Truflation launches AI index to track generative AI performance

Financial data provider Truflation has launched its own AI Index, a tool designed to track the performance of companies in the productive AI sector and the real-world assets that support them.

This launch, shared with Crypto.news via a press release, coincides with significant growth in the global generative AI market, currently valued at $44.89 billion and projected to reach $1.3 trillion by 2032.

AI Index consists of six companies: Artificial S-Intelligence Alliance, Akash Network, AIOZ Network, Bittensor, Echelon Prime and Render.

Truflation CEO Stefan Rust said the index “targets investors seeking growth by leveraging real-time data and diversifying across key asset classes.”

The index serves as a reference point for both traditional and decentralized finance platforms.

What does this index mean?

Truflation uses decentralized data feeds, indices and oracles, which are key components of decentralized finance. These tools help users make informed decisions by providing accurate pricing for real-world assets.

According to the statement, Truflation works with more than 80 data partners, tracks more than 20 million items and offers custom dashboards for tracking inflation in countries such as the US, UK and Argentina.

For those unfamiliar with decentralized finance, it refers to financial services that run on blockchain technology, eliminating intermediaries such as banks, allowing for more direct and efficient transactions.