All posts tagged: Intuit

Intuit compressed months of tax code implementation into hours — and built a workflow any regulated-industry team can adapt

Intuit compressed months of tax code implementation into hours — and built a workflow any regulated-industry team can adapt

Published by skeptic

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 question: could AI compress a months-long implementation into days without sacrificing accuracy? What they built to do it is less a tax story than a template, a workflow combining commercial AI tools, a proprietary domain-specific language and a custom unit test framework that any domain-constrained development team can learn from. Joy Shaw, director of tax at Intuit, has spent more than 30 years at the company and lived through both the Tax Cuts and Jobs Act and the OBBB. “There was a lot of noise in the law itself and we were able to pull out the tax implications, narrow it down to the individual tax provisions, narrow it down to our customers,” Shaw told VentureBeat. “That kind of distillation was really fast using the tools, and then enabled us to start coding even before we got forms and instructions in.” How the …

Intuit is betting its 40 years of small business data can outlast the SaaSpocalypse

Intuit is betting its 40 years of small business data can outlast the SaaSpocalypse

Published by skeptic

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 prepare documents. Rather than using TurboTax, agentic AI tools can handle complex tax logic and even file taxes. In lieu of QuickBooks, automated agents can handle multi-step bookkeeping tasks (like lining up receipts). Why investors are repricing SaaS Intuit has been among the hardest-hit, with its market capitalization now sitting at …

Intuit Art Museum in Chicago Gifted Trove of Artworks

Intuit Art Museum in Chicago Gifted Trove of Artworks

Published by Jenni Sidey

To receive Morning Links in your inbox every weekday, sign up for our Breakfast with ARTnews newsletter. The Headlines BAILEY’S BEQUEST. The Intuit Art Museum (IAM) in Chicago, one of the country’s top museums dedicated to self-taught artists, has been gifted 61 works through two donations, reports The Art Newspaper. The largest of the two, numbering 47 pieces, comes from the estate of late Chicago collector and founding supporter of the museum, Jan Petry (1939-2024). The second comes from the Los Angeles-based scholar and African American art collector Gordon W. Bailey. The gifts will help the museum’s goal to exhibit more works by women artists of color, and “bring new artists’ stories into our galleries,” said Debra Kerr, president and chief executive of the museum. Emery Blagdon, James Castle, Ulysses Davis, Sybil Gibson, and Mose Tolliver are just some the artists whose works will be added to the museum’s collection. LADDER TO LIBERTY. The Merchant’s House Museum in New York’s NoHo neighborhood has been hiding a secret for centuries, writes ARTnews. The preserved, historic Manhattan home appears to have once served as a refuge for fleeing slaves. …

This AI Model Can Intuit How the Physical World Works

This AI Model Can Intuit How the Physical World Works

Published by skeptic

The original version of this story appeared in Quanta Magazine. Here’s a test for infants: Show them a glass of water on a desk. Hide it behind a wooden board. Now move the board toward the glass. If the board keeps going past the glass, as if it weren’t there, are they surprised? Many 6-month-olds are, and by a year, almost all children have an intuitive notion of an object’s permanence, learned through observation. Now some artificial intelligence models do too. Researchers have developed an AI system that learns about the world via videos and demonstrates a notion of “surprise” when presented with information that goes against the knowledge it has gleaned. The model, created by Meta and called Video Joint Embedding Predictive Architecture (V-JEPA), does not make any assumptions about the physics of the world contained in the videos. Nonetheless, it can begin to make sense of how the world works. “Their claims are, a priori, very plausible, and the results are super interesting,” says Micha Heilbron, a cognitive scientist at the University of …