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Tag: Sasan Goodarzi

  • Intuit Acquiring Mailchimp for $12 Billion

    Intuit Acquiring Mailchimp for $12 Billion

    Intuit has announced it is acquiring email marketing service Mailchimp for $12 billion.

    Mailchimp is one of the leading platforms for email marketing. The company was founded some 20 years ago, and is used by companies around the world. Intuit sees the acquisition as a way to improve its small and medium-sized business offerings, providing its customers a marketing solution to compliment its other services.

    “We’re focused on powering prosperity around the world for consumers and small businesses. Together, Mailchimp and QuickBooks will help solve small and mid-market businesses’ biggest barriers to growth, getting and retaining customers,” said Sasan Goodarzi, CEO of Intuit. “Expanding our platform to be at the center of small and mid-market business growth helps them overcome their most important financial challenges. Adding Mailchimp furthers our vision to provide an end-to-end customer growth platform to help our customers grow and run their businesses, putting the power of data in their hands to thrive.” 

    Ben Chestnut, co-founder of Mailchimp, echoed those sentiments:

    “Together with Intuit, we’ll deliver an innovative small business growth engine powered by marketing automation, customer relationship management, accounting and compliance, payments and expense, and e-commerce solutions, creating a single source of truth for your business. We’ll also be able to offer more personalized support and onboarding, expand our international footprint, and scale our teams to innovate faster and deliver the solutions you want and need.”

    The deal is worth $12 billion, in stock and cash, and subject to the usual regulatory approval. The deal is expected to close before the end of Intuit’s Q2 2022.

  • Intuit CEO Thinks AI Will Help Humans, Not Replace Them

    Intuit CEO Thinks AI Will Help Humans, Not Replace Them

    Business Insider is reporting that Intuit’s CEO has a very different view of AI in the workplace from many other executives.

    Many executives, business leaders and experts fear AI will result in countless lost jobs as machines replace human workers. Intuit’s CEO, Sasan Goodarzi, doesn’t share those concerns, instead believing that AI is simply another transition, such as occurred when the Internet became popular.

    Goodarzi told Business Insider: “AI is going to automate a lot of what is done today, a lot of predictions that you have to make. AI can automate all of that, but then it actually elevates where people can provide value, it elevates where they can provide judgement.

    “History is our best teacher. When the internet was coming around there was lots of concern that because of the internet, because of commerce, because of what you could now do that would be elimination of a lot of jobs and in fact it’s created a lot of jobs.”

    This outlook on AI’s role informs the company’s approach to the emerging technology, using it to maximize available resources, including the human element.

    “Machine learning at the end of the day takes input and it makes a recommendation, and if something has to rely on one hundred percent accuracy, machine learning probably wouldn’t be good for that,” Goodarzi told Business Insider. He maintains that AI is “only as good as the data that it has and it’s only as good as how it gets trained.”

    For individuals worried about losing their jobs to AI and automation, Goodarzi’s comments are a welcome change of pace from the traditional outlook of many in the industry.