Investigating AI Languages' Ability to Solve Undergraduate Finance Problems

The rapid advancement of artificial intelligence (AI) has given rise to sophisticated language models that excel in understanding and generating human-like text. With the capacity to process vast amounts of information, these models effectively tackle problems across diverse domains. In this paper, we present a comparative analysis of prominent AI language models--ChatGPT and Google Bard--focusing on their ability to solve undergraduate finance problems. We find that GPT-4 significantly outperforms Bard-1.0, excelling in easy problems but struggling with complex ones. The results suggest that it is crucial to handle AI with care in order to uphold academic integrity.