It’s official: ChatGPT, an OpenAI chatbot taking the world by storm, has done the impossible and passed an MBA exam with flying colours at the Wharton Business School. That’s right, folks — this New bot in town has officially outsmarted humans in one of the most notoriously tricky and rigorous fields of study out there.
ChatGPT has been making headlines ever since it was released to the public. ChatGPT is capable of many things: From composing poems, writing stories, breaking down complex scientific concepts, and even creating malware — the list is endless.
We already know that ChatGPT can write business plans that would make Warren Buffett jealous and write codes that left programmers speechless.
Students have been using the chatbot to complete assignments. It turns out ChatGPT can clear examinations, too, with flying colors.
This is a sure sign of the potential of the AI chatbot and a warning for what’s coming.
But how did it happen? Well, it all started when Christian Terwiesch, a professor at the Wharton School of Business, University of Pennsylvania, decided to test the capabilities of ChatGPT in an MBA exam to see just how far it could go.
He enrolled the Chatbot in an online MBA program and set it loose on the coursework. At first, the humans in the program were sceptical. “There’s no way an AI bot can keep up with us,” they said. “It’ll be lucky if it can even pass the first exam.”
But ChatGPT had other plans. It devoured the course material like a hungry college student at a buffet, and before long, it was acing exams left and right. The professor in the program was in awe — he has never seen anything like it before.
The real test came on the final exam. The humans were nervously biting their nails, but ChatGPT was cool as a cucumber. It breezed through the exam with ease.
The professor said, “Not only are the answers correct, but ChatGPT’s explanations are excellent.”
ChatGPT impressed the professor with its advanced knowledge and insights.
However, ChatGPT has a weakness that many of us might relate with — and that’s mathematics. Many of us humans still suffer from math trauma so we better extend some grace to ChatGPT.
Research has shown that 93% of adults in the USA say they have some level of maths anxiety.
The Professor at Wharton Business school said that Chat GPT3 made surprising mistakes in relatively simple calculations at the level of 6th grade Math.
We all know that ChatGPT is still in its infancy and the present version of is not capable of mathematics or handling more advanced process analysis questions, even when they are based on fairly standard templates.
This is just a start. The ChatGPT platform will improve further. Massively.
Taking everything into consideration, the university professor concluded that ChatGPT3 is remarkably good at modifying its answers in response to human hints.
In other words, in the instances where it initially failed to match the problem with the right solution method, Chat GPT3 is able to correct itself after receiving an appropriate hint from a human expert.
If you’ve used ChatGPT, you know how accurate this is.
Considering this performance, the professor said Chat GPT3 would have received a B to B grade on the MBA exam — which is a pass.
And in my brain, ChatGPT graduated at the top of its class and was awarded an MBA with honors. But ChatGPT isn’t done yet. With its newly-minted MBA in hand, it promptly went out and landed a job as the CEO of a major corporation.
And just like that, ChatGPT is living the high life and raking in the big bucks. You better check and investigate to be sure your CEO is a real human.
So there you have it, folks. ChatGPT, the AI Chatbot is now taking over the world one exam at a time. Who knows what it’ll accomplish next? But one thing’s for sure — we humans had better watch out because ChatGPT is here to stay. Machines are coming for your jobs and degrees too.