AI can now pass the hardest level of the CFA exam in a matter of minutes
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A recent study from NYU Stern and GoodFin reveals that advanced AI models can now pass the CFA Level III exam, which includes challenging essay questions, in minutes. Previously, AI struggled with this level due to its complexity. The research evaluated 23 large language models, finding that models like o4-mini and Gemini 2.5 Pro successfully utilized "chain-of-thought prompting". While AI's capabilities are evolving, experts believe it won't replace human analysts due to the nuanced understanding required in financial decision-making.
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