04-02-2023, 05:43 AM
$INTU (Intuit - TurboTax) is in trouble
<!-- SC_OFF --><div class="md"><p>This year, I used both ChatGPT and TurboTax to file my taxes and I compared the results.</p> <p>ChatGPT was by far easier to use. A lot of times TurboTax is a black box that doesn't explain what it's doing well enough, whereas ChatGPT would give me really detailed information that satisfied my doubts and curiosity.</p> <p>The final results were exactly the same. I don't have complex tax filings, so TurboTax might be better for those situations, or might not be (someone should test it out).</p> <p>Maybe Intuit will start integrating ChatGPT to their products to provide a better experience, but then again if I'm able to file taxes completely without Intuit, why should I pay for it in the first place?</p> <p>ChatGPT is like e-commerce disrupting traditional brick and mortar. Any bureaucratic task can now be automated away. I wouldn't be surprised if Intuit went bankrupt within the next 10 years.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Unlucky_Problem1552"> /u/Unlucky_Problem1552 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/128q3wi/intu_intuit_turbotax_is_in_trouble/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/128q3wi/intu_intuit_turbotax_is_in_trouble/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>This year, I used both ChatGPT and TurboTax to file my taxes and I compared the results.</p> <p>ChatGPT was by far easier to use. A lot of times TurboTax is a black box that doesn't explain what it's doing well enough, whereas ChatGPT would give me really detailed information that satisfied my doubts and curiosity.</p> <p>The final results were exactly the same. I don't have complex tax filings, so TurboTax might be better for those situations, or might not be (someone should test it out).</p> <p>Maybe Intuit will start integrating ChatGPT to their products to provide a better experience, but then again if I'm able to file taxes completely without Intuit, why should I pay for it in the first place?</p> <p>ChatGPT is like e-commerce disrupting traditional brick and mortar. Any bureaucratic task can now be automated away. I wouldn't be surprised if Intuit went bankrupt within the next 10 years.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Unlucky_Problem1552"> /u/Unlucky_Problem1552 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/128q3wi/intu_intuit_turbotax_is_in_trouble/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/128q3wi/intu_intuit_turbotax_is_in_trouble/">[comments]</a></span>