Intuit rises after announcing $100 million OpenAI partnership
Shares of Intuit INTU.O rise 2.8% at $664 premarket after the TurboTax maker announces multi-year $100 million partnership with OpenAI
Co says partnership aims to allow ChatGPT users to take secure financial actions through Intuit-powered apps
Intuit says the deal will merge its financial data and AI tools with OpenAI’s models to deliver personalized insights and recommendations
Consumers will be able to estimate tax refunds, improve credit scores, and access tailored financial products; businesses can boost profitability, send AI-generated invoice reminders and access loan options — all within ChatGPT, co says
Intuit will deepen its use of OpenAI’s frontier models in its proprietary generative AI operating system under the new contract
INTU shares up 2.78% YTD, as of last close
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