With a focus on tracking AI firm performance and the Real World Assets (RWAs) powering generative AI, Truflation, a leading provider of real-time financial data, is thrilled to announce the debut of the AI Index. The launch coincides with a critical juncture in the $44.89 billion worldwide generative AI industry (Statista). According to Bloomberg Intelligence, the generative AI industry is now expected to reach $1.3 trillion by 2032, and 92% of Fortune 500 organizations have already incorporated generative AI into their operations. The index provides a significant tool for both standard and decentralized finance platforms by providing a baseline for performance monitoring.
The Artificial S-Intelligence Alliance, Akash Network, AIOZ Network, Bittensor, Echelon Prime, and Render are the six firms that make up the AI Company Index.
Stefan Rust, CEO of Truflation stated:
“The AI Index targets investors seeking growth, by leveraging real-time data and diversifying across core asset classes. At Truflation, we provide a powerful suite of tools that not only tracks prices but also the effects of inflation.”
Decentralized finance (DeFi) applications make extensive use of Truflation’s decentralized data feeds, indexes, and oracles to get precise pricing for a variety of real-world assets. Truflation provides on-chain protocols with a reliable, real-time data source by tracking over 20 million items via the integration of more than 80 data providers. Beyond RWAs, Truflation makes progress in bringing more reliable and thorough data on-chain by offering customized dashboards for tracking inflation in nations like the US, UK, and Argentina. The firm wants to improve decision-making processes for companies, investors, and policymakers by offering alternative measurements and getting beyond the drawbacks of traditional indices. This will help to create a more robust and informed global economy.
Leading the charge in the transition of digital finance is Digital Asset Solutions AG, which offers specialized asset management solutions and digital asset advisory services. The firm holds itself to the highest standards as a Swiss-regulated firm, ensuring that their business partners are securely and effectively guided through the intricacies of the digital financial industry.
Stefan Höchle, Head of Investment Strategy at Digital Asset Solutions (DAS) stated:
“The AI sector is increasingly making strides within blockchain technology, offering not only accessible entry points for investors but also unlocking entirely new avenues of economic potential through decentralization. We are excited to partner with Truflation to launch another investable index, unlocking one of the most dynamic sub sectors within digital assets.”
As the leading DRP (Definite Reference Point) for economic veracity, Truflation powers the tokenization of real-world assets via the Truflation Stream Network, a real-time, transparent, and independent data oracle. The TSN, which tracks more over 20 million products, is totally decentralized and impervious to censorship, opening up limitless markets for decentralized apps (dApps) like DEXs. As Truflation opens a wide variety of financial instruments and ushers in a new era on the Web3, it can do anything from estimate prices of orange juice and uranium to facilitate markets for oil, gas, and corn denominated in Bitcoin.
Source: https://thenewscrypto.com/truflation-launches-rwa-ai-index-to-track-generative-ai-sectors-growth/