Artificial intelligence (AI) services can help companies analyze data, optimize their businesses, craft targeted ad campaigns, and even pilot autonomous machines and vehicles. That ongoing shift could enable the global AI market to grow at a compound annual rate of 40.2% from 2021 to 2028, according to Grand View Research. But that secular trend can also be confusing, since too many companies rely on AI as a buzzword instead of a business model. So today, I'll simplify that search process for investors by highlighting three reliable tech companies that will likely benefit from the long-term growth of the AI market. Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), the parent company of Google, generates most of its revenue from online ads.

Chip designer Ambarella has announced a new computer vision chip for processing artificial intelligence at the edge of computer networks, like in smart cars and security cameras. The new CV28M camera system on chip (SoC) is the latest in the company's CVflow family. It combines advanced image processing, high-resolution video encoding, and computer vision processing in a single, low-power chip. Ambarella packed a lot of AI processing power into the chip to anticipate the way computer networks will evolve as everything gets connected to the internet. Since networks could become inundated with data traffic, self-driving cars, for example, will have to do their processing at the edge of the network, or in the car itself, rather than interacting heavily with datacenter processors.