The craze surrounding OpenAI's ChatGPT has reached small-cap artificial intelligence stocks, as investors relay excitement over the potential future of the space. Under-the-radar firms BigBear.ai and SoundHound AI have both seen bullish runs in recent months. In January alone, BigBear saw an increase of 356%, while SoundHound climbed 56%. BigBear.ai is rooted in artificial intelligence, and the firm's breadth of products offer applications to industries including healthcare, government and manufacturing. SoundHound, meanwhile, focuses on conversational intelligence, which integrates AI interactions with users that is voice activated.

Many would describe 2022 as a breakthrough year for artificial intelligence stocks. We saw new technology that allows you to create AI-generated art from a text prompt. You can have AI create a poem for you or write up a summary of any topic under the sun. With that said, artificial intelligence stocks suffered in 2022 as the economy went through a challenging period marked by soaring inflation and aggressive rate hikes meant to counter it. We're going to look at artificial intelligence stocks to determine if they can bounce back in 2023.

Artificial intelligence stocks suffered in 2022 as tech stocks plummeted and general stock market sell-offs led to many of the biggest companies dropping in value. We look at what’s next for artificial intelligence stocks, and why it might be a good time to buy AI.

Conceptually, AI is to the 2020s what DNA was to the 1990s, what bandwidth was to the early aughts, and mRNA was to the pandemic. You can't ignore the power of artificial intelligence because it's part of everyday life now. AI is designed to perform typical tasks involving some degree of problem solving and decision making that humans would normally do. Those tasks now range from making decisions regarding an insurance claim all the way to creating images from scratch based on text prompts. Many new uses of artificial intelligence, the technology, are still being discovered. Yet, if you think about the evolution of services like Siri or Alexa in our everyday lives, it's here too.

AI stocks may be excellent long-term investments. The global artificial intelligence industry is expected to grow from $59.7 billion in 2021 to $422.4 billion by 2028, according to Zion Market Research. Virtually every industry is being disrupted by AI, automation and robotics. Whether it be machine learning, smart applications and appliances, digital assistants or autonomous vehicles, companies that aren't investing in AI products and services risk becoming obsolete. Countless companies stand to benefit from AI, but a handful of stocks have AI and automation as a central part of their businesses.

Palantir seeks to utilize AI and machine learning (ML) in these software packages.

World-renowned semiconductor producer Nvidia is widely regarded as a pioneering force behind artificial intelligence (AI), and it remains a leader in the field today. But AI is a rapidly growing industry with plenty of room for other contributors, and in fact, some experts predict the majority of companies will be using AI by 2030, adding $13 trillion in value to the global economy. Therefore, while Nvidia is a $413 billion giant today, three Motley Fool contributors think C3ai (AI -0.70%), Riskified (RSKD 0.69%), and CrowdStrike (CRWD 0.83%) are artificial intelligence powerhouses of the future. Anthony Di Pizio (C3ai): One thing the artificial intelligence industry is missing is accessibility. Typically, only large technology companies with the financial resources and the ability to attract talented developers have been able to use AI in a meaningful capacity.

There are few sectors of the stock market that are quite as exciting as the artificial intelligence sector. Eerily reminiscent of many works of science fiction, today's technological innovation has brought us smartphones, televisions, and even homes that talk to you, providing intelligent answers in seemingly no time flat! AI technology is quickly changing the way people do everything from order food to enjoy streaming entertainment, and as adoption of the technology continues, the opportunities in the space are only growing larger. It's no surprise to find intense investor interest in artificial intelligence stocks, but what exactly are the companies they represent doing, and should you be investing in them? Read on to learn more about this fast-evolving sector of the economy and how to go about investing in it.

These companies are leading the way in artificial intelligence. Artificial intelligence was once a far-off imagination of scientists and sci-fi enthusiasts. Now, the industry has a value just under $1 trillion and is projected to grow to $14 trillion by 2030, according to Ark Invest. That's because AI is more than just a supercomputer that can play chess and engage in small talk; companies are using AI to automate and streamline their business processes. For example, automated algorithms remove most of the posts that violate Facebook's community standards.

Artificial intelligence (AI) has become an emerging growth sector in the tech economy. Both start-ups and established tech companies are working to capitalize on the technology. Analysts at Grand View Research estimate the AI market could expand to $1.8 trillion annually by 2030, suggesting a compound annual growth rate of 38% over the next eight years. These increases should serve as a solid tailwind for numerous AI stocks, and both Alphabet (GOOGL 5.11%) (GOOG 5.20%) and Palantir (PLTR 7.72%) appear well-positioned to enrich long-term investors through AI. Let's find out a bit more about these two artificial intelligence stocks.