Truflation Launches AI Index to Track AI Company Performance

Truflation, a financial data startup, created an AI Index to track generative AI enterprises and their physical assets.

This launch was made public via a press release at a time when the worldwide generative AI market is expected to develop significantly, with a current valuation of $44.89 billion and projections of $1.3 trillion by 2032.

The Artificial S-Intelligence Alliance, Akash Network, AIOZ Network, Bittensor, Echelon Prime, and Render are the six firms that make up the AI Index.

The index “targets investors seeking growth by leveraging real-time data and diversifying across core asset classes,” according to Stefan Rust, CEO of Truflation. Both traditional and decentralized finance systems use the index as a benchmark. 

What this index means 

Truflation uses decentralized oracles, indexes, and data feeds—all crucial elements of decentralized finance.

These technologies assist users in making decisions by giving them precise pricing information for real-world assets.

According to the release, Truflation records over 20 million items, collaborates with over 80 data partners, and provides customized dashboards for tracking inflation in nations including Argentina, the United States, and the United Kingdom.

For those unfamiliar, decentralized finance is the phrase used to describe financial services that operate on blockchain technology, doing away with middlemen like banks to enable more efficient and direct transactions.