According to recent research by a professor at the University of Pennsylvania’s Wharton School, the chatbot GPT-3, powered by artificial intelligence, was successful in passing the program’s final exam for the Master of Business Administration (MBA) degree.
Professor Christian Terwiesch, who wrote the research paper “Would Chat GPT3 Get a Wharton MBA?” A Prediction Based on Its Performance in the Operations Management Course,” claimed that the bot scored between a B- and B in the exam.
The bot’s score shows its “remarkable ability to automate some of the skills of highly compensated knowledge workers in general and specifically the knowledge workers in the jobs held by MBA graduates, including analysts, managers, and consultants,” according to Terwiesch.
The AI bot did an “amazing job at basic operations management and process analysis questions, including those that are based on case studies,” Terwiesch wrote in the paper, which was published on January 17. He also said the bot’s answers were “excellent.”
The bot is also “remarkably good at modifying its answers in response to human hints,” he concluded.
The results of Terwiesch’s research come as schools become more worried that AI chatbots may encourage cheating. Despite the fact that chatbots are not a recent invention, ChatGPT took off on social media in late 2022. The New York City Department of Education announced earlier this month that ChatGPT would no longer be allowed on any equipment or networks in its schools.
The majority of the argument is centered on how difficult it is to differentiate between human responses and ChatGPT’s conversational speech style and cohesive, topical response style.
Experts in artificial intelligence and education have admitted that ChatGPT and other such bots may eventually harm education. However, other educators and professionals said in recent interviews that they weren’t worried just yet.
The GPT-3 model utilised in the study seems to be an older sibling of the most recent ChatGPT bot, which has generated debate among academics and AI professionals.
ChatGPT, the newest version, “is fine-tuned from a model in the GPT-3.5 series,” according to OpenAI’s website.
While Chat GPT3’s results were impressive, Terwiesch noted that Chat GPT3 “at times makes surprising mistakes in relatively simple calculations at the level of 6th-grade math.”
According to NDTV, the present version of Chat GPT is “not capable of handling more advanced process analysis questions, even when they are based on fairly standard templates,” Terwiesch added. “This includes process flows with multiple products and problems with stochastic effects such as demand variability.”
However, Terwiesch said 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 humans and AI, opportunities to simulate real-world decision-making processes, the need to teach creative problem solving, improved teaching productivity, and more.”
