US EditionPublished • loading... • Updated
Intuit Strikes $100 Million Deal to Integrate OpenAI Models Into Financial Tools
Intuit will integrate TurboTax, Credit Karma, QuickBooks, and Mailchimp with ChatGPT using a $100M deal to enhance AI-powered financial and tax services.
- On Tuesday, Intuit signed a multiyear contract worth more than $100 million with OpenAI to integrate TurboTax, Credit Karma, QuickBooks, and Mailchimp into ChatGPT.
- Intuit has been expanding its AI use in recent years and introduced Intuit Assist in 2023 to automate its small-business and consumer finance tools, while planning deeper integration with ChatGPT and OpenAI’s models.
- With users' permission, Intuit’s apps can access financial data inside its ecosystem to generate responses and take actions, while Bruce Chan said they use validation methods and domain-specific datasets to reduce hallucinations.
- Shares of Intuit rose more than 2% on Tuesday, adding roughly $4 billion to its $184 billion market cap, while the deal adds a major finance partner and revenue stream for OpenAI and covers Intuit’s internal use of ChatGPT Enterprise.
- Consumers and small businesses may gain personalized financial insights through Intuit’s financial apps, part of a broader ChatGPT appification trend including PayPal, Walmart, and Spotify, raising privacy and safety concerns.
Insights by Ground AI
20 Articles
20 Articles
Intuit strikes $100 million deal to integrate OpenAI models into financial tools
Intuit said on Tuesday it has signed a multi-year deal worth more than $100 million with OpenAI to use the ChatGPT maker’s artificial intelligence models to power AI agents across its apps such as tax-preparation software TurboTax.Read MoreThe post Intuit strikes $100 million deal to integrate OpenAI models into financial tools first appeared on The Who Dat Daily.
·United Kingdom
Read Full ArticleCoverage Details
Total News Sources20
Leaning Left5Leaning Right0Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 45%
C 55%
Factuality
To view factuality data please Upgrade to Premium
