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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A close up of a circuit board, its microchips creating a powerful computing system.
10. Cloudastructure, Inc. Class A Common Stock (NASDAQ:CSAI)
Number of Hedge Fund Holders: N/A
Cloudastructure, Inc. Class A Common Stock (NASDAQ:CSAI) is a cloud-based video surveillance platform that specializes in artificial intelligence (“AI”) and computer vision analytics. On February 12, it was announced that the company had been selected by a leading property management firm to deploy its AI-powered security solutions. The move, made in response to new surveillance compliance regulations in a DC Metro municipality, will allow the property management firm to use Cloudastructure’s innovative cloud surveillance solution across all five of its multifamily communities subject to the new requirements. An increasing number of cities and counties have been introducing new security mandates to ensure prime resident safety and law enforcement support. Cloudastructure’s NextGen AI-powered surveillance solution will not only offer regulations compliance, but will also provide continuous monitoring, real-time alerts, standardized surveillance views, system health checks, advanced search capabilities, and 30-day video storage.
“We are delighted to welcome this respected property management firm to the Cloudastructure family. Their decision to implement our AI-powered security solution reflects a forward-thinking approach to multifamily security—one that prioritizes not only compliance but also operational efficiency and, most importantly, resident safety. In an era where municipalities are introducing stricter surveillance mandates, this firm is leading by example, demonstrating how innovative technology can seamlessly enhance security while supporting law enforcement efforts. By embracing next-generation AI-driven solutions, they are setting a new industry benchmark—one that will undoubtedly inspire other property managers to rethink their approach to safety, compliance, and risk mitigation.”
-Lauren O’Brien, CRO of Cloudastructure.
9. JX Luxventure Group Inc. (NASDAQ:JXG)
Number of Hedge Fund Holders: N/A
JX Luxventure Limited provides tourism services and supplies related products. On February 12, the company announced the launch of “LuxGent”, its proprietary AI-based DeepSeek type chat agent intended to transform customer interactions within its technology products and solutions. This chat agent leverages advanced artificial intelligence technologies that allow users to avail intelligent, personalized assistance. The agent analyzes extensive user behavior data to offer customized product recommendations, efficient self-service order management, and responsive customer support.
“The introduction of LuxGent marks a significant milestone in our commitment to integrating cutting-edge technology into our services. It will bring a more personalized and efficient experience to our end users.”
-Ms. Sun “Ice” Lei, Chief Executive Officer of the Company.
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