ChatGPT is still no match for humans when it comes to accounting

ChatGPT faced off against students on accounting assessments. Students scored an overall average of 76.7%, compared to ChatGPT’s score of 47.4%. On a 11.3% of questions, ChatGPT scored higher than the student average, doing particularly well on AIS and auditing. But the AI bot did worse on tax, financial, and managerial assessments, possibly because ChatGPT …

Is deep learning a necessary ingredient for artificial intelligence?

The earliest artificial neural network, the Perceptron, was introduced approximately 65 years ago and consisted of just one layer. However, to address solutions for more complex classification tasks, more advanced neural network architectures consisting of numerous feedforward (consecutive) layers were later introduced. This is the essential component of the current implementation of deep learning algorithms. …