TELUS International (Cda) Inc. (TIXT) Launches AI Research Hub at University of São Paulo

We recently compiled a list of the 10 AI News Stories That Are Dominating Headlines. In this article, we are going to take a look at where TELUS International (Cda) Inc. (NYSE:TIXT) stands against the other AI stocks.

Grok 3, xAI’s chatbot and ChatGPT challenger is in its final stages of development, reported Elon Musk on Thursday. The chatbot is reportedly going to be released in a week or two. Speaking at the Dubai World Governments Summit, Musk said that the chatbot outperforms all others in the market.

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“Grok 3 has very powerful reasoning capabilities, so in the tests that we’ve done thus far, Grok 3 is outperforming anything that’s been released, that we’re aware of, so that’s a good sign”.

-Elon Musk

Musk had founded xAI as a rival to ChatGPT after he left OpenAI back in 2018. When Emirati State Minister for AI Omar Sultan Al Olama asked what to expect from the upcoming Grok 3 model, Musk bragged that it was “scary smart” with “very powerful reasoning capabilities.”

A few days back, a consortium of investors led by Musk said it had offered $97.4 billion to buy the nonprofit that controls OpenAI. The move marked an attempt by the billionaire to stop OpenAI from becoming a for-profit company. He had even sued CEO Sam Altman and others in August, asking a U.S. district judge to block OpenAI’s attempt to transition to a for-profit entity.

“I think the evidence is there in that OpenAI has gotten this far while having at least a sort of dual profit, non-profit role. What they’re trying to do now is to completely delete the non-profit, and that seems really going too far.”

Musk may be bragging that his chatbot is superior to others, but Benjamin De Kraker, who worked on the human data team for Grok development, has differing opinions on the top AI models for code. According to De Kraker, OpenAI’s o1-pro, o1, and o3-mini are all tied for the top spot, while the unreleased Grok 3 is in fourth position. Only time will tell who is right.

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TELUS International (Cda) Inc. (NYSE:TIXT)

Number of Hedge Fund Holders: 8

TELUS International (Cda) Inc. (NYSE:TIXT), formerly known as TELUS International, provides digital customer experience and IT services, including software infrastructure solutions. On February 11, the company announced that it is expanding its global AI research footprint through the launch of the TELUS Digital Research Hub. The research hub will be launched at the University of São Paulo (USP) in Brazil on March 18. The $1 million investment, spread over three years, will allow the state-of-the-art facility to serve as a collaborative research space. This space will attract leading global AI research talent that will drive advancements in artificial intelligence (AI)-fueled CX. The hub will be located within the Center for Artificial Intelligence and Machine Learning (CIAAM), joining global companies such as Motorola, IBM, and Itaú.

“The launch of TELUS Digital’s partnership with USP and our new TELUS Digital Research Hub on campus marks an exciting milestone in our company’s sustained commitment to advancing AI research and development, incorporating diverse perspectives to mitigate bias and promote responsible AI, and contributing to the global dialogue on AI’s potential. Our company’s dedication to providing exceptional, AI-fueled customer experiences and outcomes for the brands we serve globally will help direct our research agenda over the next three years. This will include advancing the capabilities of Fuel iX™, our proprietary, generative AI platform and suite of solutions that personalize, secure and scale digital interactions. By uniting academia and leading CX industry experts, our goal is to leverage the strengths of both groups to create innovative and transformative real-world applications with measurable impacts.”

-Renato Vicente, Director, TELUS Digital Research Hub.

Overall TIXT ranks 7th on our list of the AI stocks that are dominating headlines. While we acknowledge the potential of TIXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than TIXT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.