Intuit Surges Over 5% in Premarket Trading Following Multi-Year Partnership with Anthropic

Stock News02-24 22:19

Intuit (INTU.US) shares rose more than 5% in premarket trading on Tuesday, reaching $378.46. The increase follows the announcement of a multi-year, industry-transforming partnership between Intuit and Anthropic. The collaboration aims to develop customized AI agents for medium-sized businesses on the Intuit platform and deliver highly personalized service experiences for individual consumers and various enterprises, regardless of whether users are operating within the Intuit ecosystem or Anthropic's product environment.

Intuit's Chief Technology Officer, Alex Balazs, stated that the partnership is groundbreaking. He emphasized that by combining Intuit's proprietary data and financial expertise with Anthropic's secure, accurate, and compliant AI models, including the powerful Claude system, the companies will create customized AI agents capable of understanding a client's financial situation, business processes, and industry. These agents will be able to take actionable steps on behalf of users. The ultimate goal is to provide trustworthy and practical financial tools that offer everyone an opportunity for growth.

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