Intuit’s AI Ambition: A High-Stakes Bet on Generative Intelligence

Intuit’s strategic direction was laid out in detail by CEO Sasan Goodarzi during a recent UBS conference appearance, placing the company’s artificial intelligence initiatives squarely in the investor spotlight. The core of this vision is a transformation into an “AI-driven expert platform,” heavily reliant on a newly announced $100 million partnership with OpenAI.

As this AI roadmap takes shape, recent 13F filings reveal a divergence in sentiment among major institutional players. On one side, Norges Bank demonstrated substantial long-term conviction by initiating a new position of approximately 4.15 million shares, valued at around $3.27 billion. Conversely, Fisher Asset Management adopted a more cautious stance, trimming its holding by Read more...