Truflation Announces New Real-Time AI Index

Truflation has released a new real-time AI index to provide data on the performance of companies that are driving the growth of generative AI.

Truflation, a data-driven platform renowned for its independent inflation metrics, is advancing its product line by introducing a Real-Time AI Index. The new tool is intended to provide a real-time perspective on market trends and movements, tracking the rapid advancements in the artificial intelligence (AI) market.

The index comprises six companies: Akash Network, AIOZ Network, Bittensor, Echelon Prime, and Render, as indicated by a shared press release.

Currently, AI is implemented in the products of 92% of Fortune 500 companies

This tool will provide investors with a comprehensive understanding of the Real World Assets (RWAs) driving the generative AI sector and the performance and impact of the market’s leading AI firms.

Truflation stated that the AI Index was launched at the perfect moment to ensure stakeholders can access real-time data to anticipate market developments. This is due to the industry’s anticipated unprecedented growth in the years ahead.

The current valuation of $44.89 billion for the generative AI market is anticipated to increase to $1.3 trillion by 2032, as indicated by Bloomberg Intelligence and Statista data. According to analysts at both firms, the expected growth will be significantly influenced by the adoption of AI tools by Fortune 500 companies.

Approximately 92% of these Fortune 500 companies have already implemented generative AI in their operations.

Stefan Rust, the company’s CEO, stated that the new index adds to the expanding array of innovative solutions that Truflation offers to provide users with real-time price data.

“The AI Index is designed to attract investors interested in growth by diversifying across core asset classes and utilizing real-time data.” “At Truflation, we offer a comprehensive set of tools that monitor prices and the consequences of inflation,” stated Rust.

Partners of Truflation

Stefan Höchle, the head of Investment Strategy at Digital Asset Solutions (DAS), commented on the index’s release, stating that the AI industry is advancing rapidly within blockchain technology, creating accessible opportunities for investors and new pathways for economic growth through decentralization.

At the same time, Truflation has been making significant contributions to the crypto industry as an economic data provider. It provides decentralized data feeds, indices, and oracles used by various platforms to price various real-world assets accurately.

The organization has collaborated with more than 80 data firms that employ its proprietary tools to expand their operations. The company is also collaborating with numerous governments, such as the United States, Argentina, and the United Kingdom, to provide a specialized dashboard to track inflation trends within their respective economies.