Recently a team at JP Morgan paired with academic researchers to see if ChatGPT could pass the first two levels of the coveted CFA exam, which usually takes humans four years to complete in total, according to Bloomberg.

At least for now, the AI bot isn't able to pass the test. 

In an 11 page report written after the trial, the researchers wrote: "Based on estimated pass rates and average self-reported scores, we concluded that ChatGPT would likely not be able to pass the CFA Level I and Level II under all tested settings. GPT-4 would have a decent chance of passing the CFA Level I and Level II if prompted."

Researchers, comprising scholars and six individuals from JPMorgan's AI Research group, such as Sameena Shah and Antony Papadimitriou, are at the forefront of this study. In its commitment to equipping finance professionals with current knowledge, the CFA Institute has overhauled its examination syllabus. As early as 2017, the institute declared its intention to incorporate queries on artificial intelligence and big data analysis techniques into its examinations.