Index Ventures began positioning itself for AI investments well before the ChatGPT frenzy, investing in companies like Cohere and Weaviate. Index is optimistic about the application value of vector databases in training large models and has invested in the open-source vector search engine Weaviate. Index tracks changes in the software value chain and adopts a vertical integration investment strategy, having invested in AI companies like Gong and DeepScribe. Index partners believe that AI will become a core component of every application software.