Artificial intelligence (AI) took some massive steps forward in 2023. Following the release of OpenAI's ChatGPT in late 2022, practically every executive was talking about how they were applying the advancements in technology to their businesses.

While start-ups like OpenAI and Anthropic garnered a lot of attention and massive investments from and Amazon, respectively, one company has been building advanced AI applications for well over a decade. And despite a strong stock performance in 2023, its potential may still be underappreciated.

That's why Meta Platforms (NASDAQ: META) is the smartest AI stock to buy right now.

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Source Fool.com