Goldman Sachs downgraded Intuit after AI tools from OpenAI began disrupting traditional software models.

The entities involved

• Intuit →

  American business that specializes in financial software

  • Columbia Threadneedle Investments is managing a fund that focuses specifically on technology growth.Mon 04:03
  • Intuit offers services in the United States, enhancing Mailchimp with AI solutions, while Credit Karma is confirmed as a segment of Intuit. AppLovin also operates in the US.Sun 16:05
• OpenAI →

  American artificial intelligence research organization

  • Leaders call for international cooperation on AI risks, tech leaders call for oversight, and the CMA proposes stricter search engine choice requirements.Mon 17:41
  • Experts, including Dario Amodei at Cornell University, warned about the power and limits of AI, specifically citing risks of AI taking control of the internet.Mon 17:41
• Goldman Sachs →

  American investment bank

  • US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
  • Goldman Sachs, Morgan Stanley, JPMorgan Chase, and Bank of America are competing in the global investment banking sector.Mon 17:24

Related events

• Investor fears regarding AI market disruption and exposure to OpenAI technology and its risks.Aug 18
• Tech enterprises jointly called for open AI models, contrasting with OpenAI's closed-source paradigm amid tightening US policy oversight.Jul 27
• OpenAI, Microsoft, and Anthropic are major AI developers who are cautioning due to agent breakout issues, with information being shared via international news agencies.Sep 15
• IBM partnered with OpenAI to integrate AI into consulting services.Aug 14
• OpenAI is engaged in AI competition with ServiceNow.Sep 5