Intuit CTO Stansbury on bringing AI, machine learning to businesses

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Intuit CTO Tayloe Stansbury said the company is planning a complete rewrite of Turbo Tax and revamping its product line to embed artificial intelligence and machine learning technology.

"TurboTax will get a rewrite top to bottom to move from a form-based approach to a journey to simple conversational UIs (user interfaces)," he said. "We will be rethinking taxes for AI and using rules for inference and how to get to answers."

Speaking in New York City, Stansbury highlighted more than 30 technology projects designed to highlight Intuit's innovations. The demonstrations included a magic mirror that coupled voice recognition, AI and built-in data displays as well as virtual reality demonstrations. Intuit also outlined uses for blockchain technology.

The more immediate impact to Intuit's product lines were machine learning tools to categorize tax deductions and integrate analytics into QuickBooks for smarter expense management.