Open-FinLLMs: Open Multimodal Large Language Models for Financial Applications

Large language models (LLMs) have advanced financial applications, yet they often lack sufficient financial knowledge and struggle with tasks involving multi-modal inputs like tables and time series data. To address these limitations, we introduce \textit{Open-FinLLMs}, a series of Financial LLMs. We begin with FinLLaMA, pre-trained on a 52 billion token financial corpus, incorporating text, tables, and time-series data to embed comprehensive financial knowledge. FinLLaMA is then instruction fine-tuned with 573K financial instructions, resulting in FinLLaMA-instruct, which enhances task performance. Finally, we present FinLLaVA, a multimodal LLM trained with 1.43M image-text instructions to handle complex financial data types. Extensive evaluations demonstrate FinLLaMA's superior performance over LLaMA3-8B, LLaMA3.1-8B, and BloombergGPT in both zero-shot and few-shot settings across 19 and 4 datasets, respectively. FinLLaMA-instruct outperforms GPT-4 and other Financial LLMs on 15 datasets. FinLLaVA excels in understanding tables and charts across 4 multimodal tasks. Additionally, FinLLaMA achieves impressive Sharpe Ratios in trading simulations, highlighting its robust financial application capabilities. We will continually maintain and improve our models and benchmarks to support ongoing innovation in academia and industry.

Stylistic Retrieval-based Dialogue System with Unparallel Training Data

The ability of a dialog system to express consistent language style during conversations has a direct, positive impact on its usability and on user satisfaction. Although previous studies have demonstrated that style transfer is feasible with a large amount of parallel data, it is often impossible to collect such data for different styles. In this paper, instead of manually constructing conversation data with a certain style, we propose a flexible framework that adapts a generic retrieval-based dialogue system to mimic the language style of a specified persona without any parallel data. Our approach is based on automatic generation of stylized data by learning the usage of jargon, and then rewriting the generic conversations to a stylized one by incorporating the jargon. In experiments we implemented dialogue systems with five distinct language styles, and the result shows our framework significantly outperforms baselines in terms of the average score of responses' relevance and style degree, and content diversity. A/B testing on a commercial chatbot shows that users are more satisfied with our system. This study demonstrates the feasibility of building stylistic dialogue systems by simple data augmentation.