Core Insights - Intuit Inc is entering the fiscal first quarter with strong momentum in its QuickBooks and TurboTax Live products, despite economic pressures affecting lower-income consumers [1][3] - The company aims for 20% annual revenue growth by 2030, focusing on artificial intelligence integration to drive this expansion [2][5] - Analyst Mark R. Murphy maintains an Overweight rating on Intuit, with a price target of $750, indicating confidence in the company's long-term fundamentals [2][3] Group 1: Financial Performance and Projections - Intuit's QuickBooks franchise is highlighted as a key strength, benefiting from strong product-market fit and increased adoption by larger businesses [4] - For the upcoming quarter, projected revenue is $3.76 billion with adjusted EPS of $3.11, although the first quarter typically contributes less than 5% of TurboTax's annual revenue [8] - Web-traffic data shows mixed signals, with improvements at Mailchimp and Credit Karma, but softer trends for TurboTax and QuickBooks [8] Group 2: Market Conditions and Strategic Outlook - The macroeconomic environment is challenging, with declining consumer sentiment and rising credit card delinquencies, yet Intuit's subscription-based revenue model for QuickBooks provides some resilience [6] - Credit Karma may experience more volatility due to its dependence on consumer financial activity [6] - Intuit's long-term strategy includes a focus on AI integration and a goal of returning Mailchimp to double-digit growth by the end of fiscal 2026 [7]

Core Insights - Intuit and OpenAI have established a multi-year partnership to enhance financial intelligence within ChatGPT, enabling users to access Intuit applications directly from the platform [1][2] - The collaboration aims to integrate Intuit's financial expertise with OpenAI's machine learning capabilities to provide tailored financial solutions for both individuals and businesses [2][6] Individual User Features - Users will have access to tools for making informed financial decisions, such as finding suitable credit cards, personal loans, or mortgages based on their financial profiles [3] - Additional features include receiving tax-related responses, estimating tax refunds, booking appointments with AI-assisted tax professionals, and managing finances more efficiently [3] Business User Features - Businesses will benefit from insights derived from live business data, allowing them to design customer campaigns, issue AI-generated payment reminders, explore loan options, and maintain accounting records automatically [4][5] - Intuit plans to leverage OpenAI's advanced models within its generative AI operating system (GenOS) to enhance various financial services [4] Strategic Importance - The partnership is valued at over $100 million and is expected to significantly advance Intuit's capabilities in financial services, driving growth for both companies [4][5] - Intuit's CEO emphasized the partnership as a major step towards enhancing financial success for consumers and businesses [5]

Group 1: Peru's Agricultural Exports - The U.S. government has exempted over 200 products from "reciprocal tariffs," with approximately 100 of these being Peruvian agricultural exports, including avocados, coffee, cocoa, mangoes, ginger, lemons, oranges, and natural juices [1][2] - In 2024, these products are expected to generate around $1.2 billion in exports to the U.S., accounting for 24% of Peru's total exports to the U.S. [1] - The exemption will allow nearly 50% of Peru's exports to the U.S. to benefit from tariff relief, enhancing competitive market access for Peruvian producers [2] Group 2: Japan's Long-term Bonds - Japan's long-term bonds have seen a significant decline due to increasing concerns over the country's fiscal situation, coinciding with expectations of an upcoming economic stimulus plan [3][4] - The yield on Japan's 20-year bonds has surged to its highest level since 1999, with the 30-year and 40-year bond yields also rising [4] - Investors are cautious about the scale of the government's economic stimulus plan, which may lead to increased bond issuance and potential market stability risks [5] Group 3: Southeast Asia's Economic Slowdown - Four out of six major Southeast Asian economies reported a slowdown in GDP growth for the third quarter, primarily due to weak manufacturing output and low household consumption [6][7] - Thailand's GDP growth fell to 1.2% year-on-year, the lowest in nearly four years, with manufacturing output declining for the first time in six quarters [6][7] - Other countries like Singapore, the Philippines, and Indonesia also experienced varying degrees of GDP growth slowdown, with Indonesia's growth at 5.04% and the Philippines at 4.0% [8][9] Group 4: Global Hunger Crisis - The United Nations World Food Programme has warned of an escalating global hunger crisis due to significant cuts in humanitarian aid funding, with an estimated 318 million people facing severe hunger in 2024 [11][12] - The WFP plans to assist only about 110 million of the most vulnerable populations in 2026, with a budget of $13 billion, although actual funding is expected to be only half of this amount [13] - The WFP has called for increased support from governments and donors to effectively address hunger and achieve the "zero hunger" goal [17][18] Group 5: Taiwan's AI Investment - Taiwan is advancing a plan to invest approximately NT$100 billion (around $3.2 billion) to develop its AI industry, aiming to establish itself as an "AI island" [19][20] - The investment will focus on ten key AI projects, with a goal to create NT$7 trillion in added value by 2028 and NT$15 trillion by 2040 [20][21] - Key technologies targeted for enhancement include silicon photonics, quantum computing, and AI robotics, with plans to establish dedicated research centers [22] Group 6: Google's Investment in Texas - Google announced a $40 billion investment in Texas by 2027 to build new cloud and AI infrastructure, which will create thousands of jobs and support community energy efficiency programs [24] - The investment includes the establishment of new data center parks in Armstrong County and Haskell County, with a commitment to responsibly expand infrastructure [24] Group 7: Strategic Partnerships in AI - Microsoft, NVIDIA, and Anthropic have formed a strategic partnership involving a $15 billion investment and a $30 billion order for computing resources, significantly expanding the accessibility of Anthropic's AI models [25][26] - This collaboration will optimize Anthropic's models for performance and efficiency, with a focus on deploying them across major cloud services [27][28] Group 8: Automotive Industry Developments - BYD plans to double its sales network in Europe by the end of 2025, aiming for 1,000 sales points as part of its strategy to expand in the European market [65][66] - Geely and Renault have launched a joint venture in Brazil, investing 3.8 billion reais (approximately 5.1 billion yuan) to localize new energy vehicle production [69][70] - BMW is accelerating the localization of its intelligent driving technology in China, with plans to launch a new generation of smart driving assistance systems in 2026 [71][72]

So, OpenAI and into it are looking to turn ChateBT into a full-fledged tax and finance advisor, a striking pivot for a software company that's choosing to partner with the disruptor before it risks getting disrupted itself. So, INT just signed a multi-year $100 million plus deal to run its products on OpenAI's newest models and bring in it powered tools directly into chat GBT. The contract deepens into its use of OpenAI's tech, but it's the in chat GBT integration that's the real shift here because for the ...

AI can do your taxes now—sort of. Most Read from Fast Company The 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 accou ...

Core Insights - Intuit has entered into a multiyear agreement with OpenAI, committing over $100 million to utilize OpenAI's large language models to enhance its financial products [1] - Intuit's stock rose by 3% following the announcement of the partnership [1] Group 1: Partnership Details - The collaboration will integrate OpenAI's ChatGPT with Intuit's services, allowing TurboTax users to securely link their accounts and receive guidance on tax and financial actions [2] - Users will have the ability to authorize Intuit to access relevant data, providing personalized results such as tax refund estimates and QuickBooks insights based on real-time business activities [3] Group 2: Strategic Implications - For OpenAI, this partnership represents a significant addition to its finance sector collaborations, contributing to its revenue and supporting its strategy to expand ChatGPT's application across various industries [4] - OpenAI has previously formed similar partnerships with companies like PayPal, Shopify, and Walmart, focusing on integrating financial functionalities into ChatGPT [5]

TurboTax maker Intuit has launched a partnership with artificial intelligence (AI) startup OpenAI.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The collaboration, announced Tuesday (Nov. 18), will let users of Op ...

Core Insights - Proactive provides fast, accessible, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, mining, oil and gas, and emerging technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Dear Reader,I am a Senior Derivatives Expert with over 10 years of experience in the field of Asset Management, specializing in equity analysis and research, macroeconomics, and risk-managed portfolio construction. My professional background covers both institutional and private client asset management, where I have advised on and implemented multi-asset strategies, but highly focusing on equities and derivatives.As you might be as well, I am a stock market enthusiast. My core passion lies in understanding ...

Intuit Will Pay OpenAI $100 Million In Deal Combining TurboTax And ChatGPThttps://t.co/rrp90dACmK https://t.co/dKxN43auWx ...