Artificial intelligence (AI) has rapidly reached a pivotal point in its adoption, with ChatGPT, launched in late 2022, amassing nearly 1 billion weekly users by late 2023. This represents an unprecedented acceleration compared to previous technologies, with mainstream adoption occurring in less than a year.
Two companies exemplifying this explosive growth phase are AppLovin and Palantir. AppLovin, after integrating an AI-powered ad-targeting engine, saw its stock surge nearly 500% within months and has increased 3,800% since late 2022, compared to a modest 66% rise in the S&P 500. Similarly, Palantir launched its AI analytics platform AIP, leading to a 290% stock increase, with gains over 2,300% since late 2022.
The article suggests that AI is pushing companies into a rapid growth phase (Phase 2), indicating potential for significant financial returns for investors as this technological trend continues to evolve.
