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Friday, January 27, 2023

ChatGPT: AI Clears Wharton’s MBA Exam

AI chatbot does a fantastic job at basic operations management and process analysis questions

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Russell Chattaraj
Russell Chattaraj
Mechanical engineering graduate, writes about science, technology and sports, teaching physics and mathematics, also played cricket professionally and passionate about bodybuilding.

UNITED STATES: Since its debut, the chatbot ChatGPT, which uses artificial intelligence (AI), has been in the spotlight.

People have been using it to finish their tasks and to write business emails with particular tenors, styles, and guidelines. Many people have acknowledged being dependent on the latest craze.

According to a Fortune story, a professor at the Wharton School of the University of Pennsylvania, one of the best business schools in the world, recently evaluated the chatbot’s performance on an MBA exam to see how it performed in line with the current trend.

What these AI tools signify for MBA programmes has been a topic of discussion for Professor Christian Terwiesch. 

He wrote a study that was published in which he looked at ChatGPT’s performance on the Operations Management final exam, which is a normal MBA core course.

As stated in the paper, the professor said that the “AI chatbot does a fantastic job at basic operations management and process analysis questions, particularly those that are based on case studies.” 

“It could not handle more advanced process analysis problems,” according to him, which was one of its limitations.

However, according to him, ChatGPT would have received a B- to B- score on the exam.

The bot has performed well while creating legal documents in various locations, and according to Terwiesch, “some feel that the next version of this technology might even be able to pass the bar test.”

According to Fortune, in the introduction to his study, Terwiesch discussed the influence that electronic calculators had on the commercial sector and said that ChatGPT might have a similar impact.

He stated in his research that “prior to the creation of calculators and other computing devices, hundreds of individuals were employed by a variety of enterprises to perform mathematical operations manually, such as multiplications and matrix inversions.” 

He further added, “It is clear that many duties have been mechanised, significantly lowering the value of the corresponding abilities.” “In a similar vein, any automation of the abilities taught in our MBA programmes could potentially diminish the worth of an MBA degree.”

Also Read: ChatGPT to LaMDA: AI Emerges as a Game Changing Technology

Author

  • Russell Chattaraj
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    Mechanical engineering graduate, writes about science, technology and sports, teaching physics and mathematics, also played cricket professionally and passionate about bodybuilding.

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