ChatGPT has alarmed high-school teachers, who worry that students will use itor other new artificial-intelligence toolsto cheat on writing assignments. But the concern doesnt stop at the high-school level. At the University of Pennsylvanias prestigious Wharton School of Business, professor Christian Terwiesch has been wondering what such A.I. tools mean for MBA programs.
This week, Terwiesch released a research paper in which he documented how ChatGPT performed on the final exam of a typical MBA core course, Operations Management.
The A.I. chatbot, he wrote, does an amazing job at basic operations management and process analysis questions including those that are based on case studies.
It did have shortcomings, he noted, including being able to handle more advanced process analysis questions.
But ChatGPT, he determined, would have received a B to B- grade on the exam.
Elsewhere, it has also performed well in the preparation of legal documents and some believe that the next generation of this technology might even be able to pass the bar exam, he noted.
Of course, ChatGPT is just in its infancy, as billionaire entrepreneur Mark Cuban noted this week in an interview with Not a Bot, an A.I. newsletter. He added, Imagine what GPT 10 is going to look like.
Andrew Karolyi, dean of Cornell Universitys SC Johnson College of Business, agrees, telling the Financial Times this week: 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.
Thats especially true with software giant Microsoft mulling a $10 billion investment in OpenAI, the venture behind ChatGPT, after an initial $1 billion investment a few years ago. And Google parent Alphabet is responding by plowing resources into similar tools to answer the challenge, which it fears could hurt its search dominance.
So people will be using these tools, like it or not, including MBA students.
Im of the mind that AI isnt going to replace people, but people who use AI are going to replace people, Kara McWilliams, head of ETS Product Innovation Labs, which offers a tool that can identify AI-generated answers, told the Times.
Terwiesch, in introducing his paper, noted the affect that electronic calculators had on the corporate worldand suggested that something similar could happen with tools like ChatGPT.
Prior to the introduction of calculators and other computing devices, many firms employed hundreds of employees whose task it was to manually perform mathematical operations such as multiplications or matrix inversions, he wrote. Obviously, such tasks are now automated, and the value of the associated skills has dramatically decreased. In the same way any automation of the skills taught in our MBA programs could potentially reduce the value of an MBA education.
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