Indices (AI)

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The artificial intelligence value chain, from silicon to application

The catalogue

Indices (AI)

Twenty positions spanning the full AI stack — the networking and lithography that make training possible, the labs building frontier models, and the applied businesses putting those models to work.

20 instruments
$1,000 minimum deposit
4 deposit tiers
5 pre-IPO positions
5 of these positions are not publicly listed. They are marked Pre-IPO and represent private-market exposure — illiquid, valued only at funding events rather than daily, and not sellable on an exchange. Two of them are products rather than separate companies; each brief says so explicitly.
Meta Platforms Inc META

Advertising revenue funding one of the largest open-weight model programmes.

Social & AI Research Open brief →
Arista Networks Inc ANET

High-speed Ethernet switching that connects GPUs into training clusters.

Data-Centre Networking Open brief →
ASML Holding NV ASML

The only maker of the EUV lithography machines advanced chips require.

Semiconductor Equipment Open brief →
OpenAI Pre-IPO

The frontier lab behind the GPT model family.

Frontier AI Research Pre-IPO
Grok (xAI) Pre-IPO

xAI’s assistant, trained on its own large GPU cluster and wired into X.

Frontier AI Research Pre-IPO
MiniMax Group Pre-IPO

A Chinese frontier lab known for multimodal and long-context models.

Frontier AI Research Pre-IPO
SenseTime 0020.HK

Chinese computer vision and large-model platform, listed in Hong Kong.

Computer Vision Open brief →
Pony AI PONY

Robotaxi and autonomous trucking operator with permits in China and the US.

Autonomous Driving Open brief →
Appen APX.AX

Human-annotated training and evaluation data for machine learning.

AI Training Data Open brief →
Airship AI AISP

Edge video analytics sold largely into US government and public safety.

Video Analytics & Security Open brief →
ChatGPT Pre-IPO

OpenAI’s consumer and enterprise assistant — the application layer, not a separate company.

Consumer AI Application Pre-IPO
Freight Technologies FRGT

AI-assisted cross-border freight matching between Mexico and the United States.

Logistics Software Open brief →
Lucas GC LGCL

AI-driven recruitment and insurance agent networks operating in China.

AI Recruitment & Services Open brief →
CapCut AI Pre-IPO

ByteDance’s AI video editing suite — a product inside a private group.

Creative AI Tools Pre-IPO
Oracle ORCL

Database incumbent turned AI training-capacity landlord.

Enterprise Software & Cloud Open brief →
Alibaba BABA

Alibaba Cloud and the Qwen open-weight model family.

Cloud & Foundation Models Open brief →
IBM IBM

Hybrid cloud, consulting and the Granite enterprise model family.

Enterprise IT & Consulting Open brief →
Adobe ADBE

Creative Cloud subscriptions plus the commercially-licensed Firefly models.

Creative Software Open brief →
CoreWeave CRWV

A GPU cloud built specifically for large-scale model training.

AI Cloud Infrastructure Open brief →
Aurora Innovation AUR

Driverless long-haul freight on US interstate corridors.

Autonomous Trucking Open brief →
Deposit sections

What each amount buys you

These four tiers apply across every instrument on the indices (ai) desk. The amount you deposit does not just change position size — it changes how the position is managed, how long it is held, and what reporting comes with it.

Explorer
$1,000
up to $9,999
Minimum hold · 90 days

Thematic entry exposure. Your capital tracks this name inside the wider AI basket rather than as a standalone holding, which spreads single-company risk.

Deposit at Explorer
Accelerator
$10,000
up to $49,999
Minimum hold · 180 days

A direct weighting. The allocation is concentrated in this specific name, so performance tracks the company rather than the basket average.

Deposit at Accelerator
Frontier
$50,000
up to $249,999
Minimum hold · 12 months

A concentrated position with quarterly rebalancing and access to the desk research note published on this name each quarter.

Deposit at Frontier
Venture
$250,000
and above · by arrangement
Minimum hold · 24 months

Long-horizon capital. Suited to pre-IPO and early-stage exposure where the position is illiquid and the return, if any, is realised at a liquidity event.

Deposit at Venture