The artificial intelligence market had a banner year in 2024, growing to $184 billion from $136 billion in 2023. The industry is forecast to continue expanding, reaching $827 billion by 2030.

Two businesses positioned to capitalize on the growth of artificial intelligence (AI) are the telecom Verizon Communications (NYSE: VZ) and newcomer BigBear.ai (NYSE: BBAI). The former's potent 5G network can bring AI to your mobile devices. The latter uses the technology to analyze an organization's data and help it make data-driven decisions.

In some respects, the two businesses are opposites of each other. Verizon is a mature company with reliable but slow-growing sales. BigBear.ai is a young company, having gone public in December of 2021.

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Source Fool.com