Recently, ChatGPT has grabbed attention with its ability to pass an MBA exam with a B/B grade. This AI bot has created a buzz amongst entrepreneurs, business professionals, and teachers alike, who are curious to see how this bot will change the future.
ChatGPT Self-Corrects to Match the Problem
According to the story by Giz China, ChatGPT excels at basic operations management and process analysis questions based on case studies and can expand upon those answers. It can also correct itself when it fails to match a solution method with a presented problem.
Despite this, ChatGPT is still in its infancy and is not as sophisticated as some would wish. That said, the current version of ChatGPT can't handle more complex process analysis questions and makes mistakes in easy calculations.
Billionaire Mark Cuban Shares His Thoughts on ChatGPT
Billionaire entrepreneur Mark Cuban has noted that "imagine what GPT10 is going to look like" and that the time when AI bots become the main source of productivity is closer than expected. The potential implications of ChatGPT are vast.
High-school teachers have started thinking of ways to prevent students from cheating on homework, while Wharton School of Business graduates note that AI bots like ChatGPT could one day become part of the world's middle and senior managers. At the moment, ChatGPT is still a developing project.
Professor Christian Terwiesch Shares How Chat GPT3 Took the Wharton Operations Management MBA Exam
Professor Christian Terwiesch of Wharton shared how they tried to use Chat GPT3 to take their Wharton Operations Management MBA exam, as further detailed in an article by Fortune, and the results showed that the AI could achieve a B/B score.
I had @OpenAI Chat GPT3 take my @Wharton Operations Management MBA exam. It got a B/B-. Is that good or bad news? Can we replicate this at other schools / subjects? Some implications are in this @MackInstitute report https://t.co/fFeNVyddGc pic.twitter.com/e990xUmD6u
— Christian Terwiesch (@terwiesch) January 17, 2023
ChatGPT and Its Capabilities for Students
Its capabilities will only get better as time passes. As such, it is important for professionals, educators, and entrepreneurs to stay informed about the advancements made with this AI bot and its potential impacts on how we do business in the future.
Students' use of automated chatbots, such as ChatGPT, to complete schoolwork is becoming increasingly common. While these systems can be incredibly helpful for students, there are significant risks associated with their use.
Problems with ChatGPT and Dangers It Presents
Automated systems like ChatGPT cannot understand the nuance and context of the material they are being asked to learn and may produce incorrect answers without the user's knowledge.
Students could also wreck their future academic performance by relying on faulty information and advice, particularly in the higher-level sciences and mathematics. Using an automated system to complete schoolwork can rob students of important learning opportunities.
Professors are Sharing Fears of ChatGPT Use in School
Since the system lacks the capacity to think critically or analyze complex material, there is a risk that students who come to rely on it will not gain the necessary skills to be successful later in life.
Students may use automated systems to "cheat" on their schoolwork and assignments. Professors are now catching students using ChatGPT to answer schoolwork and are now sharing the "terror" they feel with having a computer answer tough questions, as noted in an article by the New York Post.
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