Interpreting LLMs as Credit Risk Classifiers: Do Their Feature Explanations Align with Classical ML?

Large Language Models (LLMs) are increasingly explored as flexible alternatives to classical machine learning models for classification tasks through zero-shot prompting. However, their suitability for structured tabular data remains underexplored, especially in high-stakes financial applications such as financial risk assessment. This study conducts a systematic comparison between zero-shot LLM-based classifiers and LightGBM, a state-of-the-art gradient-boosting model, on a real-world loan default prediction task. We evaluate their predictive performance, analyze feature attributions using SHAP, and assess the reliability of LLM-generated self-explanations. While LLMs are able to identify key financial risk indicators, their feature importance rankings diverge notably from LightGBM, and their self-explanations often fail to align with empirical SHAP attributions. These findings highlight the limitations of LLMs as standalone models for structured financial risk prediction and raise concerns about the trustworthiness of their self-generated explanations. Our results underscore the need for explainability audits, baseline comparisons with interpretable models, and human-in-the-loop oversight when deploying LLMs in risk-sensitive financial environments.

StructTest: Benchmarking LLMs' Reasoning through Compositional Structured Outputs

The rapid development of large language models (LLMs) necessitates robust, unbiased, and scalable methods for evaluating their capabilities. However, human annotations are expensive to scale, model-based evaluations are prone to biases in answer style, while target-answer-based benchmarks are vulnerable to data contamination and cheating. To address these limitations, we propose StructTest, a novel benchmark that evaluates LLMs on their ability to produce compositionally specified structured outputs as an unbiased, cheap-to-run and difficult-to-cheat measure. The evaluation is done deterministically by a rule-based evaluator, which can be easily extended to new tasks. By testing structured outputs across diverse task domains -- including Summarization, Code, HTML and Math -- we demonstrate that StructTest serves as a good proxy for general reasoning abilities, as producing structured outputs often requires internal logical reasoning. We believe that StructTest offers a critical, complementary approach to objective and robust model evaluation.

Enriching Datasets with Demographics through Large Language Models: What's in a Name?

Enriching datasets with demographic information, such as gender, race, and age from names, is a critical task in fields like healthcare, public policy, and social sciences. Such demographic insights allow for more precise and effective engagement with target populations. Despite previous efforts employing hidden Markov models and recurrent neural networks to predict demographics from names, significant limitations persist: the lack of large-scale, well-curated, unbiased, publicly available datasets, and the lack of an approach robust across datasets. This scarcity has hindered the development of traditional supervised learning approaches. In this paper, we demonstrate that the zero-shot capabilities of Large Language Models (LLMs) can perform as well as, if not better than, bespoke models trained on specialized data. We apply these LLMs to a variety of datasets, including a real-life, unlabelled dataset of licensed financial professionals in Hong Kong, and critically assess the inherent demographic biases in these models. Our work not only advances the state-of-the-art in demographic enrichment but also opens avenues for future research in mitigating biases in LLMs.

How Much are LLMs Contaminated? A Comprehensive Survey and the LLMSanitize Library

With the rise of Large Language Models (LLMs) in recent years, new opportunities are emerging, but also new challenges, and contamination is quickly becoming critical. Business applications and fundraising in AI have reached a scale at which a few percentage points gained on popular question-answering benchmarks could translate into dozens of millions of dollars, placing high pressure on model integrity. At the same time, it is becoming harder and harder to keep track of the data that LLMs have seen; if not impossible with closed-source models like GPT-4 and Claude-3 not divulging any information on the training set. As a result, contamination becomes a critical issue: LLMs' performance may not be reliable anymore, as the high performance may be at least partly due to their previous exposure to the data. This limitation jeopardizes the entire progress in the field of NLP, yet, there remains a lack of methods on how to efficiently address contamination, or a clear consensus on prevention, mitigation and classification of contamination. In this paper, we survey all recent work on contamination with LLMs, and help the community track contamination levels of LLMs by releasing an open-source Python library named LLMSanitize implementing major contamination detection algorithms, which link is: https://github.com/ntunlp/LLMSanitize.

Parameter-Efficient Conversational Recommender System as a Language Processing Task

Conversational recommender systems (CRS) aim to recommend relevant items to users by eliciting user preference through natural language conversation. Prior work often utilizes external knowledge graphs for items' semantic information, a language model for dialogue generation, and a recommendation module for ranking relevant items. This combination of multiple components suffers from a cumbersome training process, and leads to semantic misalignment issues between dialogue generation and item recommendation. In this paper, we represent items in natural language and formulate CRS as a natural language processing task. Accordingly, we leverage the power of pre-trained language models to encode items, understand user intent via conversation, perform item recommendation through semantic matching, and generate dialogues. As a unified model, our PECRS (Parameter-Efficient CRS), can be optimized in a single stage, without relying on non-textual metadata such as a knowledge graph. Experiments on two benchmark CRS datasets, ReDial and INSPIRED, demonstrate the effectiveness of PECRS on recommendation and conversation. Our code is available at: https://github.com/Ravoxsg/efficient_unified_crs.

LOCOST: State-Space Models for Long Document Abstractive Summarization

State-space models are a low-complexity alternative to transformers for encoding long sequences and capturing long-term dependencies. We propose LOCOST: an encoder-decoder architecture based on state-space models for conditional text generation with long context inputs. With a computational complexity of $O(L \log L)$, this architecture can handle significantly longer sequences than state-of-the-art models that are based on sparse attention patterns. We evaluate our model on a series of long document abstractive summarization tasks. The model reaches a performance level that is 93-96% comparable to the top-performing sparse transformers of the same size while saving up to 50% memory during training and up to 87% during inference. Additionally, LOCOST effectively handles input texts exceeding 600K tokens at inference time, setting new state-of-the-art results on full-book summarization and opening new perspectives for long input processing.

ChatGPT's One-year Anniversary: Are Open-Source Large Language Models Catching up?

Upon its release in late 2022, ChatGPT has brought a seismic shift in the entire landscape of AI, both in research and commerce. Through instruction-tuning a large language model (LLM) with supervised fine-tuning and reinforcement learning from human feedback, it showed that a model could answer human questions and follow instructions on a broad panel of tasks. Following this success, interests in LLMs have intensified, with new LLMs flourishing at frequent interval across academia and industry, including many start-ups focused on LLMs. While closed-source LLMs (e.g., OpenAI's GPT, Anthropic's Claude) generally outperform their open-source counterparts, the progress on the latter has been rapid with claims of achieving parity or even better on certain tasks. This has crucial implications not only on research but also on business. In this work, on the first anniversary of ChatGPT, we provide an exhaustive overview of this success, surveying all tasks where an open-source LLM has claimed to be on par or better than ChatGPT.

On Position Bias in Summarization with Large Language Models

Large language models (LLMs) excel in zero-shot abstractive summarization tasks, delivering fluent and pertinent summaries. Recent advancements have extended their capabilities to handle long-input contexts, surpassing token limits of 32k or more. However, in the realm of multi-document question answering, language models exhibit uneven utilization of their input context. They tend to favor the initial and final segments, resulting in a U-shaped performance pattern concerning where the answer is located within the input. This bias raises concerns, particularly in summarization tasks where crucial content may be dispersed throughout the source document(s). This paper presents a comprehensive investigation encompassing 10 datasets, 4 LLMs, and 5 evaluation metrics to analyze how these models leverage their input for abstractive summarization. Our findings reveal a pronounced bias towards the introductory content (and to a lesser extent, the final content), posing challenges for LLM performance across a range of diverse summarization benchmarks.

PromptSum: Parameter-Efficient Controllable Abstractive Summarization

Prompt tuning (PT), a parameter-efficient technique that only tunes the additional prompt embeddings while keeping the backbone pre-trained language model (PLM) frozen, has shown promising results in language understanding tasks, especially in low-resource scenarios. However, effective prompt design methods suitable for generation tasks such as summarization are still lacking. At the same time, summarization guided through instructions (discrete prompts) can achieve a desirable double objective of high quality and controllability in summary generation. Towards a goal of strong summarization performance under the triple conditions of parameter-efficiency, data-efficiency, and controllability, we introduce PromptSum, a method combining PT with a multi-task objective and discrete entity prompts for abstractive summarization. Our model achieves competitive ROUGE results on popular abstractive summarization benchmarks coupled with a strong level of controllability through entities, all while only tuning several orders of magnitude less parameters.

A Data-centric Framework for Improving Domain-specific Machine Reading Comprehension Datasets

Low-quality data can cause downstream problems in high-stakes applications. Data-centric approach emphasizes on improving dataset quality to enhance model performance. High-quality datasets are needed for general-purpose Large Language Models (LLMs) training, as well as for domain-specific models, which are usually small in size as it is costly to engage a large number of domain experts for their creation. Thus, it is vital to ensure high-quality domain-specific training data. In this paper, we propose a framework for enhancing the data quality of original datasets. We applied the proposed framework to four biomedical datasets and showed relative improvement of up to 33%/40% for fine-tuning of retrieval/reader models on the BioASQ dataset when using back translation to enhance the original dataset quality.