Leveraging Zero-Shot Prompting for Efficient Language Model Distillation

This paper introduces a novel approach for efficiently distilling LLMs into smaller, application-specific models, significantly reducing operational costs and manual labor. Addressing the challenge of deploying computationally intensive LLMs in specific applications or edge devices, this technique utilizes LLMs' reasoning capabilities to generate labels and natural language rationales for unlabeled data. Our approach enhances both finetuning and distillation by employing a multi-task training framework where student models mimic these rationales alongside teacher predictions. Key contributions include the employment of zero-shot prompting to elicit teacher model rationales, reducing the necessity for handcrafted few-shot examples and lowering the overall token count required, which directly translates to cost savings given the pay-per-token billing model of major tech companies' LLM APIs. Additionally, the paper investigates the impact of explanation properties on distillation efficiency, demonstrating that minimal performance loss occurs even when rationale augmentation is not applied across the entire dataset, facilitating further reductions of tokens. This research marks a step toward the efficient training of task-specific models with minimal human intervention, offering substantial cost-savings while maintaining, or even enhancing, performance.

Forecasting Cryptocurrency Prices Using Deep Learning: Integrating Financial, Blockchain, and Text Data

This paper explores the application of Machine Learning (ML) and Natural Language Processing (NLP) techniques in cryptocurrency price forecasting, specifically Bitcoin (BTC) and Ethereum (ETH). Focusing on news and social media data, primarily from Twitter and Reddit, we analyse the influence of public sentiment on cryptocurrency valuations using advanced deep learning NLP methods. Alongside conventional price regression, we treat cryptocurrency price forecasting as a classification problem. This includes both the prediction of price movements (up or down) and the identification of local extrema. We compare the performance of various ML models, both with and without NLP data integration. Our findings reveal that incorporating NLP data significantly enhances the forecasting performance of our models. We discover that pre-trained models, such as Twitter-RoBERTa and BART MNLI, are highly effective in capturing market sentiment, and that fine-tuning Large Language Models (LLMs) also yields substantial forecasting improvements. Notably, the BART MNLI zero-shot classification model shows considerable proficiency in extracting bullish and bearish signals from textual data. All of our models consistently generate profit across different validation scenarios, with no observed decline in profits or reduction in the impact of NLP data over time. The study highlights the potential of text analysis in improving financial forecasts and demonstrates the effectiveness of various NLP techniques in capturing nuanced market sentiment.