Morningstar, Inc. recently announced the launch of the Morningstar PitchBook GenAI 20 Index. This new benchmark is the first of its kind in the industry. It specifically tracks pure-play generative AI companies as they grow. The index follows these firms through their entire business lifecycle. This journey begins in the private markets and continues through public listings. Investors now have a clear way to measure the performance of AI leaders. This transparency helps clarify one of the most important growth themes today.
Many companies driving significant AI breakthroughs currently remain private. These firms are often unrepresented in traditional market benchmarks. The Morningstar PitchBook GenAI 20 Index fills this critical data gap. It provides targeted and rules-based exposure to innovative software leaders. The index utilizes a perpetual structure to maintain continuous tracking. Therefore, it offers a durable framework for analyzing AI market evolution.
Leveraging Global Private Market Data
The index draws on extensive data provided by PitchBook. PitchBook is a Morningstar company that specializes in private market insights. It helps identify companies advancing core technologies, such as machine learning. Other tracked areas include natural language processing and computer vision. The classification framework ensures that only true pure-play innovators are included.
“Staying at the forefront of innovation in generative AI requires a clear view of opportunities across both public and private markets. As private markets play an increasingly critical role in technology development, having transparent and measurable benchmarks is essential. We believe this new index helps provide clarity to one of the most important growth themes of the next decade,” said Sanjay Arya, Head of Innovation at Morningstar Indexes.
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News Source: Businesswire.com
