Key points:
- Chat GPT 3 has managed to crack the final exam at the University of Pennsylvania’s Wharton School.
- Professor Christian Terwiesch conducted this research and found that the chatbot had scored between a B- and B on the exam.
- Professor Terwiesch said that the bot’s score was a testament to the fact that the chatbot can automate some of the skills of some of the highest-paid MBA graduates including managers, consultants, and analysts.
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Is it time to press the panic button, or are we overreacting?
Over the past couple of months, ChatGPT’s popularity has witnessed a meteoric rise due to its exceptional abilities. Now, the revolutionary chatbot is also passing “tough” examinations with flying colours.
Research conducted by Professor Christian Terwiesch at the University of Pennsylvania’s Wharton School found that OpenAI’s ChatGPT 3 has the ability to crack the university’s MBA exam. This news has sent shockwaves across the educational community and raised several alarm bells.
Professor Terwiesch further stated that the chatbot had scored between a B- and a B on the exam. He added that the scores indicate that the chatbot is more than capable of automating some of the skills shown by some of the highest-paid MBA graduates, including consultants, managers, and analysts.
What exactly did Professor Christian find out in his research?
As mentioned before, Professor Christian Terwiesch wrote a research paper titled, “Would Chat GPT3 Get a Wharton MBA? A Prediction Based on Its Performance in the Operations Management Course.” He found that the chatbot has the ability to not only crack the exam but also automate the core skills of some of the top MBA graduates.
Terwiesch stated that the bot “did an outstanding job while answering questions pertaining to basic operations management and process analysis questions, including those that are based on case studies.” He also mentioned that the explanations provided by the bot were “excellent.”
Additionally, he added, the bot is “remarkably good at revising its answers in response to human hints.” Terwiesch’s findings coincide with educators’ growing fear that AI chatbots can encourage cheating. Much of the discussion is focused on how difficult it is to distinguish between human responses and ChatGPT’s conversational speaking style and cohesive, topical response style.
Experts in the artificial intelligence and education sector have admitted that ChatGPT and other such bots could eventually impact education. However, other educators and professionals said that they weren’t alarmed just yet.
According to Terwiesch, the chatbot’s performance on the test will have “important implications for business school education,” including the need for revised exam policies, additional focus on curriculum design, research on human and AI collaboration, opportunities to simulate real-world decision-making processes, the need to teach creative problem solving, improved teaching productivity, and more.
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Feature Image Source: Photo by Andrea De Santis on Unsplash
