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Investors are looking to capitalize on the growing artificial intelligence (AI) industry, which is projected to generate over $1.3 trillion in annual revenue by 2032. Two companies, Palantir Technologies and SoundHound AI, are positioned to benefit from this growth. Palantir Technologies offers machine-learning solutions that are in high demand by the U.S. military, businesses, and foreign governments. The company expects to generate nearly $2.7 billion in revenue and $1 billion in free cash flow by 2024. SoundHound AI provides voice AI technology that is being adopted by businesses and automakers, with revenue surging by 80% year over year. Both companies have significant growth potential, making them attractive investments for those looking to capitalize on the AI industry.
