|Is there a possibility that this will be fixed by updating the bios?|
No! No! and thrice times No!
There are only two circumstances when an BIOS updated should be considered an that is when there is an update that you know will solve your particular problem or when all other possibilities have been exhausted and there is nothing else left to try and you have nothing to lose.
Updating the BIOS when it is unnecessary is a dangerous operation at the best of times. Doing on a computer that already has faults that are nothing to do with the BIOS is like playing Russian Roulette. If the update goes wrong for some reason you will end up with a very expensive door stop,
What happens if half way through the BIOS update process the CPU find it is getting a bit hot and shuts its self off. No computer or an expensive repair bill to replace the BIOS chip.