The index highlights a talent gap, with only about 200 public companies having more than 1% of their workforce in AI-specific roles. Swift Ventures plans to offer the index for free with quarterly updates and is considering launching an ETF in 2025. The index aims to provide a programmatic approach to AI investment, distinguishing genuine AI companies from those merely adopting AI terminology. It could become a benchmark for evaluating AI investments, influencing resource allocation and investor assessment of AI capabilities in public markets.
Key takeaways:
```html
- Swift Ventures has launched a new AI company index to identify public companies genuinely investing in AI technology, using a systematic scoring system based on earnings transcripts, hiring data, and research contributions.
- The index tracks approximately 90 companies and has shown 37% annual growth over the past three years, outperforming the Nasdaq and S&P, with a strong correlation between AI research investment and profitability.
- There is a significant talent gap, with only about 200 public companies having more than 1% of their workforce in AI-specific roles, highlighting the importance of genuine AI talent and infrastructure investment.
- Swift Ventures plans to offer the index for free with quarterly updates and is considering launching an ETF in early 2025, aiming to provide a programmatic approach to AI investment rather than individual stock picking.