ChatGPT fails when it comes to accounting, finds major study

New Delhi: AI chatbot ChatGPT is still no match for humans when it comes to accounting and while it is a game changer in several fields, the researchers say the AI still has work to do in the realm of accounting.

Microsoft-backed OpenAI has launched its newest AI chatbot product, GPT-4 which uses machine learning to generate natural language text, passed the bar exam with a score in the 90th percentile, passed 13 of 15 advanced placement (AP) exams and got a nearly perfect score on the GRE Verbal test.

“It’s not perfect; you’re not going to be using it for everything,” said Jessica Wood, currently a freshman at Brigham Young University (BYU) in the US. “Trying to learn solely by using ChatGPT is a fool’s errand.”

Researchers at BYU and 186 other universities wanted to know how OpenAI’s tech would fare on accounting exams. They put the original version, ChatGPT, to the test.