EXO
EXO Global AI Index
Research index · v0.3

Global AI economy index

EXO Global AI Index

The real-time pulse of the global AI economy.

EXO measures the global artificial intelligence economy—not only technology stocks. Five weighted pillars connect markets, adoption, builders, capital and improving intelligence.

Current prototype backtest level
2,666.7
+166.7% since Oct 2023 base
Live session index
Session live engine — snapshots are produced while this page is open, not 24/7.
Historical BacktestSession engine: connectingBase · Oct 2023: 1,000.0

During this first live phase, intraday movement is driven by verified public development activity while market and structural pillars remain held at their latest published observations. Additional licensed intraday feeds will broaden the live pulse over time.

One signal from a fragmented market

Artificial intelligence is still an emerging, fragmented market. Its progress is spread across public markets, infrastructure, adoption, capital, developer activity and technological breakthroughs. The EXO Global AI Index brings these signals together into a single, interpretable measure designed to show not just where AI is today, but the direction in which the broader AI economy is moving.

Historical Backtest

Verified monthly backtest observations · Oct 2023–Sep 2026

Markets
EXO2,666.7+166.7%
Native index level · Change in view
Touch or hover the chart
Data status by pillar
AI Markets
Structural
Last update: No verified update
AI Adoption
Structural
Last update: No verified update
AI Development
Structural
Last update: No verified update
AI Capital
Structural
Last update: No verified update
AI Innovation & Efficiency
Structural
Last update: No verified update
Why did the index move?Available after two real snapshots exist.

In this first live phase Development may account for nearly all intraday movement, because Markets, Adoption, Capital and Innovation are held at their latest published observations.

The AI economy does not report a single number. EXO compresses fragmented signals—traded infrastructure, adoption, builder activity, capital and efficiency—into one interpretable measure of direction of travel, rather than a price.

EXO AI Index · v0.3

What moves the index?

Five pillars measure the economy around AI, from traded infrastructure to adoption and technical progress.

Current composition · 100%
01
27.8%

AI Markets

Tracks public markets and the infrastructure that powers AI. It will be the main high-frequency intraday component.

Signals included
  • AI-linked equities and infrastructure
  • Semiconductors and GPUs
  • Cloud and data centers
  • Public companies with material AI exposure
02
22.2%

AI Adoption

Measures how quickly companies and people are putting AI to work.

Signals included
  • Enterprise AI adoption
  • Consumer usage
  • Search interest in AI tools
  • Product traffic and utilization
  • Published adoption research
03
22.2%

AI Development

Measures the pace and breadth of the AI builder ecosystem. A high-frequency Development Pulse can follow when feeds are connected.

Signals included
  • New models
  • Hugging Face activity
  • Model and dataset downloads
  • GitHub AI projects
  • Commits, contributors, releases, stars and forks
04
16.7%

AI Capital

Measures investment flowing into companies, infrastructure and compute capacity.

Signals included
  • AI venture capital
  • Corporate AI investment
  • M&A and capex
  • Data centers
  • GPU clusters and compute infrastructure
05
11.1%

AI Innovation & Efficiency

Measures how capabilities improve while intelligence becomes faster and less expensive.

Signals included
  • Benchmarks and capabilities
  • Intelligence per dollar
  • Inference cost
  • Speed and latency
  • Compute efficiency and major releases

Two-speed index

The index combines durable fundamentals with a future intraday pulse without pretending slow data changes every minute.

01

Structural layer

Slow, fundamental observations remain constant until their source publishes a verified update.

02

Live pulse

Fast signals—mainly Markets and Development—will move the index intraday when verified feeds are connected.

AI vs Traditional Markets

How the EXO backtest has evolved against traditional market benchmarks since the common base date in October 2023. Every series is rebased to 100.0 at the first common valid observation.

Toggle seriesVerified static dataset
EXO Global AI Index
+166.7%
Performance since common base
S&P 500
+78.0%
Performance since common base
NASDAQ Composite
+96.1%
Performance since common base
Dow Jones Industrial Average
+57.8%
Performance since common base

Benchmark lines are normalized to Base 100 solely for relative comparison. Benchmark values are real published daily observations retrieved from FRED; for each month the first published observation on or after the first calendar day is used. No benchmark value is estimated or interpolated.

Sources: FRED / St. Louis Fed · S&P Dow Jones Indices · Nasdaq Inc. · Base 100 = Oct 2023

How a 1-minute candle is created

The engine targets a fresh EXO Index snapshot every five seconds. One minute of real snapshots becomes one OHLC candle; larger intervals aggregate those 1-minute candles.

EXAMPLE · process illustration only
00s
EXO snapshot
05s
EXO snapshot
10s
EXO snapshot
15s
EXO snapshot
20s
EXO snapshot
25s
EXO snapshot
30s
EXO snapshot
35s
EXO snapshot
40s
EXO snapshot
45s
EXO snapshot
50s
EXO snapshot
55s
EXO snapshot
1m OHLC

Open is the first snapshot, High and Low are the extremes, and Close is the final snapshot. 5m, 15m, 1h, 4h and 1d are built from real 1m candles.

v0.3

Methodology

Each pillar is normalized to the base date and combined through a weighted geometric index.

Index = 1000 × Market0.278 × Adoption0.222 × Development0.222 × Capital0.167 × Innovation0.111

Why geometric weighting

It combines signals with very different scales without allowing one rapidly growing metric to dominate the whole index.

How slow data behaves

Structural values stay constant until a new verified observation is published. The index does not forecast missing updates.

Future methodology

Monetization remains reserved for a future revision until a consistent global historical series is selected.

Data sources

Sources are separated by pillar. Planned live feeds are not represented as connected.

AI Markets
Nasdaq / FRED market proxy
Planned live feeds
AI Adoption
Stanford AI Index adoption research
AI Development
Hugging Face and GitHub ecosystem activity
Planned live feeds
AI Capital
Stanford AI Index investment data; Epoch AI infrastructure datasets
AI Innovation & Efficiency
Epoch AI inference-price, compute and capability datasets

EXO research prototype. Source methodology and licensing must be reviewed before commercial benchmark or financial-product use.