Truflation, a real-time financial data platform, has unveiled its new AI Index, according to the most recent information disclosed to Finbold on Tuesday, October 8.
The Index tracks the performance of artificial intelligence (AI) companies and the Real World Assets (RWAs) powering generative AI.
Truflation’s AI Index tool
The generative AI market, currently worth $44.89 billion, is expected to reach an astounding $1.3 trillion by 2032, as per Bloomberg Intelligence.
With 92% of Fortune 500 companies adopting generative AI, Truflation’s AI Index is a valuable benchmark for assessing sector performance.
The AI Company Index comprises six companies: Artificial S-Intelligence Alliance, Akash Network, AIOZ Network, Bittensor, Echelon Prime, and Render.
According to Truflation CEO Stefan Rust:
“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.”
Stefan Höchle, Head of Investment Strategy at Digital Asset Solutions (DAS), echoed his colleague’s excitement:
“The AI sector is increasingly making strides within blockchain technology, offering not only accessible entry points for investors but also unlocking entirely new avenues of economic potential through decentralization. We are excited to partner with Truflation to launch another investable index, unlocking one of the most dynamic sub sectors within digital assets.”
Decentralized data feeds on Truflation
Truflation’s decentralized data feeds, indexes, and oracles have uses in a range of decentralized finance (DeFi) applications.
With support from over 80 data partners, Truflation tracks more than 20 million items, ensuring that on-chain protocols have access to reliable, real-time data.
In addition to RWAs, Truflation allows for inflation tracking in countries such as the US, UK, and Argentina, helping bring more comprehensive and transparent data on-chain.
By offering alternative metrics and addressing the limitations and challenges of traditional indices, Truflation seeks to improve decision-making for investors, businesses, and policymakers alike.
