Intuit (INTU) Stock Rises on $100M+ OpenAI Deal to Bring TurboTax and QuickBooks Into ChatGPT
Intuit announced a multi-year partnership with OpenAI, signing a contract worth over $100 million to integrate OpenAI’s models into its AI platform and products. TurboTax, QuickBooks, Credit Karma, and Mailchimp will be available as apps inside ChatGPT. Intuit shares rose about 1% to $652.98 after the news. Large investors, including Nomura Asset Management, increased their stakes following the announcement.