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- ChatGPT wouldn't be able to pass all levels of the exam required to get become a CFA.
- A study by JPMorgan researchers and university academics found ChatGPT made a lot of "knowledge-based errors."
- GPT-4 did better than ChatGPT and could pass the first two levels of the exam with enough prompting.
Wall Street analysts worried that AI is coming for their jobs can breathe easy—for now.
According to a study, ChatGPT couldn't pass the chartered financial analyst exam—a benchmark qualification for many finance professionals across Wall Street.
In research conducted by a team of JPMorgan AI researchers and university academics, ChatGPT and GPT-4—both AI large language models created by OpenAI—were asked CFA-style questions to test whether they are capable of complex financial reasoning.