Morningstar Launches Index Tracking Top Generative AI Firms Like OpenAI and Anthropic

Source: CryptoNewsNet Original Title: Morningstar launches index tracking top generative AI firms like OpenAI and Anthropic Original Link:

Overview

Morningstar, the investment research and data firm, has introduced the PitchBook GenAI 20 Index, a benchmark designed to track leading generative AI companies across private and public markets.

The index leverages PitchBook’s private-market dataset to provide exposure to late-stage, venture-backed firms in the generative AI sector. It targets pure-play generative AI firms often absent from traditional indexes due to their private status, with a perpetual structure that maintains tracking continuity as companies transition from private to public markets.

Portfolio Composition

Top Holdings by Weight:

• Databricks: 21.4%
• Anthropic: 19%
• OpenAI: 18.9%
• xAI: 18.6%

The top four companies account for nearly 78% of the index’s allocation. Other holdings include Safe Superintelligence, Anysphere, Mistral AI, and Cohere.

Market Significance

According to Sanjay Arya, Head of Innovation at Morningstar Indexes: “Staying at the forefront of innovation in generative AI requires a clear view of opportunities across both public and private markets. We believe this new index helps provide clarity to one of the most important growth themes of the next decade.”

The index fills a critical gap in traditional benchmarks by maintaining continuous coverage from late-stage VC through public listing, enabling investors to track exposure across the full lifecycle of leading AI companies.

Morningstar is also expanding investor tools for public-private market convergence, including new private-company coverage and PitchBook-powered analytics.