Group 1 - Telus International (NYSE:TIXT) is identified as a promising AI stock under $5, with Scotiabank raising its price target to $4.50 from $3.50, reflecting an 11% year-to-date increase [1][2] - The price target increase follows TELUS's announcement to acquire all outstanding shares of TELUS Digital for $4.50, which aims to enhance operational integration and AI capabilities across various sectors [2][4] - Scotiabank views the merger as the best possible outcome for shareholders in the current macroeconomic environment, indicating a positive outlook for the company's future [3] Group 2 - TELUS's President and CEO, Darren Entwistle, emphasized that the merger will enhance AI capabilities and software-as-a-service (SaaS) transformation across telecommunications, healthcare, and consumer goods sectors, benefiting global customers [4] - Telus International specializes in AI-driven digital solutions, including computer vision, data annotation, and search relevance, supporting enterprise applications across industries such as fintech, healthcare, e-commerce, and media [5]

Marking a major leap in Canada's artificial intelligence (AI) infrastructure TELUS Corporation (TU) has announced its intention to launch the first Sovereign AI Factories in Rimouski, Quebec, and Kamloops, British Columbia. These facilities are poised to position the two communities at the heart of Canada's next generation of secure and sustainable artificial inteliigence (AI) innovation. In alignment with the Pan-Canadian AI Strategy, the initiative aims to strengthen Canada’s digital economy by offering s ...