HomeAnalysisFlybridge Launches AI Index to Track Market Leaders in Artificial Intelligence

Flybridge Launches AI Index to Track Market Leaders in Artificial Intelligence

Flybridge

Flybridge, a Boston, MA-based early-stage venture capital firm, launched the Flybridge AI Index, a new stock market index designed to track the performance of 28 publicly traded companies at the forefront of artificial intelligence innovation.

This diverse group spans sectors such as infrastructure, applications, and industry-specific AI solutions, offering a comprehensive view of the AI landscape.

The Flybridge AI Index features companies like NVIDIA, Google, Microsoft, and IBM, alongside emerging AI-driven companies such as C3.ai, Palantir, and UiPath. Utilizing an equal-weighting methodology, the index provides an aggregate performance snapshot of these AI leaders.

Since its inception on January 1, 2023, the Flybridge AI Index has achieved a 100.5% return, outperforming the S&P 500 (32.9%), NASDAQ (52.5%), and other major indices. The index will undergo quarterly updates to incorporate new AI-focused public companies and remove those that no longer meet the criteria.

In conjunction with the index launch, Flybridge will host an event during New York Tech Week on June 4th. This event will feature leaders from some of the companies included in the index, discussing the impact of AI on various industries and the future of AI-driven innovation.

Founded in 2002 and led by Chip Hazard, General Partner, Flybridge is a venture capital firm that partners with bold entrepreneurs to build valuable technology companies. To date, the firm has invested in over 150 companies across multiple emerging technology sectors, including: MongoDB, Nasuni, Chief, Codecademy (acquired by Skillsoft), and more.

VCWire

23/05/2024