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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
It's been almost one year since Intuit shut down the popular budgeting app Mint. I was a Mint user for many years; millions of other users like me enjoyed how easily Mint allowed us to track all [...]
The age of agentic AI is upon us — whether we like it or not. What started with an innocent question-answer banter with ChatGPT back in 2022 has become an existential debate on job security and the [...]