FinRobot: AI Agent for Equity Research and Valuation with Large Language Models

As financial markets grow increasingly complex, there is a rising need for automated tools that can effectively assist human analysts in equity research, particularly within sell-side research. While Generative AI (GenAI) has attracted significant attention in this field, existing AI solutions often fall short due to their narrow focus on technical factors and limited capacity for discretionary judgment. These limitations hinder their ability to adapt to new data in real-time and accurately assess risks, which diminishes their practical value for investors. This paper presents FinRobot, the first AI agent framework specifically designed for equity research. FinRobot employs a multi-agent Chain of Thought (CoT) system, integrating both quantitative and qualitative analyses to emulate the comprehensive reasoning of a human analyst. The system is structured around three specialized agents: the Data-CoT Agent, which aggregates diverse data sources for robust financial integration; the Concept-CoT Agent, which mimics an analysts reasoning to generate actionable insights; and the Thesis-CoT Agent, which synthesizes these insights into a coherent investment thesis and report. FinRobot provides thorough company analysis supported by precise numerical data, industry-appropriate valuation metrics, and realistic risk assessments. Its dynamically updatable data pipeline ensures that research remains timely and relevant, adapting seamlessly to new financial information. Unlike existing automated research tools, such as CapitalCube and Wright Reports, FinRobot delivers insights comparable to those produced by major brokerage firms and fundamental research vendors. We open-source FinRobot at \url{https://github. com/AI4Finance-Foundation/FinRobot}.

HACMan++: Spatially-Grounded Motion Primitives for Manipulation

Although end-to-end robot learning has shown some success for robot manipulation, the learned policies are often not sufficiently robust to variations in object pose or geometry. To improve the policy generalization, we introduce spatially-grounded parameterized motion primitives in our method HACMan++. Specifically, we propose an action representation consisting of three components: what primitive type (such as grasp or push) to execute, where the primitive will be grounded (e.g. where the gripper will make contact with the world), and how the primitive motion is executed, such as parameters specifying the push direction or grasp orientation. These three components define a novel discrete-continuous action space for reinforcement learning. Our framework enables robot agents to learn to chain diverse motion primitives together and select appropriate primitive parameters to complete long-horizon manipulation tasks. By grounding the primitives on a spatial location in the environment, our method is able to effectively generalize across object shape and pose variations. Our approach significantly outperforms existing methods, particularly in complex scenarios demanding both high-level sequential reasoning and object generalization. With zero-shot sim-to-real transfer, our policy succeeds in challenging real-world manipulation tasks, with generalization to unseen objects. Videos can be found on the project website: https://sgmp-rss2024.github.io.

DROID: A Large-Scale In-The-Wild Robot Manipulation Dataset

The creation of large, diverse, high-quality robot manipulation datasets is an important stepping stone on the path toward more capable and robust robotic manipulation policies. However, creating such datasets is challenging: collecting robot manipulation data in diverse environments poses logistical and safety challenges and requires substantial investments in hardware and human labour. As a result, even the most general robot manipulation policies today are mostly trained on data collected in a small number of environments with limited scene and task diversity. In this work, we introduce DROID (Distributed Robot Interaction Dataset), a diverse robot manipulation dataset with 76k demonstration trajectories or 350 hours of interaction data, collected across 564 scenes and 84 tasks by 50 data collectors in North America, Asia, and Europe over the course of 12 months. We demonstrate that training with DROID leads to policies with higher performance and improved generalization ability. We open source the full dataset, policy learning code, and a detailed guide for reproducing our robot hardware setup.

Stabilize to Act: Learning to Coordinate for Bimanual Manipulation

Key to rich, dexterous manipulation in the real world is the ability to coordinate control across two hands. However, while the promise afforded by bimanual robotic systems is immense, constructing control policies for dual arm autonomous systems brings inherent difficulties. One such difficulty is the high-dimensionality of the bimanual action space, which adds complexity to both model-based and data-driven methods. We counteract this challenge by drawing inspiration from humans to propose a novel role assignment framework: a stabilizing arm holds an object in place to simplify the environment while an acting arm executes the task. We instantiate this framework with BimanUal Dexterity from Stabilization (BUDS), which uses a learned restabilizing classifier to alternate between updating a learned stabilization position to keep the environment unchanged, and accomplishing the task with an acting policy learned from demonstrations. We evaluate BUDS on four bimanual tasks of varying complexities on real-world robots, such as zipping jackets and cutting vegetables. Given only 20 demonstrations, BUDS achieves 76.9% task success across our task suite, and generalizes to out-of-distribution objects within a class with a 52.7% success rate. BUDS is 56.0% more successful than an unstructured baseline that instead learns a BC stabilizing policy due to the precision required of these complex tasks. Supplementary material and videos can be found at https://sites.google.com/view/stabilizetoact .

Learning Bimanual Scooping Policies for Food Acquisition

A robotic feeding system must be able to acquire a variety of foods. Prior bite acquisition works consider single-arm spoon scooping or fork skewering, which do not generalize to foods with complex geometries and deformabilities. For example, when acquiring a group of peas, skewering could smoosh the peas while scooping without a barrier could result in chasing the peas on the plate. In order to acquire foods with such diverse properties, we propose stabilizing food items during scooping using a second arm, for example, by pushing peas against the spoon with a flat surface to prevent dispersion. The added stabilizing arm can lead to new challenges. Critically, this arm should stabilize the food scene without interfering with the acquisition motion, which is especially difficult for easily breakable high-risk food items like tofu. These high-risk foods can break between the pusher and spoon during scooping, which can lead to food waste falling out of the spoon. We propose a general bimanual scooping primitive and an adaptive stabilization strategy that enables successful acquisition of a diverse set of food geometries and physical properties. Our approach, CARBS: Coordinated Acquisition with Reactive Bimanual Scooping, learns to stabilize without impeding task progress by identifying high-risk foods and robustly scooping them using closed-loop visual feedback. We find that CARBS is able to generalize across food shape, size, and deformability and is additionally able to manipulate multiple food items simultaneously. CARBS achieves 87.0% success on scooping rigid foods, which is 25.8% more successful than a single-arm baseline, and reduces food breakage by 16.2% compared to an analytical baseline. Videos can be found at https://sites.google.com/view/bimanualscoop-corl22/home .

In-Mouth Robotic Bite Transfer with Visual and Haptic Sensing

Assistance during eating is essential for those with severe mobility issues or eating risks. However, dependence on traditional human caregivers is linked to malnutrition, weight loss, and low self-esteem. For those who require eating assistance, a semi-autonomous robotic platform can provide independence and a healthier lifestyle. We demonstrate an essential capability of this platform: safe, comfortable, and effective transfer of a bite-sized food item from a utensil directly to the inside of a person's mouth. Our system uses a force-reactive controller to safely accommodate the user's motions throughout the transfer, allowing full reactivity until bite detection then reducing reactivity in the direction of exit. Additionally, we introduce a novel dexterous wrist-like end effector capable of small, unimposing movements to reduce user discomfort. We conduct a user study with 11 participants covering 8 diverse food categories to evaluate our system end-to-end, and we find that users strongly prefer our method to a wide range of baselines. Appendices and videos are available at our website: https://tinyurl.com/btICRA.

Solving Compositional Reinforcement Learning Problems via Task Reduction

We propose a novel learning paradigm, Self-Imitation via Reduction (SIR), for solving compositional reinforcement learning problems. SIR is based on two core ideas: task reduction and self-imitation. Task reduction tackles a hard-to-solve task by actively reducing it to an easier task whose solution is known by the RL agent. Once the original hard task is successfully solved by task reduction, the agent naturally obtains a self-generated solution trajectory to imitate. By continuously collecting and imitating such demonstrations, the agent is able to progressively expand the solved subspace in the entire task space. Experiment results show that SIR can significantly accelerate and improve learning on a variety of challenging sparse-reward continuous-control problems with compositional structures. Code and videos are available at https://sites.google.com/view/sir-compositional.

Learning to Manipulate Deformable Objects without Demonstrations

In this paper we tackle the problem of deformable object manipulation through model-free visual reinforcement learning (RL). In order to circumvent the sample inefficiency of RL, we propose two key ideas that accelerate learning. First, we propose an iterative pick-place action space that encodes the conditional relationship between picking and placing on deformable objects. The explicit structural encoding enables faster learning under complex object dynamics. Second, instead of jointly learning both the pick and the place locations, we only explicitly learn the placing policy conditioned on random pick points. Then, by selecting the pick point that has Maximal Value under Placing (MVP), we obtain our picking policy. Using this learning framework, we obtain an order of magnitude faster learning compared to independent action-spaces on our suite of deformable object manipulation tasks. Finally, using domain randomization, we transfer our policies to a real PR2 robot for challenging cloth and rope manipulation.