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The Accounting Podcast
The Accounting Podcast

Intuit's $100m/yr OpenAI Deal & How Tech Companies Juice Profits

22 November 2025 1:00:43 Blake Oliver & David Leary

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About this episode

Blake breaks down how AI can help with cost segregation and explains why AI currently works best on tasks that take humans 2-5 minutes. Michael Burry is betting against AI companies, claiming they're manipulating earnings by stretching server depreciation from 3-4 years to 5-6 years, adding billions to their bottom lines. Also covered: Intuit's $100 million annual OpenAI deal to integrate QuickBooks and TurboTax into ChatGPT, new bank evidence in the Rippling corporate espionage case, and a survey showing 10% of adults are acting on AI tax advice despite error rates up to 50%.

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Chapters
  • (00:00) - Welcome to The Accounting Podcast
  • (00:49) - Blake's Illness and Recovery
  • (02:05) - Upcoming Topics
  • (04:06) - Cost Segregation Explained
  • (06:46) - AI in Cost Segregation
  • (11:15) - AI's Current Capabilities and Limitations
  • (19:10) - Intuit's OpenAI Deal
  • (22:01) - Intuit's Strategy and Industry Implications
  • (30:12) - Michael Burry's New Bet Against AI
  • (31:21) - Depreciation and AI Companies
  • (39:15) - Rippling vs. Deel: Corporate Espionage
  • (42:44) - New Jersey's Alternative Pathways Bill
  • (44:39) - AI's Role in Tax and Investing Advice
  • (47:37) - Defining Audit Quality: PCOB's New Initiative
  • (51:56) - FASB's Costly Lease Standard
  • (56:13) - Ancient Accounting Systems in Peru
  • (58:45) - Conclusion and Viewer Interaction
 


Show Notes

Coming soon!

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Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.


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Transcripts

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

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