Intuit

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How to know if Intuit is a risky investment without reading the whole internet.

The game is changing. There is a new strategy to evaluate Intuit fundamental value, possible risks and most salient advantages. Investors have traditionally relied in reading large amounts of text to evaluate the fundamental value of a stock or company. However, the development of Artificial Intelligence (AI) tools is modifying the way investments are evaluated in markets. Today, machine learning, natural language processing and bigdata allow making this process automatic, reducing large amounts of text to the elements that have a higher activation in a neural network. We programmed an artificial intelligence that reads the whole internet and the uses natural language processing and vectorizers to summarize the information. Usually, the AI reads several hundred pages and summarize it to a short document. This document presents our results. We found that the most common words in the internet about Intuit are: Intuit, Assist, TurboTax, product, tax, business, QuickBooks, and the …

Concept Map

Semantic Network

Stock Summary

Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals. The Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions. The Consumer.

Today's Summary

Intuit Canada traces its origins to the 1993 acquisition by Intuit of a Canadian tax preparation software developer. Sasan Goodarzi will become Intuit CEO at the beginning of 2019. Intuit shares have rallied 41.6% year to date, outperforming the Zacks Computer and Technology sectors return of 41.3%. Intuit Assist for QuickBooks is a new generative AI-powered financial assistant designed to help your clients succeed. Intuit cut hundreds of jobs and spent at least $20 billion in massive bet on AI.

Today's News

Intuit products include the tax preparation application TurboTax, personal finance app Mint and small business accounting program QuickBooks. Sasan Goodarzi will become Intuit CEO at the beginning of 2019. Intuit Canada traces its origins to the 1993 acquisition by Intuit of a Canadian tax preparation software developer. Intuit acquired WINTAX software, which was renamed QuickTax in 1995 and then renamed TurboTax in 2010. Intuit has lobbied extensively against the IRS providing taxpayers with free pre-filled forms, as is the norm in developed countries. Intuit spent nearly $13 million lobbying, as much as Apple. Intuit will be rolling out an “Intuit Assist’ feature to all of its major product lines, including TurboTax and QuickBooks, building on the development of its own AI operating system. Intuit Assist is embedded across Intuit platform and products, namely TurboTax, Credit Karma, QuickBooks and Mailchimp. The assistant was developed using the companys AI-based proprietary operating system named GenOS. Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. Forward-looking statements are based upon various estimates and assumptions, as well as information known to Intuit as of the date of this press release. Intuit CEO Sasan Goodarzi: Our innovation has been fueled by investments in data and AI. The company has launched Intuit Assist, a new artificial intelligence assistant that can generate personalized answers and insights. Intuit Assist works in TurboTax, QuickBooks and Mailchimp. Small businesses can ask Intuit to do more automated marketing for them. Intuit shares have rallied 41.6% year to date, outperforming the Zacks Computer and Technology sectors return of 41.3%. Intuit is benefiting from strong momentum in online ecosystem revenues and solid professional tax revenues. Intuit expects the integration of the feature to help level the playing field for small and medium-sized enterprises. The assistant is currently available to all TurboTax customers. Intuit recently closed its Fiscal 2023, showcasing strong momentum and record-breaking results. With an enviable track record of record earnings, unwavering revenue growth, and bold dividend hikes, Intuits investment case remains highly compelling. Intuit stands as a shining example of a recession-resistant, growth-oriented stock, making it an attractive choice for investors seeking both stability and potential. Intuit violated Section 5 of the FTC Act by promoting free tax products and services for which many were ineligible. Intuit will appeal the ruling, said Rick Heineman, a spokesperson for the company. Intuits entered into an agreement with all 50 states and the District of Columbia in 2022 to pay $141 million to users. Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. Intuit accused FTC of bias after an administrative law judge ruled the company broke the law by advertising TurboTax as a free service. Intuit said the ruling was expected given the Commissions flawed process. Intuit says the FTCs claims are unfounded and vowed to defend itself against the lawsuit. The ruling follows an FTC staff complaint filed against Intuit in March 2022 that accused the company of deceiving customers by advertising free tax filing for millions of users who did not qualify. Intuit Assist leverages rich customer data with AI to empower consumers and small business owners to make intelligent financial decisions confidently. Intuit CEO Sasan Goodarzi says that with the introduction of Intuit. Intuit Assist for Credit Karma allows Credit Karma members to get highly personalized answers to their money questions. Small businesses can grow and thrive using QuickBooks and Mailchimp to run their business end to end, and engage customers with powerful marketing tools. Intuit Assist is a new, generative-generative-AI financial assistant designed to provide personalized, intelligent recommendations to make smarter money decisions. Intuit Assist will soon help optimize their sales pipeline by automatically drafting email responses to potential customers. Eventually, clients will have the ability to ask Intuit assist to send invoices, surface profitability insights, identify their top-selling products by month.

Stock Profile

"Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProConnect. The Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Online Advanced, a cloud-based solution; QuickBooks Enterprise, a hosted solution; QuickBooks Self-Employed solution; QuickBooks Commerce, a solution for product-based businesses; QuickBooks Online Accountant; and payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state income tax returns. This segment also offers payment-processing solutions, including credit and debit cards, Apple Pay, and ACH payment services; QuickBooks Cash business bank account; and financial supplies and financing for small businesses. The Consumer segment provides TurboTax income tax preparation products and services; and personal finance. The Credit Karma segment offers consumers with a personal finance platform that provides personalized recommendations of home, auto, and personal loans, as well as credit cards and insurance products. The ProConnect segment provides Lacerte, ProSeries, and ProFile desktop tax-preparation software products; and ProConnect Tax Online tax products, electronic tax filing service, and bank products and related services. It sells products and services through various sales and distribution channels, including multi-channel shop-and-buy experiences, websites and call centers, mobile application stores, and retail and other channels. The company was founded in 1983 and is headquartered in Mountain View, California."

Keywords

How much time have you spent trying to decide whether investing in Intuit? Many investors start with the dream of being free. They expect to find on the stock market an option to have time to develop their own interests and hobbies. That is, a way to escape a 9 to 5 job. However, investment is complex and investors end up spending whole days (and nights) trying to figure out which the right stock to invest is. The dream of stock investing becomes the nightmare of facing infinity amounts of information. As a solution, we programmed an artificial intelligence that reads the whole internet and the uses natural language processing and vectorizers to summarize the information. Usually, the AI reads several hundred pages and summarize it to a short document. This document presents our results. We found that the most common words in the internet about Intuit are: Intuit, Assist, TurboTax, product, tax, business, QuickBooks, and the most common words in the summary are: intuit, stock, business, assist, ai, tax, best, . One of the sentences in the summary was: Intuit cut hundreds of jobs and spent at least $20 billion in massive bet on AI.. Other searches related to this term that the AI found were: stockmarketlive, livestock, stockmarketforbeginners, thestockmarket, stockmarkettoday, stockmarkettrading, stockmarketstocks, todaystockmarket, thestockmarket, marketnews, stockmarketnews, whatisstockmarket, usstockmarket, stockmarketopen. #intuit #stock #business #assist #ai #tax #best.