FinTeamExperts: Role Specialized MOEs For Financial Analysis

Large Language Models (LLMs), such as ChatGPT, Phi3 and Llama-3, are leading a significant leap in AI, as they can generalize knowledge from their training to new tasks without fine-tuning. However, their application in the financial domain remains relatively limited. The financial field is inherently complex, requiring a deep understanding across various perspectives, from macro, micro economic trend to quantitative analysis. Motivated by this complexity, a mixture of expert LLMs tailored to specific financial domains could offer a more comprehensive understanding for intricate financial tasks. In this paper, we present the FinTeamExperts, a role-specialized LLM framework structured as a Mixture of Experts (MOEs) for financial analysis. The framework simulates a collaborative team setting by training each model to specialize in distinct roles: Macro Analysts, Micro analysts, and Quantitative Analysts. This role-specific specialization enhances the model's ability to integrate their domain-specific expertise. We achieve this by training three 8-billion parameter models on different corpus, each dedicated to excelling in specific finance-related roles. We then instruct-tune FinTeamExperts on downstream tasks to align with practical financial tasks. The experimental results show that FinTeamExperts outperform all models of the same size and larger on three out of four datasets. On the fourth dataset, which presents a more complex task, FinTeamExperts still surpass all models of the same size. This highlights the success of our role-based specialization approach and the continued training approach for FinTeamExperts.

Latent Space Score-based Diffusion Model for Probabilistic Multivariate Time Series Imputation

Accurate imputation is essential for the reliability and success of downstream tasks. Recently, diffusion models have attracted great attention in this field. However, these models neglect the latent distribution in a lower-dimensional space derived from the observed data, which limits the generative capacity of the diffusion model. Additionally, dealing with the original missing data without labels becomes particularly problematic. To address these issues, we propose the Latent Space Score-Based Diffusion Model (LSSDM) for probabilistic multivariate time series imputation. Observed values are projected onto low-dimensional latent space and coarse values of the missing data are reconstructed without knowing their ground truth values by this unsupervised learning approach. Finally, the reconstructed values are fed into a conditional diffusion model to obtain the precise imputed values of the time series. In this way, LSSDM not only possesses the power to identify the latent distribution but also seamlessly integrates the diffusion model to obtain the high-fidelity imputed values and assess the uncertainty of the dataset. Experimental results demonstrate that LSSDM achieves superior imputation performance while also providing a better explanation and uncertainty analysis of the imputation mechanism. The website of the code is \textit{https://github.com/gorgen2020/LSSDM\_imputation}.

An Empirical Study on Information Extraction using Large Language Models

Human-like large language models (LLMs), especially the most powerful and popular ones in OpenAI's GPT family, have proven to be very helpful for many natural language processing (NLP) related tasks. Therefore, various attempts have been made to apply LLMs to information extraction (IE), which is a fundamental NLP task that involves extracting information from unstructured plain text. To demonstrate the latest representative progress in LLMs' information extraction ability, we assess the information extraction ability of GPT-4 (the latest version of GPT at the time of writing this paper) from four perspectives: Performance, Evaluation Criteria, Robustness, and Error Types. Our results suggest a visible performance gap between GPT-4 and state-of-the-art (SOTA) IE methods. To alleviate this problem, considering the LLMs' human-like characteristics, we propose and analyze the effects of a series of simple prompt-based methods, which can be generalized to other LLMs and NLP tasks. Rich experiments show our methods' effectiveness and some of their remaining issues in improving GPT-4's information extraction ability.

SarcasmBench: Towards Evaluating Large Language Models on Sarcasm Understanding

In the era of large language models (LLMs), the task of ``System I''~-~the fast, unconscious, and intuitive tasks, e.g., sentiment analysis, text classification, etc., have been argued to be successfully solved. However, sarcasm, as a subtle linguistic phenomenon, often employs rhetorical devices like hyperbole and figuration to convey true sentiments and intentions, involving a higher level of abstraction than sentiment analysis. There is growing concern that the argument about LLMs' success may not be fully tenable when considering sarcasm understanding. To address this question, we select eleven SOTA LLMs and eight SOTA pre-trained language models (PLMs) and present comprehensive evaluations on six widely used benchmark datasets through different prompting approaches, i.e., zero-shot input/output (IO) prompting, few-shot IO prompting, chain of thought (CoT) prompting. Our results highlight three key findings: (1) current LLMs underperform supervised PLMs based sarcasm detection baselines across six sarcasm benchmarks. This suggests that significant efforts are still required to improve LLMs' understanding of human sarcasm. (2) GPT-4 consistently and significantly outperforms other LLMs across various prompting methods, with an average improvement of 14.0\%$\uparrow$. Claude 3 and ChatGPT demonstrate the next best performance after GPT-4. (3) Few-shot IO prompting method outperforms the other two methods: zero-shot IO and few-shot CoT. The reason is that sarcasm detection, being a holistic, intuitive, and non-rational cognitive process, is argued not to adhere to step-by-step logical reasoning, making CoT less effective in understanding sarcasm compared to its effectiveness in mathematical reasoning tasks.

Towards Evaluating Large Language Models on Sarcasm Understanding

In the era of large language models (LLMs), the task of ``System I''~-~the fast, unconscious, and intuitive tasks, e.g., sentiment analysis, text classification, etc., have been argued to be successfully solved. However, sarcasm, as a subtle linguistic phenomenon, often employs rhetorical devices like hyperbole and figuration to convey true sentiments and intentions, involving a higher level of abstraction than sentiment analysis. There is growing concern that the argument about LLMs' success may not be fully tenable when considering sarcasm understanding. To address this question, we select eleven SOTA LLMs and eight SOTA pre-trained language models (PLMs) and present comprehensive evaluations on six widely used benchmark datasets through different prompting approaches, i.e., zero-shot input/output (IO) prompting, few-shot IO prompting, chain of thought (CoT) prompting. Our results highlight three key findings: (1) current LLMs underperform supervised PLMs based sarcasm detection baselines across six sarcasm benchmarks. This suggests that significant efforts are still required to improve LLMs' understanding of human sarcasm. (2) GPT-4 consistently and significantly outperforms other LLMs across various prompting methods, with an average improvement of 14.0\%$\uparrow$. Claude 3 and ChatGPT demonstrate the next best performance after GPT-4. (3) Few-shot IO prompting method outperforms the other two methods: zero-shot IO and few-shot CoT. The reason is that sarcasm detection, being a holistic, intuitive, and non-rational cognitive process, is argued not to adhere to step-by-step logical reasoning, making CoT less effective in understanding sarcasm compared to its effectiveness in mathematical reasoning tasks.

Combined CNN and ViT features off-the-shelf: Another astounding baseline for recognition

We apply pre-trained architectures, originally developed for the ImageNet Large Scale Visual Recognition Challenge, for periocular recognition. These architectures have demonstrated significant success in various computer vision tasks beyond the ones for which they were designed. This work builds on our previous study using off-the-shelf Convolutional Neural Network (CNN) and extends it to include the more recently proposed Vision Transformers (ViT). Despite being trained for generic object classification, middle-layer features from CNNs and ViTs are a suitable way to recognize individuals based on periocular images. We also demonstrate that CNNs and ViTs are highly complementary since their combination results in boosted accuracy. In addition, we show that a small portion of these pre-trained models can achieve good accuracy, resulting in thinner models with fewer parameters, suitable for resource-limited environments such as mobiles. This efficiency improves if traditional handcrafted features are added as well.

Multiple Kronecker RLS fusion-based link propagation for drug-side effect prediction

Drug-side effect prediction has become an essential area of research in the field of pharmacology. As the use of medications continues to rise, so does the importance of understanding and mitigating the potential risks associated with them. At present, researchers have turned to data-driven methods to predict drug-side effects. Drug-side effect prediction is a link prediction problem, and the related data can be described from various perspectives. To process these kinds of data, a multi-view method, called Multiple Kronecker RLS fusion-based link propagation (MKronRLSF-LP), is proposed. MKronRLSF-LP extends the Kron-RLS by finding the consensus partitions and multiple graph Laplacian constraints in the multi-view setting. Both of these multi-view settings contribute to a higher quality result. Extensive experiments have been conducted on drug-side effect datasets, and our empirical results provide evidence that our approach is effective and robust.

Expected Grad-CAM: Towards gradient faithfulness

Although input-gradients techniques have evolved to mitigate and tackle the challenges associated with gradients, modern gradient-weighted CAM approaches still rely on vanilla gradients, which are inherently susceptible to the saturation phenomena. Despite recent enhancements have incorporated counterfactual gradient strategies as a mitigating measure, these local explanation techniques still exhibit a lack of sensitivity to their baseline parameter. Our work proposes a gradient-weighted CAM augmentation that tackles both the saturation and sensitivity problem by reshaping the gradient computation, incorporating two well-established and provably approaches: Expected Gradients and kernel smoothing. By revisiting the original formulation as the smoothed expectation of the perturbed integrated gradients, one can concurrently construct more faithful, localized and robust explanations which minimize infidelity. Through fine modulation of the perturbation distribution it is possible to regulate the complexity characteristic of the explanation, selectively discriminating stable features. Our technique, Expected Grad-CAM, differently from recent works, exclusively optimizes the gradient computation, purposefully designed as an enhanced substitute of the foundational Grad-CAM algorithm and any method built therefrom. Quantitative and qualitative evaluations have been conducted to assess the effectiveness of our method.

Deep Network Pruning: A Comparative Study on CNNs in Face Recognition

The widespread use of mobile devices for all kind of transactions makes necessary reliable and real-time identity authentication, leading to the adoption of face recognition (FR) via the cameras embedded in such devices. Progress of deep Convolutional Neural Networks (CNNs) has provided substantial advances in FR. Nonetheless, the size of state-of-the-art architectures is unsuitable for mobile deployment, since they often encompass hundreds of megabytes and millions of parameters. We address this by studying methods for deep network compression applied to FR. In particular, we apply network pruning based on Taylor scores, where less important filters are removed iteratively. The method is tested on three networks based on the small SqueezeNet (1.24M parameters) and the popular MobileNetv2 (3.5M) and ResNet50 (23.5M) architectures. These have been selected to showcase the method on CNNs with different complexities and sizes. We observe that a substantial percentage of filters can be removed with minimal performance loss. Also, filters with the highest amount of output channels tend to be removed first, suggesting that high-dimensional spaces within popular CNNs are over-dimensionated.

Mixture of Experts Using Tensor Products

In multi-task learning, the conventional approach involves training a model on multiple tasks simultaneously. However, the training signals from different tasks can interfere with one another, potentially leading to \textit{negative transfer}. To mitigate this, we investigate if modular language models can facilitate positive transfer and systematic generalization. Specifically, we propose a novel modular language model (\texttt{TensorPoly}), that balances parameter efficiency with nuanced routing methods. For \textit{modules}, we reparameterize Low-Rank Adaptation (\texttt{LoRA}) by employing an entangled tensor through the use of tensor product operations and name the resulting approach \texttt{TLoRA}. For \textit{routing function}, we tailor two innovative routing functions according to the granularity: \texttt{TensorPoly-I} which directs to each rank within the entangled tensor while \texttt{TensorPoly-II} offers a finer-grained routing approach targeting each order of the entangled tensor. The experimental results from the multi-task T0-benchmark demonstrate that: 1) all modular LMs surpass the corresponding dense approaches, highlighting the potential of modular language models to mitigate negative inference in multi-task learning and deliver superior outcomes. 2) \texttt{TensorPoly-I} achieves higher parameter efficiency in adaptation and outperforms other modular LMs, which shows the potential of our approach in multi-task transfer learning.