Intuit is betting its 40 years of small business data can outlast the SaaSpocalypse
Intuit has lost more than 40% of its market cap since the beginning of the year. It's not alone. Many established SaaS players have seen their stock prices fall in recent months, including Adobe and IBM — the latter experiencing its most significant one-day drop (roughly $40 billion) with Anthropic's announcement that Claude could now read, analyze and translate legacy COBOL into modern languages like Java and Python. The market has a name for it: the SaaSpocalypse.The argument from investors and market watchers: AI agents can now do bookkeeping, file taxes and reconcile accounts — without a human ever touching software. For instance, instead of a human using QuickBooks to categorize transactions, Claude Cowork can access financial data, apply tax logic and autonomously prepa [...]
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Intuit learned to build AI agents for finance the hard way: Trust lost in buckets, earned back in spoonfuls
Building AI for financial software requires a different playbook than consumer AI, and Intuit's latest QuickBooks release provides an example.The company has announced Intuit Intelligence, a syst [...]
Intuit's AI agents hit 85% repeat usage. The secret was keeping humans involved
When Intuit shipped AI agents to 3 million customers, 85% came back. The reason, according to the company's EVP and GM: combining AI with human expertise turned out to matter more than anyone exp [...]
Intuit is integrating its tax and accounting products with ChatGPT
The financial software company Intuit has signed a nine-figure deal with OpenAI which will allow customers to use its various services within ChatGPT. Intuit’s apps include Intuit Turbo Tax, Credit [...]
Intuit compressed months of tax code implementation into hours — and built a workflow any regulated-industry team can adapt
When the One Big Beautiful Bill arrived as a 900-page unstructured document — with no standardized schema, no published IRS forms, and a hard shipping deadline — Intuit's TurboTax team had a [...]
IBM is up 30% in a month as Barclays says its software business is the antidote to the SaaSpocalypse
IBM stock surged 10% on Monday after Barclays initiated coverage with an overweight rating and a $350 price target, roughly 11% above the opening price. The jump extends a run that has seen IBM gain n [...]
