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ChatGPT is still no match for humans when it comes to accounting

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Last month, OpenAI launched its newest AI chatbot product, GPT-4. According to the folks at OpenAI, the bot, which uses machine learning to generate natural language text, passed the bar exam with a score in the 90th percentile, passed 13 of 15 AP exams, and got a nearly perfect score on the GRE Verbal test.
Last month, OpenAI launched its newest AI chatbot product, GPT-4. According to the folks at OpenAI, the bot, which uses machine learning to generate natural language text, passed the bar exam with a score in the 90th percentile, passed 13 of 15 AP exams, and got a nearly perfect score on the GRE Verbal test.

Inquiring minds at Brigham Young University (BYU) and 186 other universities wanted to know how OpenAI’s tech would fare on accounting exams. So, they put the original version, ChatGPT, to the test. Their research is described in Issues in Accounting Education.
The researchers say that while it still has work to do in the realm of accounting, it’s a game changer that will change the way everyone teaches and learns—for the better.
„When this technology first came out, everyone was worried that students could now use it to cheat,“ said lead study author David Wood, a BYU professor of accounting. „But opportunities to cheat have always existed. So for us, we’re trying to focus on what we can do with this technology now that we couldn’t do before to improve the teaching process for faculty and the learning process for students. Testing it out was eye-opening.“
Since its debut in November 2022, ChatGPT has become the fastest growing technology platform ever, reaching 100 million users in under two months.

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