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
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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
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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
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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.