An AI chatbot has managed to crack an MBA exam at the world’s top business school.
New research conducted by a professor at the University of Pennsylvania’s Wharton School found that the artificial intelligence-driven chatbot GPT-3 was able to pass the final exam for the school’s MBA program.
The bot scored between a B- and B in the Operations Management Course final exam.
Professor Christian Terwiesch, who authored the research paper said that the bot’s score showed its ‘remarkable ability to automate some of the skills of highly compensated knowledge workers’.
Meaning, the jobs held by MBA graduates including analysts, managers, and consultants could possibly be done by AI.
The bot did an ‘amazing job at basic operations management and process analysis questions including those that are based on case studies,’ said Terwiesch, adding that the bot’s explanations were ‘excellent’.
The paper also found the bot to be ‘remarkably good at modifying its answers in response to human hints’.
Moreover, the GPT-3 model used in the experiment appears to be an older version, so the most recent ChatGPT model could have probably scored even better.
Despite its impressive results, Terwiesch noted that Chat GPT3 at times made mistakes in relatively simple calculations at the ‘level of 6th grade Math’.
Still, Terwiesch believes that ChatGPT3’s performance on the test has ‘important implications for business school education, including the need for exam policies, curriculum design focusing on collaboration between human and AI, opportunities to simulate real world decision making processes, the need to teach creative problem solving, improved teaching productivity, and more.’
Previously, ChatGPT had succeeded in fooling scientists by writing accurate research paper summaries.
ChatGPT’s conversational speaking style and coherent, spontaneous response style make it nearly identical to human responses, causing concern for educators.
Earlier this month, New York City’s Department of Education announced a ban on ChatGPT from its schools’ devices and networks.
AI chatbots are being used to take the place of lawyers, therapists or even yourself but their biggest drawback is a tendency to give answers out of context.
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