Is artificial intelligence (AI) just a buzzword? Or is it really the next wave of useful technology? It's already changing many applications in just about every industry, so I think it's safe to say that it's more than just hype. If you're only hearing about it now, chances are that you already missed many early-stage opportunities in AI. The hottest stock in 2023 was arguably Nvidia, one of the main companies producing chips for AI. It gained about 230% last year, and several thousand percent more leading up to that moment.

But that doesn't mean you can't still benefit from companies creating new opportunities in AI and adopting more AI in their operations. Block (NYSE: SQ) and Lemonade (NYSE: LMND) are two companies using AI to shape their businesses, and 2024 could be a big year for both of them.

Block was one of the original fintech companies that swept to prominence when digital payments began to reshape the financial industry. It was hailed as a real change agent, and it has become a Cathie Wood favorite. The company's Cash App financial services app is consistently top-rated among consumers, and its Square seller's business keeps growing.

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Source Fool.com