The ChatGPT chatbot developed by the OpenAI company and working with artificial intelligence (AI) has successfully passed the final exam in one of the best business schools in the world.

Christian Terwiesch, a professor at the  Wharton School of the University of Pennsylvania, USA, claims that AI can change a lot in the business world.

As Fortune reports, the professor published a research paper in which he examined ChatGPT's performance on the final test in Operations Management, a typical core MBA (Master of Business Administration) course.

According to the professor's conclusion, the AI-based chatbot did an excellent job on basic operations management and process analysis questions, including those based on thematic studies. At the same time, certain problems were observed in the chatbot when performing more complex tasks.

However, according to the professor, if taking the actual exam, ChatGPT would have received a grade of B to B- (4 and 4- on a 5-point scale). Of course, this is not the highest grade, but it is a passing one.

As Terwiesch noted, once upon a time the electronic calculator played a big role in the business sector, and ChatGPT can make such a revolution.

Before the advent of electronic calculators and other computing devices, many companies employed hundreds of employees who were tasked with manually performing mathematical operations such as multiplication or matrix transformations. Now such tasks are automated and the value of these skills has dropped dramatically. Likewise, any automation of processes taught in the MBA programs has the potential to reduce the value of an MBA education, the professor said.

This is just the beginning. ChatGPT will become even more advanced in the future

According to the professor, the chatbot not only managed to pass the exam, but also showed itself well in the preparation of legal documents. There is even an opinion that the next generation of this technology will even be able to pass the bar exam.

Billionaire entrepreneur Mark Cuban also seems to share that view. According to him, for now ChatGPT is just in its infancy, but one can imagine how advanced the 10th generation of ChatGPT can be.

Andrew Karolyi, dean of Cornell University’s SC Johnson College of Business, also sees ChatGPT as very promising.

“One thing we all know for sure is that ChatGPT is not going away. If anything, these AI techniques will continue to get better and better. Faculty and university administrators need to invest to educate themselves," he told the Financial Times.

"I’m of the mind that AI isn’t going to replace people, but people who use AI are going to replace people," said Kara McWilliams, head of the ETS Product Innovation Labs, which applies AI to learning and assessment and has developed tools to identify AI-generated answers.

OpenAI will help teachers detect works written in ChatGPT

OpenAI plans to develop a solution that can help schools identify whether AI has been used in students' work. It is true, as the general director of the company, Sam Altman, noted, no one can give a 100-percent guarantee of detecting the use of AI in the work of schoolchildren.

“There may be ways we can help teachers be a little more likely to detect output of a GPT-like system. But honestly, a determined person will get around them," Altman said in an interview with StrictlyVC editor Connie Loizos.

OpenAI plans to explore what solutions can be used to mark content generated by ChatGPT, such as watermarking technology or other methods. However, according to experts, one cannot fully rely on such tools.

Recently, schools under the New York Department of Education and the Seattle Public School System banned students and teachers from using ChatGPT. By doing so, they hoped to prevent plagiarism and cheating.

However, Altman believes that AI-generated text is "something we all need to adapt to." Just as electronic calculators have changed the way math classes are taught, so will AI change education in general. What's more, while many teachers don't like the fact that students have started using ChatGPT to do homework, Altman believes the chatbot can be an incredible personal tutor for every kid.

"I would rather have ChatGPT teach me something than read a textbook by myself,” Altman admitted.

Recently, ChatGPT was able to deceive the HR specialists of Schwa, a company providing communication and consulting services. It applied for a job and wrote a test assignment much better than 80% of job applicants. As a result, Schwa's HR professionals wanted to invite it in for an interview.