Per NBC News

ChatGPT, an AI tool developed by OpenAI, has just passed Wharton's final exam for its Masters of Business Administration (MBA) program. The test was done by a professor who noted that the tool achieved flying colors and even outperformed other students at the University of Pennsylvania's Wharton School.

The chatbot was powered by GPT-3 and tested by Professor Christian Terwiesch to see if it could pass Wharton's MBA. The bot got scores of B- and B, cited by the Financial Times.

Terwiesch authored a research paper called "Would Chat GPT3 Get a Wharton MBA? A Prediction Based on Its Performance in the Operations Management Course," which included the test results he conducted with ChatGPT.

The professor highlighted how the bot was able to showcase its ability to automate some skills that were found in positions held by MBA graduates. He noted that the bot could do "basic operations management and process analysis."

Terwiesch: “(ChatGPT is) not capable of handling more advanced process analysis questions, even when they are based on fairly standard templates,"

OpenAI also released a statement regarding the function of ChatGPT and how its new format allows the chatbot to come up with better answers as they are refined through the conversation, per NYP.

"The dialogue format makes it possible for ChatGPT to answer follow-up questions, admit its mistakes, challenge incorrect premises, and reject inappropriate requests,”

OpenAI CEO Sam Altman said that the technology would result in helpful assistants to give users helpful answers and advice in a statement made to The Guardian. Altman noted that further on, the technology would help users discover new knowledge.

The professor then noted that the performance of ChatGPT on the test showed new implications for education in business schools, including the importance of exam policies and even a potential curriculum design that focuses on AI and human collaboration.

Microsoft, an early investor in OpenAI, which saw a $1 billion investment in the company in 2019, will be amping up its investments with a multi-billion plan estimated to be worth $10 billion. The company plans to use AI tech for its Bing search engine.

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