Artificial intelligence (AI) holds a lot of promise for many industries, but one area where it's already proving useful is in data analytics. Governments and corporations are eager to harness AI-powered insights to optimize everything from military operations to supply chains and financial forecasting.

, a financial services company, predicts the AI analytics market could be worth a massive $1.4 trillion by 2033.

Two companies making a name for themselves in this upcoming market are BigBear.ai (NYSE: BBAI) and Palantir Technologies (NASDAQ: PLTR), and both have seen their share prices soar over the past year, rising 131% and 487%, respectively.

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Source Fool.com