Morningstar Launches First Pure-Play Generative AI Index

Core Insights - Morningstar, Inc. has launched the Morningstar PitchBook GenAI 20 Index, a benchmark aimed at providing exposure to pure-play generative AI companies throughout their lifecycle from private to public markets [1][2] Group 1: Index Overview - The Morningstar PitchBook GenAI 20 Index is designed to fill the gap in traditional market benchmarks by offering targeted exposure to leading generative AI innovators [2] - The index operates on a perpetual structure, continuously tracking companies as they transition from private to public, ensuring a consistent framework for measuring and analyzing GenAI leadership [3] Group 2: Industry Context - Generative AI is fundamentally changing software development and deployment across various sectors, influencing workflows, products, and decision-making processes at an unprecedented pace [5] - The index leverages PitchBook's global private markets data to identify companies advancing technologies such as machine learning, natural language processing, and computer vision [4] Group 3: Company Positioning - Morningstar has enhanced its investor tools to better navigate the convergence of public and private markets, including expanded coverage of private companies and standardized metrics [5] - Morningstar Indexes has been recognized as the fastest-growing global index provider over the last five years, reflecting its commitment to meet evolving investor needs [6]