TurboTax gets an AI upgrade as Intuit inks major deal with OpenAI

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What’s happening with crypto?Want someone to change their behavior? Psychology says nagging doesn’t work, but this mind trick doesThe tax software giant Intuit just struck a new deal with OpenAI that will weave AI deeply into its portfolio of financial apps, including the ones many Americans use to file their taxes.In the multiyear deal, Intuit will pay ChatGPT maker OpenAI more than $100 million annually to implement its artificial intelligence models across products like TurboTax, personal finance manager Credit Karma, email marketing platform Mailchimp, and the accounting tool QuickBooks. Through the partnership, Intuit’s products will also become accessible directly through ChatGPT—the latest lucrative business integration for OpenAI.“We are taking a massive step forward to fuel financial success for consumers and businesses, unlocking growth for both companies,” Intuit CEO Sasan Goodarzi said. “Our partnership combines the power of Intuit’s proprietary financial data, credit models, and AI platform capabilities with OpenAI’s scale and frontier models to give users the financial advantage they need to prosper.”Intuit owns a big swath of the financial software market, and all of those apps will be popping up in ChatGPT soon to steer users toward personalized recommendations for credit cards and loans and to answer their tax and personal finance questions.Intuit has been gravitating toward AI for a while now. Late last year, the company introduced AI-powered features into QuickBooks, inviting its users to automate rote, time-consuming tasks like sending invoices. Intuit insisted that it was being intentional about its implementation of AI, particularly given the rush for every business to boast about its AI capabilities.“The idea is not to just have random sprinkles of AI across the product,” Dave Talach, Intuit senior vice president of the QuickBooks platform, told Fast Company at the time. “We’ve been thoughtful about approaching AI, not just for the sake of AI, but we want it to show up in a cohesive way in the product that is coherent to the customer.”In June, QuickBooks released a set of AI agents for QuickBooks designed to get familiar with a company’s business and operations, taking over tasks to speed up bookkeeping and accounting. At the time, Intuit CEO Goodarzi emphasized that the company moved deliberately in building out its AI because it knows that missteps and inaccuracies are high stakes for the financial tools its customers rely on. “If it screws up, it’s a big problem,” he told Fast Company.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,752.75 +91.25 (+1.37%)Dow Futures46,525.00 +317.00 (+0.69%)Nasdaq Futures25,183.50 +461.75 (+1.87%)Russell 2000 Futures2,378.20 +23.30 (+0.99%)VIX23.66 -1.03 (-4.17%)Gold4,061.40 -21.40 (-0.52%)PortfolioSign in to access your portfolioSign inTop gainersNUVB Nuvation Bio Inc. 7.15 +2.35 (+48.96%)EXAS Exact Sciences Corporation 86.18 +16.50 (+23.68%)AMTM Amentum Holdings, Inc. 25.52 +3.73 (+17.12%)PACS PACS Group, Inc. 16.83 +2.40 (+16.63%)TMDX TransMedics Group, Inc. 133.47 +16.40 (+14.01%)Top losersWIX Wix.com Ltd. 101.70 -25.22 (-19.87%)DGNX Diginex Limited 13.46 -2.74 (-16.91%)QFIN Qfin Holdings, Inc. 19.23 -3.19 (-14.23%)ES Eversource Energy 65.26 -9.28 (-12.45%)POWL Powell Industries, Inc. 285.29 -36.10 (-11.23%)Most activePLUG Plug Power Inc. 1.9000 -0.2400 (-11.22%)NVDA NVIDIA Corporation 186.52 +5.16 (+2.85%)ONDS Ondas Holdings Inc. 7.50 -0.34 (-4.34%)OPEN Opendoor Technologies Inc. 6.69 -0.83 (-11.04%)ABEV Ambev S.A. 2.4700 -0.0600 (-2.37%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersNVDA NVIDIA Corporation 186.52 +5.16 (+2.85%)AVGO Broadcom Inc. 354.42 +13.92 (+4.09%)ETH-USD Ethereum USD 3,187.77 -11.34 (-0.35%)CRWV CoreWeave, Inc. 74.92 +0.02 (+0.03%)GOOG Alphabet Inc. 292.99 +8.03 (+2.82%)Top economic events