ExlService Holdings, Inc. (EXLS) Unveils EXLerate.AI to Enhance Enterprise AI Integration
We recently compiled a list of the . In this article, we are going to take a look at where ExlService Holdings, Inc. (NASDAQ:EXLS) stands against the other AI stocks.
Are we in an artificial intelligence hype cycle, and will the cycle ever turn into meaningful value for enterprises?
That's the big question as investors question whether revolutionary technology has been hyped out of proportion. Amid the concerns, Silicon Valley investors and tech giants remain optimistic that the technology at the heart of the fourth industrial revolution will one day deliver trillions of dollars in business value.
'We are definitely in a hype cycle, especially for generative AI,' said Konstantine Buhler, a partner at Sequoia Capital, speaking on a panel at The Wall Street Journal's CIO Network Summit on Monday.
Some corporate technology leaders claim they cannot wait for AI to improve or demonstrate its long-term worth despite the technology's return on investment taking longer. Customer service and code writing are currently the first fields where AI is promising, but the revolutionary developments that will yield those trillions may still be some time off.
If there is something history has shown is that generating returns from new technology investments is a high-pressure game that takes some time. According to Buhler, it took many years to generate significant returns from AI's first and second eras despite trillions of dollars in market capitalization being created in the 2000s.
Despite the growing concerns about how long it will take to generate returns from AI investments, companies and businesses are increasingly integrating the revolutionary technology to enhance operations and efficiency. While American banks have been using AI for years to spot frauds, it's only now that most are betting big on the technology.
In the past year, banks led by JPMorgan have rolled out large language models for more employees. Additionally, the banks use generative artificial intelligence in call centers for agents. At JPMorgan, over 200,000 people have an AI tool at their desks.
According to Teresa Heitsenrether, JPMorgan's chief data and analytics officer, it is still early to start seeing productivity gains across the bank in integrating AI.
'It's very early innings. First we want to put the tool in people's hands, and let them be able to ask questions and get answers. That already starts to spawn ideas, innovation, some productivity,' Heitsenrether said.
While the focus has been on AI's monetary value, the International Monetary Fund notes that AI will affect 40% of jobs worldwide. While technology is expected to complement most jobs, it will replace some.
'In advanced economies, about 60 percent of jobs may be impacted by AI. Roughly half the exposed jobs may benefit from AI integration, enhancing productivity. For the other half, AI applications may execute key tasks currently performed by humans, which could lower labor demand, leading to lower wages and reduced hiring,' IMF said in a blog post.
AI stands out for its capacity to influence highly skilled occupations. As a result, compared to emerging markets and developing economies, advanced economies face more risks from AI but also have more opportunities to take advantage of its advantages.
For this article, we selected AI news updates by going through news articles, stock analyses, and press releases. These stocks are also popular among hedge funds as of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points ().
A cross section of a data analyst overviewing code on several monitors.ExlService Holdings, Inc. (NASDAQ:EXLS) is an information technology services company that offers digital operations and solutions and analytics-driven services. The company also helps businesses leverage data and artificial intelligence to become more efficient and profitable. On February 25, the company unveiled EXLerate.AI, an advanced agentic AI platform.
The AI powered platform seeks to help enterprises integrate AI solutions into their business operations. The platform comes with 10 industry specific AI agents designed to enhance efficiency, customer experience and scalability across business operations in various sectors from insurance to healthcare retail and financial services.
'We invested in EXLerate.AI with three core principles in mind: a strong data and domain foundation, flexibility for rapid innovation and the ability to integrate AI seamlessly into enterprise operations,' said Anand 'Andy' Logani, EXL's chief digital and AI officer.
Overall EXLS ranks 8th on our list of the AI stocks analysts are monitoring. While we acknowledge the potential of EXLS 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 time frame. If you are looking for an AI stock that is more promising than EXLS but that trades at less than 5 times its earnings, check out our report about the .
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.
Disclosure: None. This article is originally published at Insider Monkey.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Why Tesla (TSLA) Shares Are Trading Lower Today
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 4.9% in the afternoon session as momentum slowed after a 40% rally that followed the Q1 2025 selloff, suggesting that the recent surge may have exhausted short-term buying interest. It is also possible some investors were taking profits amid uncertainty as they wait for more concrete updates on Tesla's highly anticipated product updates scheduled for later this year. These updates are critical for improving Tesla's growth story, as reported sales in Europe and China were weak in the first quarter of the year. Contributing to the pullback, a widely circulated Bloomberg report resurfaced concerns about the safety of Tesla's driver-assistance technology, highlighting a fatal 2023 crash. The timing of the story is especially sensitive, as Tesla prepares to unveil its AI-powered robo-taxi service in Austin later in the month, a launch that risked being overshadowed by renewed scrutiny and could shake investor confidence in the company's autonomous driving ambitions. Adding to the wall of worry is Elon Musk increasingly looking like an enemy to President Trump rather than a confidant. President Trump has shown the willingness to punish companies that do not fall in line with his agenda and vision. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Tesla? Access our full analysis report here, it's free. Tesla's shares are extremely volatile and have had 131 moves greater than 2.5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 9 days ago when the stock gained 5.2% after the major indices (Nasdaq +2.0%, S&P 500 +1.5%) rebounded as President Trump postponed the planned 50 % tariff on European Union imports, shifting the start date to July 9, 2025. Companies with substantial business ties to Europe likely had some relief as the delay reduced near-term cost pressures and preserved cross-border demand. The update should be beneficial for Tesla, as data from the European Automobile Manufacturers' Association revealed the company sold 7,261 cars in Europe in April, down 49% year on year. So, the delay could help the company avoid being caught in the crossfire of retaliatory tariffs and potential complications from escalating trade tensions between the US and the EU. Contributing to the stock's momentum, CEO Elon Musk noted in a social media post on X (formerly Twitter) that he would be allocating more of his time to the company. He added, "I must be super focused on /xAI and Tesla (plus Starship launch next week), as we have critical technologies rolling out." Tesla is down 19.8% since the beginning of the year, and at $304.24 per share, it is trading 36.6% below its 52-week high of $479.86 from December 2024. Investors who bought $1,000 worth of Tesla's shares 5 years ago would now be looking at an investment worth $5,152. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Post
22 minutes ago
- New York Post
Hedge fund titan Ken Griffin rips White House over tax bill
Hedge fund titan Ken Griffin ramped up his war of words with the Trump White House on Wednesday, blasting the president's so-called 'Big, Beautiful' tax bill for adding to Uncle Sam's eye-popping $36 trillion debt pile. The 56-year-old CEO of Citadel, who is worth $42 billion according to Forbes, told the business magazine's annual Iconoclast summit in New York City that if the bill passed, the country would 'unquestionably add several trillion dollars' to the US debt. 'There are a lot of question marks as to why we are continuing to restart tax cuts when we have a fiscal deficit that is this big,' Griffin said at the business magazine's annual Iconoclast summit in lower Manhattan Advertisement 4 Griffin warned that the Trump tax bill will only add to America's debt pile. REUTERS 'The United States' fiscal house is not in order,' Griffin added. 'You cannot run deficits of 6 or 7% at full employment after years of growth. That is just fiscally irresponsible.' Analysis by the nonpartisan Congressional Budget Office forecasts that there is a $2.4 trillion black hole in the president's flagship tax bill. Griffin, who moved his firm from Chicago to Miami in 2022, likewise warned that the administration should rein in spending and that investors are already worried about America's finances — posing major risks in the bond markets. Advertisement 'US default prices are probably the same as Italy or Greece,' he said, referring to the so-called credit default swap markets where investors can bet on whether someone will fail to pay their bills. The GOP megadonor also took aim at Trump for criticizing Walmart CEO Doug McMillon after he warned of needing to raise prices in response to higher import costs. 'We should not criticize CEOs for being honest, right? And that's all the CEO of Walmart was doing,' he told the audience in lower Manhattan. 'Shame on the administration.' Advertisement The Post has approached the White House for comment. 4 Elon Musk, who has only recently left the Trump administration, has been repeatedly griping about the bill on his social media platform X, formerly known as Twitter. REUTERS More broadly, Griffin lamented the 'uncertainty' that now clouds investment decisions in the US as a result of policies that have 'called into question American exceptionalism.' 'The administration's attempts to use tariffs come at a dear price for the US economy and come at a dear price for the US consumers, who will undoubtedly pay higher prices,' Griffin told the audience at the upmarket Cipriani ballroom on Broadway in lower Manhattan. Advertisement 'Why do we aspire to bring back to the United States jobs that are actually moving out of China into lower-cost jurisdictions? Why are we aspiring to be the nation of the lowest cost and the lowest-paid workforce in the world? That makes no sense to me.' 4 The tariff tiff blew up at the Beverly Hills Hilton where Trump's allies organized a rival VIP welcome party to go up against Griffin's traditional Milken opener. Bloomberg via Getty Images Griffin, who voted for Trump in November's presidential election, has been a staunch critic of his administration's tariff and trade policies since the real estate mogul's second inauguration earlier this year. The row between the two men spilled over at the Milken Institute Global Conference in Beverly Hills last month, where allies of President Trump organized a rival VIP welcome bash to go up against the Citadel supremo's traditional opening reception. Trump unveiled his tariff plans on April 2, which he dubbed Liberation Day, as he sought to renegotiate new trade deals with countries he believed were treating the United States unfairly. 4 Griffin used a Forbes summit to launch a string of broadsides at the Trump administration over its trade and tariff policies. AP The move has since faced a string of legal challenges, with negotiations failing to bear any fruit until now, apart from an agreement with post-Brexit Britain that was announced on May 8. But discussions with the European Union, one of America's largest trading partners, have faltered, as The Post exclusively reported on May 7.
Yahoo
22 minutes ago
- Yahoo
Tesla Tumbles After Musk Escalates Attacks on Trump Tax Bill
(Bloomberg) -- Tesla Inc.'s shares sank as Elon Musk and President Donald Trump's simmering feud devolved into a public war of words between two of the world's most powerful people. ICE Moves to DNA-Test Families Targeted for Deportation with New Contract Next Stop: Rancho Cucamonga! US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn The Global Struggle to Build Safer Cars Where Public Transit Systems Are Bouncing Back Around the World Trump on Thursday said he was 'very disappointed' by the Tesla chief executive officer's criticism of the president's signature tax policy bill. Musk fired back on social media, saying it was 'false' that the Tesla CEO knew the plan would unwind EV tax credits that benefit Tesla's business. Musk followed up with several more sharply worded posts, including saying Trump showed 'such ingratitude' for the help the billionaire entrepreneur has provided to Trump's administration. Tesla's shares fell as much 9.2% to an intraday low as the two traded barbs. The spat highlights how policies advanced by Trump and Republican lawmakers put billions of dollars at risk for Tesla. Trump's massive tax bill would largely eliminate a credit worth as much as $7,500 for buyers of some Tesla models and other electric vehicles by the end of this year, seven years ahead of schedule. That would translate to a roughly $1.2 billion hit to Tesla's full-year profit, according to JPMorgan analysts. After leaving his formal advisory role in the White House last week, Musk has been on a mission to block the president's signature tax bill that he described as a 'disgusting abomination.' The world's richest person has been lobbying Republican lawmakers — including making a direct appeal to House Speaker Mike Johnson — to preserve the valuable EV tax credits in the legislation. Separate legislation passed by the Senate attacking California's EV sales mandates poses another $2 billion headwind for Tesla's sales of regulatory credits, according to JPMorgan. Taken together, those measures threaten roughly half of the more than $6 billion in earnings before interest and taxes that Wall Street expects Tesla to post this year, analysts led by Ryan Brinkman said in a May 30 report. Tesla didn't immediately respond to a request for comment. The House-passed tax bill would aggressively phase-out tax credits for the production of clean electricity, and other sources years earlier than scheduled. It also includes stringent restrictions on the use of Chinese components and materials that analysts said would render the credits useless and limits the ability of company's to sell the tax credits to third parties. Tesla's division focused on solar systems and batteries separately criticized the Republican bill for gutting clean energy tax credits, saying that 'abruptly ending' the incentives would threaten US energy independence and the reliability of the power grid. The clean energy and EV policies under threat were largely enacted as part of former President Joe Biden's Inflation Reduction Act. The law was designed to encourage companies to build a domestic supply chain for clean energy and electric vehicles, giving companies more money if they produce more batteries and EVs in the US. Tesla has a broad domestic footprint, including car factories in Texas and California, a lithium refinery and battery plants. With those Biden-era policies in place, US EV sales rose 7.3% to a record 1.3 million vehicles last year, according to Cox Automotive data. --With assistance from Kara Carlson, Keith Laing, Josh Wingrove and Kate Sullivan. (Updates shares, adds Trump, Musk comments starting in the fourth paragraph.) Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Is Elon Musk's Political Capital Spent? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To ©2025 Bloomberg L.P.
