Confinement-dependent exciton and biexciton dynamics in bright band-gap-emitting <mml:math xmlns:mml="http://www.w3.org/1998/Math/MathML"> <mml:mrow> <mml:msub> <mml:mi>AgInS</mml:mi> <mml:mn>2</mml:mn> </mml:msub> </mml:mrow> </mml:math> quantum dots

I-III-VI quantum dots are potential candidates for light-emitting and light-harvesting applications due to their heavy-metal–free composition and chemical tunability. Despite their potential, the investigation of intrinsic exciton and excitonic many-body dynamics has often been complicated because of their extensive defect energy landscape. Here, we investigate bright band-gap-emitting AgInS 2 quantum dots of sizes ranging from ∼ 4 to 7 nm using femtosecond pump-probe spectroscopy to link quantum confinement to exciton formation and many-body interactions. The exciton formation time is governed by inter-valence-band hole relaxation. This increases by more than a factor of 4 with decreasing quantum dot size, reflecting size-dependent exciton-phonon scattering efficiency. By temporally correlating hole relaxation with induced absorption dynamics, we identify different exciton-to-biexciton transitions originating from different exciton states. Excitation-fluence-dependent measurements reveal a biexciton decay time that scales with the quantum dot volume. Smaller quantum dots show fast decay of <100 ps, primarily governed by exciton-exciton annihilation. In larger quantum dots, the biexciton lifetime exceeds 400 ps, indicating reduced annihilation efficiency. Complementary streak-camera photoluminescence experiments provide direct spectroscopic evidence that these long-lived biexcitons are partially emissive. Collectively, we report an in-depth ultrafast-optical study yielding fundamental insights into the complex landscape of exciton formation and biexciton physics, which advances the understanding of intrinsic optical processes in AgInS 2 quantum dots among I-III-VI materials.