Research pitches GPT-4 against the chartered financial analyst (CFA) exam

Research pitches GPT-4 against the chartered financial analyst (CFA) exam AI News, AI, AI tools, DailyAI, Innovation, itinai.com, LLM, Sam Jeans, t.me/itinai 🔍 Research Shows GPT-4’s Potential in Passing CFA Exam 🔍 A recent study conducted by researchers at JPMorgan Chase & Co. compared OpenAI's GPT-4 model and ChatGPT's ability to pass the chartered financial analyst (CFA) exam. While ChatGPT fell short, GPT-4 showed promise. The study found that ChatGPT would likely not be able to pass the CFA Level I and II exams under all tested settings. However, GPT-4 had a decent chance of passing these levels with appropriate prompts. The CFA Institute has been incorporating AI and big data analysis into their exams since 2017. Although large-language models like GPT-4 can answer certain exam questions correctly, becoming CFA-certified also requires practical experience, references, ethical standards, and soon, practical skills modules. Both AI models faced challenges with Level II of the CFA exam. However, they performed well in areas such as derivatives, alternative investments, corporate issues, equity investments, and ethics in Level I. Their performance was less impressive in financial reporting and portfolio management. ChatGPT struggled with alternative investments and fixed income in Level II, while GPT-4 found difficulty with portfolio management and economics. To effectively leverage AI and stay competitive, consider these practical steps: 1️⃣ Identify Automation Opportunities: Find customer interaction points that can benefit from AI. 2️⃣ Define KPIs: Ensure your AI initiatives have measurable impacts on business outcomes. 3️⃣ Select an AI Solution: Choose tools that align with your needs and provide customization. 4️⃣ Implement Gradually: Start with a pilot, gather data, and expand AI usage judiciously. For AI KPI management advice and continuous insights into leveraging AI, connect with us at hello@itinai.com. Stay updated on our Telegram channel t.me/itinainews or follow us on Twitter @itinaicom. 🌟 Spotlight on a Practical AI Solution: AI Sales Bot 🌟 Consider using the AI Sales Bot from itinai.com/aisalesbot to automate customer engagement 24/7 and manage interactions across all customer journey stages. Discover how AI can redefine your sales processes and customer engagement. Explore solutions at itinai.com. 🔗 List of Useful Links 🔗 🔹 AI Lab in Telegram @aiscrumbot – free consultation 🔹 Research pitches GPT-4 against the chartered financial analyst (CFA) exam 🔹 DailyAI 🔹 Twitter – @itinaicom