Key Takeaways
- Morningstar’s GenAI 20 Index contains high generative AI firms equivalent to Databricks, Anthropic, OpenAI, and xAI, weighted by publicity.
- The index makes use of PitchBook’s non-public market knowledge to keep up steady protection from late-stage VC by means of public itemizing, filling a spot in conventional benchmarks.
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Morningstar, the funding analysis and knowledge agency, at the moment launched the PitchBook GenAI 20 Index, a benchmark designed to trace main generative AI firms throughout non-public and public markets.
The index leverages PitchBook’s private-market dataset to offer publicity to late-stage, venture-backed corporations within the generative AI sector.
Databricks holds the highest portfolio weight at 21.4%, adopted by Anthropic at 19%, OpenAI at 18.9%, and xAI at 18.6%. The highest 4 firms account for almost 78% of the index’s allocation.
Different holdings embrace Secure Superintelligence, Anysphere, Mistral AI, and Cohere.
The benchmark targets pure-play generative AI corporations usually absent from conventional indexes resulting from their non-public standing. Its perpetual construction maintains monitoring continuity as firms transition from non-public to public markets.
“Staying on the forefront of innovation in generative AI requires a transparent view of alternatives throughout each private and non-private markets,” mentioned Sanjay Arya, Head of Innovation at Morningstar Indexes. “We imagine this new index helps present readability to one of the vital vital development themes of the following decade.”
Dimitri Zabelin, Senior Funding Analysis Analyst for AI and Cybersecurity at PitchBook, famous that generative AI is reshaping how software program is constructed and scaled throughout industries.
Morningstar can be increasing investor instruments for public-private market convergence, together with new private-company protection and PitchBook-powered analytics.



















