The new AI Index will provide real-time view and market trends of six companies in the artificial intelligence market.
Key Notes
- Truflation has released a new index for the AI market, providing price data and performance of companies driving the generative AI growth.
- The new product is designed to help investors gain insights into the industry to make informed investment decisions.
- The index will track performance of companies such as Artificial S-Intelligence Alliance, Akash Network, AIOZ Network, Bittensor, Echelon Prime, and Render.
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Truflation, a data-driven platform known for providing independent inflation metrics, is expanding its offerings with the launch of a Real-Time AI Index. The new tool is designed to track the rapid developments within the artificial intelligence (AI) market, offering a real-time view of market movements and trends.
According to a shared press release, the index is composed of six companies: Artificial S-Intelligence Alliance, Akash Network, AIOZ Network, Bittensor, Echelon Prime, and Render.
92% of Fortune 500 Companies Now Use AI in Their Products
Through this tool, investors will learn about the performance and impact of leading AI firms in the market, while gaining insights into the Real World Assets (RWAs) driving the generative AI sector.
Truflation said the launch of the AI Index arrived just in time to provide the real-time data necessary to stay ahead of market developments. This is because the industry has been projected to explode in the coming years.
According to data from Bloomberg Intelligence and Statista, the generative AI market is expected to surge to a $1.3 trillion market by 2032 from its current valuation of $44.89 billion. Analysts at both firms believe the adoption of AI tools by Fortune 500 companies will contribute significantly to the expected growth.
Currently, about 92% of these companies under Fortune 500 have already integrated generative AI into their operations.
The company’s CEO Stefan Rust said the introduction of the new index adds to the growing list of innovative solutions provided by Truflation to provide real-time price data for users.
“The AI Index targets investors seeking growth, by leveraging real-time data and diversifying across core asset classes. At Truflation, we provide a powerful suite of tools that not only tracks prices but also the effects of inflation,” said Rust.
Truflation and Its Partners
Commenting on the release of the index, Stefan Höchle, head of Investment Strategy at Digital Asset Solutions (DAS) said that the AI industry is rapidly advancing within blockchain technology, creating accessible opportunities for investors while opening up new pathways for economic growth through decentralization.
Meanwhile, as an economic data provider, Truflation has been making notable contributions to the crypto industry, delivering decentralized data feeds, indices, and oracles utilized by numerous platforms for accurate pricing of various real-world assets.
Currently, the company has partnered with over 80 data firms that leverage its tools to scale their operations. The firm is also working with several governments, including those of the United States, Argentina, and the United Kingdom, offering a specialized dashboard designed to monitor inflation trends within their economies.
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Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
