Today, we are previewing a new public market index – the MAD (for machine learning, AI and data) index.
Readers of this blog know that we have been tracking the data ecosystem since 2012, through annual landscapes (see the 2020 Data & AI Landscape).
Over the last few years, a funny thing happened – some of the small startups we had started tracking grew up, did an IPO and became large public companies.
Not so long ago, public market investors used to say there’s was no good way of “playing” the Big Data and AI trends, due to the lack of public companies in the space. This is less true today.
However, there isn’t much out there in terms of looking at those public companies as a group. For example, see this Seeking Alpha piece, Top 3 Artificial Intelligence ETFs To Consider, where none of the companies listed are actually AI companies.
Hence the idea of the MAD Index. It’s still a small group of companies, but my colleague John Wu and I were curious to see how they fared in public markets, now and going forward.
This is just a start. We anticipate that a number of companies will join this group in the next year or two, and we’re excited to see how this index matures.Continue reading “Introducing the MAD (ML, AI, Data) Public Company Index”