The AI chatbot ChatGPT from Microsoft-backed OpenAI has been in the news since it was made available to the general public on November 30. It can deconstruct difficult scientific ideas, write stories and poetry, code, produce viruses, and the list goes on and on. The chatbot also has a premium version that was launched by OpenAI. It is marketed as “ChatGPT Professional” and costs $42 per month.
Details about ChatGPT receives grade B score on the MBA exam at Wharton Business School
According to a recent article by The New York Times, ChatGPT3 has even caused concern within Google, which now plans to introduce more than 20 new products and show off a chatbot-enhanced version of its search engine this year.
The chatbot has also been used by students to finish tasks. It turns out that it can pass tests with flying colours as well. The effectiveness of ChatGPT was evaluated in an MBA exam by Christian Terwiesch, a professor at the University of Pennsylvania’s Wharton School of Business. He asked the chatbot a question about operations management, a crucial MBA topic.
Would Chat GPT3 Get a Wharton MBA? is the title of the essay. The ramifications of ChatGPT’s “academic performance” were examined in “A Prediction Based on Its Performance in the Operations Management Course.”
Terwiesch concluded from the test that the responses were accurate and the chatbot’s explanations were clear. However, ChatGPT also produced errors that may have been extremely large in scale in relatively straightforward computations at the sixth-grade arithmetic level.
Terwiesch added that even though the inquiries are based on fairly common templates, the current version of ChatGPT cannot handle more complex process analysis queries.
Terwiesch stated in his study’s conclusion that ChatGPT had “amazing problem-solving abilities, as demonstrated by the thorough training and testing our MBA students have undergone. If I were to combine the answers to the questions, I’d give this performance a B to B- “.
In order to put the chatbot’s performance into context, the lecturer also supplied a reference point: “This Operations Management course was a prerequisite that all students had to take before Wharton gave them more freedom in the courses they chose. However, if they could show that they had mastered the course material on a waiver exam, we did enable students to forego this course. Though by a very narrow margin, the performance of Chat GPT3 as described above would have been adequate to pass the waiver exam.”