Truflation, a provider of financial data, has introduced its own AI Index, a resource aimed at tracking the performance of firms in the generative AI landscape and the associated real-world assets.
This announcement — communicated to crypto.news through a press release — comes at a time of remarkable expansion in the global generative AI industry, currently estimated at $44.89 billion and expected to soar to $1.3 trillion by 2032.
The AI Index features six companies: Artificial S-Intelligence Alliance, Akash Network, AIOZ Network, Bittensor, Echelon Prime, and Render.
Stefan Rust, CEO of Truflation, remarked that the index “caters to investors looking for growth by utilizing real-time data and diversifying across fundamental asset classes.”
This index acts as a reference point for both traditional and decentralized finance platforms.
Significance of the Index
Truflation employs decentralized data feeds, indices, and oracles, which are critical elements of decentralized finance. These resources offer users precise pricing for real-world assets, enabling them to make well-informed choices.
According to the press release, Truflation collaborates with over 80 data partners, monitors more than 20 million items, and provides specialized dashboards for tracking inflation in countries such as the U.S., U.K., and Argentina.
For those new to decentralized finance, it encompasses financial services that operate on blockchain technology, removing intermediaries like banks, which facilitates more direct and efficient transactions.
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