Intuit to lay off over 3k employees to refocus on AI(techcrunch.com) |
Intuit to lay off over 3k employees to refocus on AI(techcrunch.com) |
> "None of it had to do with AI," Goodarzi told CNBC's Jim Cramer on "Mad Money." "Everything was about how do we become more effective."
https://www.cnbc.com/2026/05/20/intuit-ceo-says-companys-17p...
That said, Intuit's actual business model is convincing millions of people that their taxes are so complicated they need to spend $60 on a program that is just copy-pasting numbers from one document to another.
Edit: To be clear, as a sibling post said, the basic arithmetic is easy enough. It's the tax opinion stuff that is absolutely not deterministic. If your situation is even moderately complex, there's a vast number of ways to describe your deductions, each with different tax implications and multi-year requirements. I'm not talking about being Jeff Bezos, either. Is your spouse an independent contractor? Do you own a home? Do you have stock options? Do you have a home office? These alone are enough to make some pretty creative reporting situations.
Also, yes the actual arithmetic at the end should be handled by deterministic code. I doubt anyone, including Intuit, thinks otherwise. But there's a ton of uses for LLMs before you get to 2+2 = 4, explaining concepts, document extraction, understanding the full financial picture, etc.
Kind of feels like you're criticizing a cartoonish idea of AI's place in their products.
If there aren't humans involved in tax filing, the process of moving from private-entities-are-needed-to-do-your-taxes to the-government-can-figure-out-your-taxes becomes politically easier as we won't be taking jobs away from families.
We got somewhat close to this ideal before Trump Round 2, so ideally eight years of a more normal admin will be enough.