ChatGPT has shown impressive performance in various disciplines, but it struggles with math. While it has performed well in exams like medical and law schools, it falls short in accounting. A study conducted by Professor David Wood revealed that ChatGPT scored 47.4% on accounting exams, significantly lower than humans’ average score of 76.7%. LLMs like Google Bard attempt to address this limitation by converting math questions into executable code, but even that has its limitations. Therefore, it is advisable to use calculators for mathematical tasks rather than relying solely on ChatGPT.
ChatGPT’s Accounting Skills Are Put to the Test
ChatGPT, a popular AI model, has recently shown impressive performance in various fields. However, it falls short when it comes to math skills. Despite excelling in exams such as medical school, law school, and MBA tests, ChatGPT struggles with basic math functions and logic problems.
In a study conducted by Professor David Wood, it was revealed that ChatGPT performed poorly in the field of accounting. This may seem counterintuitive, as AI is often associated with mathematical proficiency.
The study involved a unique approach, with researchers from 186 educational institutions across 14 countries participating. They posed over 27,000 accounting exam questions to ChatGPT, covering various accounting topics and difficulty levels. The results were clear: ChatGPT scored only 47.4%, significantly lower than human students’ average score of 76.7%.
To address the AI’s math limitations, researchers have attempted to convert math questions into executable code. However, this approach is not entirely reliable.
Professor Wood emphasized that instead of focusing on the potential for cheating, the study aimed to explore how AI can enhance the teaching and learning processes. The results were enlightening.
For accurate calculations and financial decisions, it’s advisable to rely on a calculator rather than ChatGPT.
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