Ha! MBA’s better watch out, ChatGPT is coming for ya! The artificial intelligence chatbot, backed by Elon Musk, is threatening to disrupt the business school scene. A professor from the University of Pennsylvania’s Wharton School, one of the oldest and most prestigious b-schools in the US, put ChatGPT to the test and was surprised to find that it could outperform some of his students in operations management!
But wait, there’s more! Not only can ChatGPT answer questions about operations management like a boss, but it’s also got a way with words, according to the professor. “I was just blown away by its linguistic skills – the choice of words, the concise writing, the structure – it was absolutely brilliant,” he said. But let’s not forget that ChatGPT still has some weaknesses, like its limited numeracy skills.
So what’s next for MBA’s and ChatGPT? Microsoft is considering a whopping $10 billion investment in OpenAI, the company behind ChatGPT, and many are predicting that the technology will shake up a range of activities beyond education. The dean of Imperial College Business School in London says they’re having serious discussions and a working group is analysing ChatGPT’s implications and will be formulating policies soon.
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But hey, there’s a silver lining for current MBA students. They can use ChatGPT to help them become better consultants. How? By honing their judgement against the chatbot’s strong performance in playing the role of the smart consultant (who always has an answer but is sometimes wrong).
Kara McWilliams, head of the ETS Product Innovation Labs, says, “We really need to embrace advanced technologies in education. AI isn’t going to replace people, but people who use AI are going to replace people.” So, there you have it folks. Get ready for a world where ChatGPT is helping b-school professors with lesson planning and syllabus creation, leaving them with more time for student support and learning. The future is now!