Morningstar has announced the launch of the Morningstar PitchBook GenAI 20 Index, designed to track the performance of 20 private generative AI firms. This new index aims to offer insights into a rapidly evolving sector while addressing the lack of financial transparency associated with non-public companies.
Design and Purpose
The GenAI 20 Index was developed in response to the growing influence of private AI firms that have yet to enter the public market. It serves as a benchmark for investors seeking to understand and engage with this emerging industry segment.
- Covers 20 of the most influential private generative AI companies
- Provides insights into sector trends and performance
- Compensates for the lack of publicly available financial data from private firms
Industry Adoption
According to Morningstar executives, several major tech firms have already expressed interest in using the index as an investment benchmark, highlighting its potential impact on market strategies.