But let's talk about what's happening with the Telstra Group Ltd (ASX: TLS) share price.

Investors have left Telstra shares behind today. Although the ASX 200 has risen, the Telstra share price is nursing a hefty 0.98% loss and is currently down to $4.03 a share. That's after the ASX 200 telco closed at $4.07 yesterday afternoon and opened at $4.06 this morning.

This fall in the Telstra share price comes despite a major development out of the telco this Wednesday.

Telstra makes historic AI investment

As reported by The Sydney Morning Herald, Telstra is primed to announce a new $700 million deployment of new artificial intelligence (AI) technology across its business.

The telco will reportedly partner with international tech and AI giant Accenture plc (NYSE: ACN) for this joint venture. It will see Telstra spend $100 million per year for seven years, along with potentially additional investments from Accenture. However, Accenture is set to own a 60% stake in the joint venture.

It will see Telstra reportedly consolidate 18 current data and AI providers down to two. It will also build "specialised AI tools for its teams to 'work smarter and faster'".

This is big news for an ASX share as it reportedly represents the largest investments in AI technology by an Australian public company.

Here's some of what Telstra CEO Vicky Brady had to say on this announcement:

We've made strong progress on our AI goals and already have hundreds of value-driving AI use-cases across the business…

But our data and AI ambition goes well beyond introducing AI tools … From building self-healing, resilient networks to reinventing experiences for our customers and the way we work, AI will help power an exciting, connected future.

Telstra share price snapshot

Telstra investors might be a little disappointed that today's revelations don't seem to be exciting the market. After all, Telstra shares have had a rough time of late. The ASX 200 telco is up just 1.5% over the past 12 months, a period that has seen the ASX 200 Index gain a far rosier 9.9%:

At the current Telstra share price, this blue-chip stock is trading on a dividend yield of 4.44%.

The post Telstra share price slumps despite record $700 million AI investment appeared first on The Motley Fool Australia.

That's because ETFs remove the need to pick stocks and instead give you a slice of a group of shares. In some cases this can be hundreds or even thousands of stocks in one fell swoop.

But which ASX ETFs could be quality options for a $5,000 investment in July? Let's take a look at three funds that could be quality additions to a portfolio. They are as follows:

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Many investors see Warren Buffett as a role model when it comes to investing. And it isn't hard to see why. The Oracle of Omaha has beaten the market by a large margin over multiple decades.

This has been underpinned by Buffett's focus on buying companies with wide moats and fair valuations. Well, the good news is that the VanEck Vectors Morningstar Wide Moat ETF has been designed around this focus.

It focuses on investing in high quality companies with sustainable competitive advantages (wide moats) and fair valuations. And with this ASX ETF smashing the market over the last decade, this tried and tested strategy continues to deliver the goods for investors.

Betashares Global Cash Flow Kings ETF (ASX: CFLO)

Another ASX ETF that could be a good option for your hard-earned money is the Betashares Global Cash Flow Kings ETF.

Betashares highlights that this ETF could serve as a core exposure to global equities or alongside existing low-cost passive global ETFs to enhance a portfolio's emphasis on cash-generating companies. So much so, it has recently named it as one to consider buying when interest rates start to fall.

It focuses on global companies with strong free cash flow, which could be a very good thing. Betashares notes that companies that generate high levels of free cash flow historically have tended to outperform broad global equity benchmarks over the medium to long term.

Among its holdings are Google parent Alphabet (NASDAQ: GOOG), payments giant Visa (NYSE: V), and cyber security leader Accenture (NYSE: ACN).

Vanguard All-World ex-U.S. Shares Index ETF (ASX: VEU)

Finally, the Vanguard All-World ex-U.S. Shares Index ETF could be a good option for a $5,000 investment.

It offers investors access to a whopping ~3,500 companies listed in developed and emerging markets across the globe. However, as its name indicates, it excludes companies from the United States.

This means it could be a good complement to popular US-centric ETFs, if you already own them.

Among this ASX ETF's holdings are companies such as HSBC Holdings, LVMH Moet Hennessy Louis Vuitton, Samsung, and Taiwan Semiconductor.

The post Where to invest $5,000 into ASX ETFs in July appeared first on The Motley Fool Australia.