The New Tech Battleground: Why Intuit's AI Strategy Leaves Banks Playing Catch-up

Happy weekend! Welcome to this week's edition of FutureOrg AI, your go-to source for the latest in AI developments affecting the business world. Grab your coffee or drink (for happy hour) and let's dive into some exciting news and insights!

Intuit Dome

🏢 What if I told you the next financial data empire isn't a bank, but was built through tax software?

Standing at the Intuit Dome, I had an eye-opening revelation. This wasn't just another tech company's vanity project - it's a statement of power.

Think about this: While banks chase traditional finance, Intuit built something stealthier but potentially more valuable: the most comprehensive small business data ecosystem in America.

The proof is in their empire:

• TurboTax: Your annual tax headache turned into valuable financial insights

• QuickBooks: The operating system for millions of small businesses

• Credit Karma: 110M+ members sharing their financial dreams and data

• Mailchimp: The pulse of small business marketing and customer behavior

Here's what stopped me in my tracks: Intuit runs 2 MILLION AI models, making 65 BILLION daily predictions. That's not just big tech - that's financial intelligence at a scale most banks can't match.

What's even more fascinating? While everyone's jumping on the AI bandwagon now, Intuit has been quietly building their AI capabilities for the last decade. This isn't a reactive pivot - it's a carefully executed long game.

They didn't just build software. They built a crystal ball that understands American business better than perhaps anyone else.

The future of finance isn't in marble-columned banks. It's in the companies that understand our financial DNA at the molecular level.

#Innovation #Fintech #AI #BusinessInsights #IntuitDome

🤔 What could Intuit predict about the economy that even the Fed can't see?

💭 Which industry giant will be the next to realize their real value isn't in their product, but in their data?

You can read more about Intuit Assist — an AI-powered financial assistant that provides users with highly personalized and intelligent financial insights and recommendations. It is being integrated into TurboTax, Credit Karma, QuickBooks, and Mailchimp.

Pharma's Fintech Moment: Why Drug Development is About to Move at Startup Speed

What industry takes 10 years and billions of dollars to launch a single product? 🤔

Welcome to pharma. But here's the twist - it's about to get disrupted like finance did.

Just shared this at USC Alfred E. Mann School of Pharmacy and Pharmaceutical Sciences last week. The room went silent when I drew the parallel.

Think about it: Traditional pharma = decade-long development cycles. Massive R&D costs. An innovation pace that makes glaciers look fast.

Enter the disruptors.

AI-powered techbio companies are doing the "impossible." They're predicting protein structures in hours. Modeling molecular interactions in days. Slashing timelines that used to take years. Pharma startups like Insilico medicine already have a first AI-designed drug in the second phase of clinical trials.

Sound familiar?

It's exactly what fintech did to banking. The same playbook. Different industry.

We're watching history repeat itself. AI-first drug R&D companies are to pharma what digital payment apps were to banks. They're not playing by the old rules. They're writing new ones.

The winners? Those who see it coming.

The losers? Those who don't.

I gave a guest lecture on this topic at USC School of Pharmacy last week. Slides are available here. A brief sound clip is available through LinkedIn. Please click like and follow me on LinkedIn. Full lecture will be released soon.

That's all for this week's FutureOrg AI newsletter. Remember, staying informed about AI developments isn't just about keeping up—it's about staying ahead. Have a great weekend, and we'll see you next week!

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