The post ChatGPT Adds TurboTax In $100 Million Deal appeared on BitcoinEthereumNews.com. Topline Tax software provider Intuit on Tuesday announced it would pay OpenAI more than $100 million annually to integrate its financial apps with ChatGPT, marking the latest deal in recent months to combine widely used applications with the chatbot. The popular chatbot has integrated several applications in similar deals in recent months, including PayPal, Walmart and Spotify. getty Key Facts Intuit’s multiyear partnership with OpenAI allows the ChatGPT maker’s models to power AI agents across Intuit’s platforms, including TurboTax, Credit Karma and Mailchimp, which will each be accessible through ChatGPT, the companies said in a statement. ChatGPT users will be able to ask questions and complete tasks like estimating tax refunds, reviewing credit options, or managing business finances, the companies said, and Intuit’s apps will be able to access financial data to generate responses and complete tasks like sending marketing messages. The deal also covers Intuit’s use of ChatGPT Enterprise, which Intuit said is used to support employee workflows. Shares of Intuit rose more than 2% to around $660 as trading opened Tuesday, adding roughly $4 billion to the company’s market cap ($184 billion). Key Background OpenAI CEO Sam Altman announced last month the company’s ChatGPT would provide direct access to third-party apps while using the chatbot. Altman said at the time a ChatGPT user could ask the chatbot to create a playlist for a party or receive music recommendations through Spotify, or request a specific style of home in a neighborhood through Zillow. Other third-party apps have since inked deals to integrate with ChatGPT, including PayPal, which said it would allow users to pay for items found through the chatbot, and Walmart, which said it would allow shoppers to buy items directly through ChatGPT. Those deals are expected to add significant value to OpenAI’s revenue: Altman estimated annualized revenue… The post ChatGPT Adds TurboTax In $100 Million Deal appeared on BitcoinEthereumNews.com. Topline Tax software provider Intuit on Tuesday announced it would pay OpenAI more than $100 million annually to integrate its financial apps with ChatGPT, marking the latest deal in recent months to combine widely used applications with the chatbot. The popular chatbot has integrated several applications in similar deals in recent months, including PayPal, Walmart and Spotify. getty Key Facts Intuit’s multiyear partnership with OpenAI allows the ChatGPT maker’s models to power AI agents across Intuit’s platforms, including TurboTax, Credit Karma and Mailchimp, which will each be accessible through ChatGPT, the companies said in a statement. ChatGPT users will be able to ask questions and complete tasks like estimating tax refunds, reviewing credit options, or managing business finances, the companies said, and Intuit’s apps will be able to access financial data to generate responses and complete tasks like sending marketing messages. The deal also covers Intuit’s use of ChatGPT Enterprise, which Intuit said is used to support employee workflows. Shares of Intuit rose more than 2% to around $660 as trading opened Tuesday, adding roughly $4 billion to the company’s market cap ($184 billion). Key Background OpenAI CEO Sam Altman announced last month the company’s ChatGPT would provide direct access to third-party apps while using the chatbot. Altman said at the time a ChatGPT user could ask the chatbot to create a playlist for a party or receive music recommendations through Spotify, or request a specific style of home in a neighborhood through Zillow. Other third-party apps have since inked deals to integrate with ChatGPT, including PayPal, which said it would allow users to pay for items found through the chatbot, and Walmart, which said it would allow shoppers to buy items directly through ChatGPT. Those deals are expected to add significant value to OpenAI’s revenue: Altman estimated annualized revenue…

ChatGPT Adds TurboTax In $100 Million Deal

2025/11/19 02:57

Topline

Tax software provider Intuit on Tuesday announced it would pay OpenAI more than $100 million annually to integrate its financial apps with ChatGPT, marking the latest deal in recent months to combine widely used applications with the chatbot.

The popular chatbot has integrated several applications in similar deals in recent months, including PayPal, Walmart and Spotify.

getty

Key Facts

Intuit’s multiyear partnership with OpenAI allows the ChatGPT maker’s models to power AI agents across Intuit’s platforms, including TurboTax, Credit Karma and Mailchimp, which will each be accessible through ChatGPT, the companies said in a statement.

ChatGPT users will be able to ask questions and complete tasks like estimating tax refunds, reviewing credit options, or managing business finances, the companies said, and Intuit’s apps will be able to access financial data to generate responses and complete tasks like sending marketing messages.

The deal also covers Intuit’s use of ChatGPT Enterprise, which Intuit said is used to support employee workflows.

Shares of Intuit rose more than 2% to around $660 as trading opened Tuesday, adding roughly $4 billion to the company’s market cap ($184 billion).

Key Background

OpenAI CEO Sam Altman announced last month the company’s ChatGPT would provide direct access to third-party apps while using the chatbot. Altman said at the time a ChatGPT user could ask the chatbot to create a playlist for a party or receive music recommendations through Spotify, or request a specific style of home in a neighborhood through Zillow. Other third-party apps have since inked deals to integrate with ChatGPT, including PayPal, which said it would allow users to pay for items found through the chatbot, and Walmart, which said it would allow shoppers to buy items directly through ChatGPT. Those deals are expected to add significant value to OpenAI’s revenue: Altman estimated annualized revenue will hit $20 billion by the end of 2025 before growing to “hundreds of billions” by 2030, with plans to spend $1.4 trillion on AI infrastructure.

Read More

Source: https://www.forbes.com/sites/tylerroush/2025/11/18/intuit-will-pay-openai-100-million-in-deal-combining-turbotax-and-chatgpt/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

China Launches Cross-Border QR Code Payment Trial

China Launches Cross-Border QR Code Payment Trial

The post China Launches Cross-Border QR Code Payment Trial appeared on BitcoinEthereumNews.com. Key Points: Main event involves China initiating a cross-border QR code payment trial. Alipay and Ant International are key participants. Impact on financial security and regulatory focus on illicit finance. China’s central bank, led by Deputy Governor Lu Lei, initiated a trial of a unified cross-border QR code payment gateway with Alipay and Ant International as participants. This pilot addresses cross-border fund risks, aiming to enhance financial security amid rising money laundering through digital channels, despite muted crypto market reactions. China’s Cross-Border Payment Gateway Trial with Alipay The trial operation of a unified cross-border QR code payment gateway marks a milestone in China’s financial landscape. Prominent entities such as Alipay and Ant International are at the forefront, participating as the initial institutions in this venture. Lu Lei, Deputy Governor of the People’s Bank of China, highlighted the systemic risks posed by increased cross-border fund flows. Changes are expected in the dynamics of digital transactions, potentially enhancing transaction efficiency while tightening regulations around illicit finance. The initiative underscores China’s commitment to bolstering financial security amidst growing global fund movements. “The scale of cross-border fund flows is expanding, and the frequency is accelerating, providing opportunities for risks such as cross-border money laundering and terrorist financing. Some overseas illegal platforms transfer funds through channels such as virtual currencies and underground banks, creating a ‘resonance’ of risks at home and abroad, posing a challenge to China’s foreign exchange management and financial security.” — Lu Lei, Deputy Governor, People’s Bank of China Bitcoin and Impact of China’s Financial Initiatives Did you know? China’s latest initiative echoes the Payment Connect project of June 2025, furthering real-time cross-boundary remittances and expanding its influence on global financial systems. As of September 17, 2025, Bitcoin (BTC) stands at $115,748.72 with a market cap of $2.31 trillion, showing a 0.97%…
Share
BitcoinEthereumNews2025/09/18 05:28