A number of stocks jumped in the afternoon session after comments from a key Federal Reserve official bolstered hopes for an interest rate cut. The positive sentiment followed comments from New York Federal Reserve President John Williams, a voting member of the rate-setting Federal Open Market Committee (FOMC), who indicated he sees room for further…
Intuit has announced a multi-year, strategic partnership with OpenAI to develop branded finance apps that can be accessed directly within ChatGPT, a deal worth over $100 million. “We are taking a massive step forward to fuel financial success for consumers and businesses, unlocking growth for both companies,” said Sasan Goodarzi, CEO of Intuit, in a…
Intuit announced Tuesday that it has struck a multiyear deal with OpenAI that will bring together Intuit’s lineup of financial apps—TurboTax, Credit Karma, Mailchimp, and QuickBooks—with ChatGPT to deliver personalized and actionable financial insights and recommendations. Intuit will pay ChatGPT maker OpenAI more than $100 million annually to implement its artificial intelligence models across its…
By Jaspreet Singh (Reuters) -Intuit forecast first-quarter revenue growth below analysts’ estimates on Thursday, hit by sluggish performance at its marketing platform Mailchimp, sending the shares down nearly 6% in extended trading. The company provides products such as tax-preparation software TurboTax, personal finance portal Credit Karma and accounting software QuickBooks. Mailchimp, acquired in 2021 and…
The foundations of Microsoft’s co-founder Bill Gates and former CEO Steve Ballmer will work together on a new initiative. Photo by Orjan F. Ellingvag/Dagens Naringsliv/Corbis via Getty Images Five of the world’s wealthiest individuals are backing a new philanthropic coalition aimed at improving the lives of low-income Americans and frontline workers. Over the next 15…