The index tracks private and public companies focused purely on generative AI as they move from private funding to stock market listings.

Morningstar said it has launched the Morningstar PitchBook GenAI 20 Index, a benchmark tracking pure play generative AI companies across both private and public markets. The index follows companies as they move from private ownership to public listing The index follows companies as they move from private ownership to public listing, using what Morningstar describes as a perpetual structure. This means firms stay in the benchmark even as they change status from private to listed, allowing the