Jaydip Sen

Jaydip Sen

Artificial Intelligence has achieved remarkable success across diverse application domains. However, its vulnerability to adversarial attacks poses significant challenges to reliability, security, and trustworthiness. Adversarial machine learning demonstrates that even highly accurate models can be manipulated through carefully crafted perturbations, raising serious concerns in safety critical systems such as healthcare, finance, and autonomous technologies. In parallel, quantum computing has emerged as a transformative paradigm capable of addressing complex computational problems through principles such as superposition, entanglement, and quantum interference. The convergence of these fields has led to the emergence of quantum artificial intelligence, which explores how quantum techniques can enhance learning efficiency, scalability, and robustness. This chapter provides a comprehensive overview of adversarial machine learning and existing defense strategies, followed by an accessible introduction to quantum computing and quantum machine learning models. It further presents conceptual frameworks for quantum-enhanced adversarial robustness, emphasizing quantum optimization, feature mapping, and hybrid quantum classical architectures. Practical applications, key challenges, and future research directions are also discussed to support the development of secure and trustworthy AI systems.

Jaydip Sen, Sidra Mehtab, Abhishek Dutta et al.

Accurate prediction of future prices of stocks is a difficult task to perform. Even more challenging is to design an optimized portfolio of stocks with the identification of proper weights of allocation to achieve the optimized values of return and risk. We present optimized portfolios based on the seven sectors of the Indian economy. The past prices of the stocks are extracted from the web from January 1, 2016, to December 31, 2020. Optimum portfolios are designed on the selected seven sectors. An LSTM regression model is also designed for predicting future stock prices. Five months after the construction of the portfolios, i.e., on June 1, 2021, the actual and predicted returns and risks of each portfolio are computed. The predicted and the actual returns indicate the very high accuracy of the LSTM model.

Jaydip Sen, Subhasis Dasgupta

This chapter introduces the concept of adversarial attacks on image classification models built on convolutional neural networks (CNN). CNNs are very popular deep-learning models which are used in image classification tasks. However, very powerful and pre-trained CNN models working very accurately on image datasets for image classification tasks may perform disastrously when the networks are under adversarial attacks. In this work, two very well-known adversarial attacks are discussed and their impact on the performance of image classifiers is analyzed. These two adversarial attacks are the fast gradient sign method (FGSM) and adversarial patch attack. These attacks are launched on three powerful pre-trained image classifier architectures, ResNet-34, GoogleNet, and DenseNet-161. The classification accuracy of the models in the absence and presence of the two attacks are computed on images from the publicly accessible ImageNet dataset. The results are analyzed to evaluate the impact of the attacks on the image classification task.

Jaydip Sen, Saikat Mondal, Gourab Nath

Accurate prediction of future prices of stocks is a difficult task to perform. Even more challenging is to design an optimized portfolio with weights allocated to the stocks in a way that optimizes its return and the risk. This paper presents a systematic approach towards building two types of portfolios, optimum risk, and eigen, for four critical economic sectors of India. The prices of the stocks are extracted from the web from Jan 1, 2016, to Dec 31, 2020. Sector-wise portfolios are built based on their ten most significant stocks. An LSTM model is also designed for predicting future stock prices. Six months after the construction of the portfolios, i.e., on Jul 1, 2021, the actual returns and the LSTM-predicted returns for the portfolios are computed. A comparison of the predicted and the actual returns indicate a high accuracy level of the LSTM model.

Ananda Chatterjee, Hrisav Bhowmick, Jaydip Sen

Volatility clustering is a crucial property that has a substantial impact on stock market patterns. Nonetheless, developing robust models for accurately predicting future stock price volatility is a difficult research topic. For predicting the volatility of three equities listed on India's national stock market (NSE), we propose multiple volatility models depending on the generalized autoregressive conditional heteroscedasticity (GARCH), Glosten-Jagannathan-GARCH (GJR-GARCH), Exponential general autoregressive conditional heteroskedastic (EGARCH), and LSTM framework. Sector-wise stocks have been chosen in our study. The sectors which have been considered are banking, information technology (IT), and pharma. yahoo finance has been used to obtain stock price data from Jan 2017 to Dec 2021. Among the pulled-out records, the data from Jan 2017 to Dec 2020 have been taken for training, and data from 2021 have been chosen for testing our models. The performance of predicting the volatility of stocks of three sectors has been evaluated by implementing three different types of GARCH models as well as by the LSTM model are compared. It has been observed the LSTM performed better in predicting volatility in pharma over banking and IT sectors. In tandem, it was also observed that E-GARCH performed better in the case of the banking sector and for IT and pharma, GJR-GARCH performed better.

Jaydip Sen, Abhishek Dutta

Portfolio optimization has been an area of research that has attracted a lot of attention from researchers and financial analysts. Designing an optimum portfolio is a complex task since it not only involves accurate forecasting of future stock returns and risks but also needs to optimize them. This paper presents a systematic approach to portfolio optimization using two approaches, the hierarchical risk parity algorithm and the Eigen portfolio on seven sectors of the Indian stock market. The portfolios are built following the two approaches to historical stock prices from Jan 1, 2016, to Dec 31, 2020. The portfolio performances are evaluated on the test data from Jan 1, 2021, to Nov 1, 2021. The backtesting results of the portfolios indicate that the performance of the HRP portfolio is superior to that of its Eigen counterpart on both training and test data for the majority of the sectors studied.

Subhasis Dasgupta, Jaydip Sen

Opinion mining is the branch of computation that deals with opinions, appraisals, attitudes, and emotions of people and their different aspects. This field has attracted substantial research interest in recent years. Aspect-level (called aspect-based opinion mining) is often desired in practical applications as it provides detailed opinions or sentiments about different aspects of entities and entities themselves, which are usually required for action. Aspect extraction and entity extraction are thus two core tasks of aspect-based opinion mining. his paper has presented a framework of aspect-based opinion mining based on the concept of transfer learning. on real-world customer reviews available on the Amazon website. The model has yielded quite satisfactory results in its task of aspect-based opinion mining.

Jaydip Sen, Subhasis Dasgupta

Portfolio optimization has been an area that has attracted considerable attention from the financial research community. Designing a profitable portfolio is a challenging task involving precise forecasting of future stock returns and risks. This chapter presents a comparative study of three portfolio design approaches, the mean-variance portfolio (MVP), hierarchical risk parity (HRP)-based portfolio, and autoencoder-based portfolio. These three approaches to portfolio design are applied to the historical prices of stocks chosen from ten thematic sectors listed on the National Stock Exchange (NSE) of India. The portfolios are designed using the stock price data from January 1, 2018, to December 31, 2021, and their performances are tested on the out-of-sample data from January 1, 2022, to December 31, 2022. Extensive results are analyzed on the performance of the portfolios. It is observed that the performance of the MVP portfolio is the best on the out-of-sample data for the risk-adjusted returns. However, the autoencoder portfolios outperformed their counterparts on annual returns.

Jaydip Sen, Subhasis Dasgupta

Recent developments in hardware and information technology have enabled the emergence of billions of connected, intelligent devices around the world exchanging information with minimal human involvement. This paradigm, known as the Internet of Things (IoT) is progressing quickly with an estimated 27 billion devices by 2025. This growth in the number of IoT devices and successful IoT services has generated a tremendous amount of data. However, this humongous volume of data poses growing concerns for user privacy. This introductory chapter has presented a brief survey of some of the existing data privacy-preservation schemes proposed by researchers in the field of the Internet of Things.

Jaydip Sen

The convergence of the Internet of Things (IoT) and quantum computing is redefining the security paradigm of interconnected digital systems. Classical cryptographic algorithms such as RSA, Elliptic Curve Cryptography (ECC), and Advanced Encryption Standard (AES) have long provided the foundation for securing IoT communication. However, the emergence of quantum algorithms such as Shor's and Grover's threatens to render these techniques vulnerable, necessitating the development of quantum-resilient alternatives. This chapter examines the implications of quantum computing for IoT security and explores strategies for building cryptographically robust systems in the post-quantum era. It presents an overview of Post-Quantum Cryptographic (PQC) families, including lattice-based, code-based, hash-based, and multivariate approaches, analyzing their potential for deployment in resource-constrained IoT environments. In addition, quantum-based methods such as Quantum Key Distribution (QKD) and Quantum Random Number Generators (QRNGs) are discussed for their ability to enhance confidentiality and privacy through physics-based security guarantees. The chapter also highlights issues of privacy management, regulatory compliance, and standardization, emphasizing the need for collaborative efforts across academia, industry, and governance. Overall, it provides a comprehensive perspective on security IoT ecosystems against quantum threats and ensures resilience in the next generation of intelligent networks.

Abhiraj Sen, Jaydip Sen

Designing an optimum portfolio for allocating suitable weights to its constituent assets so that the return and risk associated with the portfolio are optimized is a computationally hard problem. The seminal work of Markowitz that attempted to solve the problem by estimating the future returns of the stocks is found to perform sub-optimally on real-world stock market data. This is because the estimation task becomes extremely challenging due to the stochastic and volatile nature of stock prices. This work illustrates three approaches to portfolio design minimizing the risk, optimizing the risk, and assigning equal weights to the stocks of a portfolio. Thirteen critical sectors listed on the National Stock Exchange (NSE) of India are first chosen. Three portfolios are designed following the above approaches choosing the top ten stocks from each sector based on their free-float market capitalization. The portfolios are designed using the historical prices of the stocks from Jan 1, 2017, to Dec 31, 2022. The portfolios are evaluated on the stock price data from Jan 1, 2022, to Dec 31, 2022. The performances of the portfolios are compared, and the portfolio yielding the higher return for each sector is identified.

Jaydip Sen, Arpit Awad, Aaditya Raj et al.

The stock market offers a platform where people buy and sell shares of publicly listed companies. Generally, stock prices are quite volatile; hence predicting them is a daunting task. There is still much research going to develop more accuracy in stock price prediction. Portfolio construction refers to the allocation of different sector stocks optimally to achieve a maximum return by taking a minimum risk. A good portfolio can help investors earn maximum profit by taking a minimum risk. Beginning with Dow Jones Theory a lot of advancement has happened in the area of building efficient portfolios. In this project, we have tried to predict the future value of a few stocks from six important sectors of the Indian economy and also built a portfolio. As part of the project, our team has conducted a study of the performance of various Time series, machine learning, and deep learning models in stock price prediction on selected stocks from the chosen six important sectors of the economy. As part of building an efficient portfolio, we have studied multiple portfolio optimization theories beginning with the Modern Portfolio theory. We have built a minimum variance portfolio and optimal risk portfolio for all the six chosen sectors by using the daily stock prices over the past five years as training data and have also conducted back testing to check the performance of the portfolio. We look forward to continuing our study in the area of stock price prediction and asset allocation and consider this project as the first stepping stone.

Jaydip Sen, Arup Dasgupta, Partha Pratim Sengupta et al.

This chapter presents a comparative study of the three portfolio optimization methods, MVP, HRP, and HERC, on the Indian stock market, particularly focusing on the stocks chosen from 15 sectors listed on the National Stock Exchange of India. The top stocks of each cluster are identified based on their free-float market capitalization from the report of the NSE published on July 1, 2022 (NSE Website). For each sector, three portfolios are designed on stock prices from July 1, 2019, to June 30, 2022, following three portfolio optimization approaches. The portfolios are tested over the period from July 1, 2022, to June 30, 2023. For the evaluation of the performances of the portfolios, three metrics are used. These three metrics are cumulative returns, annual volatilities, and Sharpe ratios. For each sector, the portfolios that yield the highest cumulative return, the lowest volatility, and the maximum Sharpe Ratio over the training and the test periods are identified.

Hetvi Waghela, Jaydip Sen, Sneha Rakshit

Adversarial attacks, particularly the Fast Gradient Sign Method (FGSM) and Projected Gradient Descent (PGD) pose significant threats to the robustness of deep learning models in image classification. This paper explores and refines defense mechanisms against these attacks to enhance the resilience of neural networks. We employ a combination of adversarial training and innovative preprocessing techniques, aiming to mitigate the impact of adversarial perturbations. Our methodology involves modifying input data before classification and investigating different model architectures and training strategies. Through rigorous evaluation of benchmark datasets, we demonstrate the effectiveness of our approach in defending against FGSM and PGD attacks. Our results show substantial improvements in model robustness compared to baseline methods, highlighting the potential of our defense strategies in real-world applications. This study contributes to the ongoing efforts to develop secure and reliable machine learning systems, offering practical insights and paving the way for future research in adversarial defense. By bridging theoretical advancements and practical implementation, we aim to enhance the trustworthiness of AI applications in safety-critical domains.

Hetvi Waghela, Jaydip Sen, Sneha Rakshit

Adversarial attacks against deep learning models represent a major threat to the security and reliability of natural language processing (NLP) systems. In this paper, we propose a modification to the BERT-Attack framework, integrating Projected Gradient Descent (PGD) to enhance its effectiveness and robustness. The original BERT-Attack, designed for generating adversarial examples against BERT-based models, suffers from limitations such as a fixed perturbation budget and a lack of consideration for semantic similarity. The proposed approach in this work, PGD-BERT-Attack, addresses these limitations by leveraging PGD to iteratively generate adversarial examples while ensuring both imperceptibility and semantic similarity to the original input. Extensive experiments are conducted to evaluate the performance of PGD-BERT-Attack compared to the original BERT-Attack and other baseline methods. The results demonstrate that PGD-BERT-Attack achieves higher success rates in causing misclassification while maintaining low perceptual changes. Furthermore, PGD-BERT-Attack produces adversarial instances that exhibit greater semantic resemblance to the initial input, enhancing their applicability in real-world scenarios. Overall, the proposed modification offers a more effective and robust approach to adversarial attacks on BERT-based models, thus contributing to the advancement of defense against attacks on NLP systems.

Jaydip Sen

A pair-trading strategy is an approach that utilizes the fluctuations between prices of a pair of stocks in a short-term time frame, while in the long-term the pair may exhibit a strong association and co-movement pattern. When the prices of the stocks exhibit significant divergence, the shares of the stock that gains in price are sold (a short strategy) while the shares of the other stock whose price falls are bought (a long strategy). This paper presents a cointegration-based approach that identifies stocks listed in the five sectors of the National Stock Exchange (NSE) of India for designing efficient pair-trading portfolios. Based on the stock prices from Jan 1, 2018, to Dec 31, 2020, the cointegrated stocks are identified and the pairs are formed. The pair-trading portfolios are evaluated on their annual returns for the year 2021. The results show that the pairs of stocks from the auto and the realty sectors, in general, yielded the highest returns among the five sectors studied in the work. However, two among the five pairs from the information technology (IT) sector are found to have yielded negative returns.

Subhasis Dasgupta, Jaydip Sen

The study emphasizes the challenge of finding the optimal trade-off between bias and variance, especially as hyperparameter optimization increases in complexity. Through empirical analysis, three hyperparameter tuning algorithms Tree-structured Parzen Estimator (TPE), Genetic Search, and Random Search are evaluated across regression and classification tasks. The results show that nonlinear models, with properly tuned hyperparameters, significantly outperform linear models. Interestingly, Random Search excelled in regression tasks, while TPE was more effective for classification tasks. This suggests that there is no one-size-fits-all solution, as different algorithms perform better depending on the task and model type. The findings underscore the importance of selecting the appropriate tuning method and highlight the computational challenges involved in optimizing machine learning models, particularly as search spaces expand.

Subhasis Dasgupta, Soumya Roy, Jaydip Sen

In the internet era, almost every business entity is trying to have its digital footprint in digital media and other social media platforms. For these entities, word of mouse is also very important. Particularly, this is quite crucial for the hospitality sector dealing with hotels, restaurants etc. Consumers do read other consumers reviews before making final decisions. This is where it becomes very important to understand which aspects are affecting most in the minds of the consumers while giving their ratings. The current study focuses on the consumer reviews of Indian hotels to extract aspects important for final ratings. The study involves gathering data using web scraping methods, analyzing the texts using Latent Dirichlet Allocation for topic extraction and sentiment analysis for aspect-specific sentiment mapping. Finally, it incorporates Random Forest to understand the importance of the aspects in predicting the final rating of a user.

Hetvi Waghela, Sneha Rakshit, Jaydip Sen

This paper introduces a novel adversarial attack method targeting text classification models, termed the Modified Word Saliency-based Adversarial At-tack (MWSAA). The technique builds upon the concept of word saliency to strategically perturb input texts, aiming to mislead classification models while preserving semantic coherence. By refining the traditional adversarial attack approach, MWSAA significantly enhances its efficacy in evading detection by classification systems. The methodology involves first identifying salient words in the input text through a saliency estimation process, which prioritizes words most influential to the model's decision-making process. Subsequently, these salient words are subjected to carefully crafted modifications, guided by semantic similarity metrics to ensure that the altered text remains coherent and retains its original meaning. Empirical evaluations conducted on diverse text classification datasets demonstrate the effectiveness of the proposed method in generating adversarial examples capable of successfully deceiving state-of-the-art classification models. Comparative analyses with existing adversarial attack techniques further indicate the superiority of the proposed approach in terms of both attack success rate and preservation of text coherence.

Rohit Pandey, Hetvi Waghela, Sneha Rakshit et al.

This work delved into the realm of automatic text generation, exploring a variety of techniques ranging from traditional deterministic approaches to more modern stochastic methods. Through analysis of greedy search, beam search, top-k sampling, top-p sampling, contrastive searching, and locally typical searching, this work has provided valuable insights into the strengths, weaknesses, and potential applications of each method. Each text-generating method is evaluated using several standard metrics and a comparative study has been made on the performance of the approaches. Finally, some future directions of research in the field of automatic text generation are also identified.

Jaydip Sen, Abhiraj Sen, Ananda Chatterjee

The notion of adversarial attacks on image classification models based on convolutional neural networks (CNN) is introduced in this work. To classify images, deep learning models called CNNs are frequently used. However, when the networks are subject to adversarial attacks, extremely potent and previously trained CNN models that perform quite effectively on image datasets for image classification tasks may perform poorly. In this work, one well-known adversarial attack known as the fast gradient sign method (FGSM) is explored and its adverse effects on the performances of image classification models are examined. The FGSM attack is simulated on three pre-trained image classifier CNN architectures, ResNet-101, AlexNet, and RegNetY 400MF using randomly chosen images from the ImageNet dataset. The classification accuracies of the models are computed in the absence and presence of the attack to demonstrate the detrimental effect of the attack on the performances of the classifiers. Finally, a mechanism is proposed to defend against the FGSM attack based on a modified defensive distillation-based approach. Extensive results are presented for the validation of the proposed scheme.

Jaydip Sen, Saptarshi Sengupta, Subhasis Dasgupta

This chapter explores advancements in decoding strategies for large language models (LLMs), focusing on enhancing the Locally Typical Sampling (LTS) algorithm. Traditional decoding methods, such as top-k and nucleus sampling, often struggle to balance fluency, diversity, and coherence in text generation. To address these challenges, Adaptive Semantic-Aware Typicality Sampling (ASTS) is proposed as an improved version of LTS, incorporating dynamic entropy thresholding, multi-objective scoring, and reward-penalty adjustments. ASTS ensures contextually coherent and diverse text generation while maintaining computational efficiency. Its performance is evaluated across multiple benchmarks, including story generation and abstractive summarization, using metrics such as perplexity, MAUVE, and diversity scores. Experimental results demonstrate that ASTS outperforms existing sampling techniques by reducing repetition, enhancing semantic alignment, and improving fluency.

Roopkatha Dey, Aivy Debnath, Sayak Kumar Dutta et al.

In various real-world applications such as machine translation, sentiment analysis, and question answering, a pivotal role is played by NLP models, facilitating efficient communication and decision-making processes in domains ranging from healthcare to finance. However, a significant challenge is posed to the robustness of these natural language processing models by text adversarial attacks. These attacks involve the deliberate manipulation of input text to mislead the predictions of the model while maintaining human interpretability. Despite the remarkable performance achieved by state-of-the-art models like BERT in various natural language processing tasks, they are found to remain vulnerable to adversarial perturbations in the input text. In addressing the vulnerability of text classifiers to adversarial attacks, three distinct attack mechanisms are explored in this paper using the victim model BERT: BERT-on-BERT attack, PWWS attack, and Fraud Bargain's Attack (FBA). Leveraging the IMDB, AG News, and SST2 datasets, a thorough comparative analysis is conducted to assess the effectiveness of these attacks on the BERT classifier model. It is revealed by the analysis that PWWS emerges as the most potent adversary, consistently outperforming other methods across multiple evaluation scenarios, thereby emphasizing its efficacy in generating adversarial examples for text classification. Through comprehensive experimentation, the performance of these attacks is assessed and the findings indicate that the PWWS attack outperforms others, demonstrating lower runtime, higher accuracy, and favorable semantic similarity scores. The key insight of this paper lies in the assessment of the relative performances of three prevalent state-of-the-art attack mechanisms.

Trilokesh Ranjan Sarkar, Nilanjan Das, Pralay Sankar Maitra et al.

This technical report delves into an in-depth exploration of adversarial attacks specifically targeted at Deep Neural Networks (DNNs) utilized for image classification. The study also investigates defense mechanisms aimed at bolstering the robustness of machine learning models. The research focuses on comprehending the ramifications of two prominent attack methodologies: the Fast Gradient Sign Method (FGSM) and the Carlini-Wagner (CW) approach. These attacks are examined concerning three pre-trained image classifiers: Resnext50_32x4d, DenseNet-201, and VGG-19, utilizing the Tiny-ImageNet dataset. Furthermore, the study proposes the robustness of defensive distillation as a defense mechanism to counter FGSM and CW attacks. This defense mechanism is evaluated using the CIFAR-10 dataset, where CNN models, specifically resnet101 and Resnext50_32x4d, serve as the teacher and student models, respectively. The proposed defensive distillation model exhibits effectiveness in thwarting attacks such as FGSM. However, it is noted to remain susceptible to more sophisticated techniques like the CW attack. The document presents a meticulous validation of the proposed scheme. It provides detailed and comprehensive results, elucidating the efficacy and limitations of the defense mechanisms employed. Through rigorous experimentation and analysis, the study offers insights into the dynamics of adversarial attacks on DNNs, as well as the effectiveness of defensive strategies in mitigating their impact.

Jaydip Sen, Harshitha Puvvala, Subhasis Dasgupta

Large language models (LLMs) have achieved remarkable success across diverse natural language processing tasks but face persistent challenges in inference efficiency due to their autoregressive nature. While speculative decoding and beam sampling offer notable improvements, traditional methods verify draft sequences sequentially without prioritization, leading to unnecessary computational overhead. This work proposes the Hierarchical Verification Tree (HVT), a novel framework that restructures speculative beam decoding by prioritizing high-likelihood drafts and enabling early pruning of suboptimal candidates. Theoretical foundations and a formal verification-pruning algorithm are developed to ensure correctness and efficiency. Integration with standard LLM inference pipelines is achieved without requiring retraining or architecture modification. Experimental evaluations across multiple datasets and models demonstrate that HVT consistently outperforms existing speculative decoding schemes, achieving substantial reductions in inference time and energy consumption while maintaining or enhancing output quality. The findings highlight the potential of hierarchical verification strategies as a new direction for accelerating large language model inference.

Jaydip Sen, Subhasis Dasgupta, Hetvi Waghela

Contrastive Decoding (CD) has emerged as an effective inference-time strategy for enhancing open-ended text generation by exploiting the divergence in output probabilities between a large expert language model and a smaller amateur model. Although CD improves coherence and fluency, its dependence on a single amateur restricts its capacity to capture the diverse and multifaceted failure modes of language generation, such as repetition, hallucination, and stylistic drift. This paper proposes Multi-Amateur Contrastive Decoding (MACD), a generalization of the CD framework that employs an ensemble of amateur models to more comprehensively characterize undesirable generation patterns. MACD integrates contrastive signals through both averaging and consensus penalization mechanisms and extends the plausibility constraint to operate effectively in the multi-amateur setting. Furthermore, the framework enables controllable generation by incorporating amateurs with targeted stylistic or content biases. Experimental results across multiple domains, such as news, encyclopedic, and narrative, demonstrate that MACD consistently surpasses conventional decoding methods and the original CD approach in terms of fluency, coherence, diversity, and adaptability, all without requiring additional training or fine-tuning.

Anamitra Maiti, Subham Laha, Rishav Upadhaya et al.

In today's digital age, the internet is essential for communication and the sharing of information, creating a critical need for sophisticated data security measures to prevent unauthorized access and exploitation. Cryptography encrypts messages into a cipher text that is incomprehensible to unauthorized readers, thus safeguarding data during its transmission. Steganography, on the other hand, originates from the Greek term for "covered writing" and involves the art of hiding data within another medium, thereby facilitating covert communication by making the message invisible. This proposed approach takes advantage of the latest advancements in Artificial Intelligence (AI) and Deep Learning (DL), especially through the application of Generative Adversarial Networks (GANs), to improve upon traditional steganographic methods. By embedding encrypted data within another medium, our method ensures that the communication remains hidden from prying eyes. The application of GANs enables a smart, secure system that utilizes the inherent sensitivity of neural networks to slight alterations in data, enhancing the protection against detection. By merging the encryption techniques of cryptography with the hiding capabilities of steganography, and augmenting these with the strengths of AI, we introduce a comprehensive security system designed to maintain both the privacy and integrity of information. This system is crafted not just to prevent unauthorized access or modification of data, but also to keep the existence of the data hidden. This fusion of technologies tackles the core challenges of data security in the current era of open digital communication, presenting an advanced solution with the potential to transform the landscape of information security.

Jaydip Sen, Subhasis Dasgupta, Hetvi Waghela

Speculative decoding has emerged as an effective approach for accelerating autoregressive inference by parallelizing token generation through a draft-then-verify paradigm. However, existing methods rely on static drafting lengths and rigid verification criteria, limiting their adaptability across varying model uncertainties and input complexities. This paper proposes an information-theoretic framework for speculative decoding based on confidence-modulated drafting. By leveraging entropy and margin-based uncertainty measures over the drafter's output distribution, the proposed method dynamically adjusts the number of speculatively generated tokens at each iteration. This adaptive mechanism reduces rollback frequency, improves resource utilization, and maintains output fidelity. Additionally, the verification process is modulated using the same confidence signals, enabling more flexible acceptance of drafted tokens without sacrificing generation quality. Experiments on machine translation and summarization tasks demonstrate significant speedups over standard speculative decoding while preserving or improving BLEU and ROUGE scores. The proposed approach offers a principled, plug-in method for efficient and robust decoding in large language models under varying conditions of uncertainty.

Jaydip Sen, Rohit Pandey, Hetvi Waghela

Recently, Large Language Models (LLMs) have demonstrated remarkable advancements in Natural Language Processing (NLP). However, generating high-quality text that balances coherence, diversity, and relevance remains challenging. Traditional decoding methods, such as bean search and top-k sampling, often struggle with either repetitive or incoherent outputs, particularly in tasks that require long-form text generation. To address these limitations, the paper proposes a novel enhancement of the well-known Contrastive Search algorithm, Context-Enhanced Contrastive Search (CECS) with contextual calibration. The proposed scheme introduces several novelties including dynamic contextual importance weighting, multi-level Contrastive Search, and adaptive temperature control, to optimize the balance between fluency, creativity, and precision. The performance of CECS is evaluated using several standard metrics such as BLEU, ROUGE, and semantic similarity. Experimental results demonstrate significant improvements in both coherence and relevance of the generated texts by CECS outperforming the existing Contrastive Search techniques. The proposed algorithm has several potential applications in the real world including legal document drafting, customer service chatbots, and content marketing.

Hetvi Waghela, Jaydip Sen, Sneha Rakshit

Adversarial attacks pose a significant threat to the reliability of pre-trained language models (PLMs) such as GPT, BERT, RoBERTa, and T5. This paper presents Adversarial Robustness through Dynamic Ensemble Learning (ARDEL), a novel scheme designed to enhance the robustness of PLMs against such attacks. ARDEL leverages the diversity of multiple PLMs and dynamically adjusts the ensemble configuration based on input characteristics and detected adversarial patterns. Key components of ARDEL include a meta-model for dynamic weighting, an adversarial pattern detection module, and adversarial training with regularization techniques. Comprehensive evaluations using standardized datasets and various adversarial attack scenarios demonstrate that ARDEL significantly improves robustness compared to existing methods. By dynamically reconfiguring the ensemble to prioritize the most robust models for each input, ARDEL effectively reduces attack success rates and maintains higher accuracy under adversarial conditions. This work contributes to the broader goal of developing more secure and trustworthy AI systems for real-world NLP applications, offering a practical and scalable solution to enhance adversarial resilience in PLMs.

Subhasis Dasgupta, Preetam Saha, Agniva Roy et al.

The world is constantly moving towards AI based systems and autonomous vehicles are now reality in different parts of the world. These vehicles require sensors and cameras to detect objects and maneuver according to that. It becomes important to for such vehicles to also predict from a distant if a person is about to cross a road or not. The current study focused on predicting the intent of crossing the road by pedestrians in an experimental setup. The study involved working with deep learning models to predict poses and sequence modelling for temporal predictions. The study analysed three different sequence modelling to understand the prediction behaviour and it was found out that GRU was better in predicting the intent compared to LSTM model but 1D CNN was the best model in terms of speed. The study involved video analysis, and the output of pose detection model was integrated later on to sequence modelling techniques for an end-to-end deep learning framework for predicting road crossing intents.

Subhasis Dasgupta, Jaydip Sen, Tuhina Halder

Structural crack detection is a critical task for public safety as it helps in preventing potential structural failures that could endanger lives. Manual detection by inexperienced personnel can be slow, inconsistent, and prone to human error, which may compromise the reliability of assessments. The current study addresses these challenges by introducing a novel deep-learning architecture designed to enhance the accuracy and efficiency of structural crack detection. In this research, various configurations of residual U-Net models were utilized. These models, due to their robustness in capturing fine details, were further integrated into an ensemble with a meta-model comprising convolutional blocks. This unique combination aimed to boost prediction efficiency beyond what individual models could achieve. The ensemble's performance was evaluated against well-established architectures such as SegNet and the traditional U-Net. Results demonstrated that the residual U-Net models outperformed their predecessors, particularly with low-resolution imagery, and the ensemble model exceeded the performance of individual models, proving it as the most effective. The assessment was based on the Intersection over Union (IoU) metric and DICE coefficient. The ensemble model achieved the highest scores, signifying superior accuracy. This advancement suggests way for more reliable automated systems in structural defects monitoring tasks.

Hetvi Waghela, Jaydip Sen, Sneha Rakshit et al.

Adversarial attacks on Natural Language Processing (NLP) models expose vulnerabilities by introducing subtle perturbations to input text, often leading to misclassification while maintaining human readability. Existing methods typically focus on word-level or local text segment alterations, overlooking the broader context, which results in detectable or semantically inconsistent perturbations. We propose a novel adversarial text attack scheme named Dynamic Contextual Perturbation (DCP). DCP dynamically generates context-aware perturbations across sentences, paragraphs, and documents, ensuring semantic fidelity and fluency. Leveraging the capabilities of pre-trained language models, DCP iteratively refines perturbations through an adversarial objective function that balances the dual objectives of inducing model misclassification and preserving the naturalness of the text. This comprehensive approach allows DCP to produce more sophisticated and effective adversarial examples that better mimic natural language patterns. Our experimental results, conducted on various NLP models and datasets, demonstrate the efficacy of DCP in challenging the robustness of state-of-the-art NLP systems. By integrating dynamic contextual analysis, DCP significantly enhances the subtlety and impact of adversarial attacks. This study highlights the critical role of context in adversarial attacks and lays the groundwork for creating more robust NLP systems capable of withstanding sophisticated adversarial strategies.

Subhasis Dasgupta, Pratik Satpati, Ishika Choudhary et al.

In the recent past, there were several works on the prediction of stock price using different methods. Sentiment analysis of news and tweets and relating them to the movement of stock prices have already been explored. But, when we talk about the news, there can be several topics such as politics, markets, sports etc. It was observed that most of the prior analyses dealt with news or comments associated with particular stock prices only or the researchers dealt with overall sentiment scores only. However, it is quite possible that different topics having different levels of impact on the movement of the stock price or an index. The current study focused on bridging this gap by analysing the movement of Nifty 50 index with respect to the sentiments associated with news items related to various different topic such as sports, politics, markets etc. The study established that sentiment scores of news items of different other topics also have a significant impact on the movement of the index.

Hetvi Waghela, Jaydip Sen, Sneha Rakshit

In this paper, we introduce an enhanced textual adversarial attack method, known as Saliency Attention and Semantic Similarity driven adversarial Perturbation (SASSP). The proposed scheme is designed to improve the effectiveness of contextual perturbations by integrating saliency, attention, and semantic similarity. Traditional adversarial attack methods often struggle to maintain semantic consistency and coherence while effectively deceiving target models. Our proposed approach addresses these challenges by incorporating a three-pronged strategy for word selection and perturbation. First, we utilize a saliency-based word selection to prioritize words for modification based on their importance to the model's prediction. Second, attention mechanisms are employed to focus perturbations on contextually significant words, enhancing the attack's efficacy. Finally, an advanced semantic similarity-checking method is employed that includes embedding-based similarity and paraphrase detection. By leveraging models like Sentence-BERT for embedding similarity and fine-tuned paraphrase detection models from the Sentence Transformers library, the scheme ensures that the perturbed text remains contextually appropriate and semantically consistent with the original. Empirical evaluations demonstrate that SASSP generates adversarial examples that not only maintain high semantic fidelity but also effectively deceive state-of-the-art natural language processing models. Moreover, in comparison to the original scheme of contextual perturbation CLARE, SASSP has yielded a higher attack success rate and lower word perturbation rate.

Jaydip Sen, Joceli Mayer, Subhasis Dasgupta et al.

In the era of generative artificial intelligence and the Internet of Things, while there is explosive growth in the volume of data and the associated need for processing, analysis, and storage, several new challenges are faced in identifying spurious and fake information and protecting the privacy of sensitive data. This has led to an increasing demand for more robust and resilient schemes for authentication, integrity protection, encryption, non-repudiation, and privacy-preservation of data. The chapters in this book present some of the state-of-the-art research works in the field of cryptography and security in computing and communications.

Jaydip Sen, Aditya Jaiswal, Anshuman Pathak et al.

This paper presents a comparative analysis of the performances of three portfolio optimization approaches. Three approaches of portfolio optimization that are considered in this work are the mean-variance portfolio (MVP), hierarchical risk parity (HRP) portfolio, and reinforcement learning-based portfolio. The portfolios are trained and tested over several stock data and their performances are compared on their annual returns, annual risks, and Sharpe ratios. In the reinforcement learning-based portfolio design approach, the deep Q learning technique has been utilized. Due to the large number of possible states, the construction of the Q-table is done using a deep neural network. The historical prices of the 50 premier stocks from the Indian stock market, known as the NIFTY50 stocks, and several stocks from 10 important sectors of the Indian stock market are used to create the environment for training the agent.

Jaydip Sen, Sidra Mehtab, Abhishek Dutta et al.

Portfolio design and optimization have been always an area of research that has attracted a lot of attention from researchers from the finance domain. Designing an optimum portfolio is a complex task since it involves accurate forecasting of future stock returns and risks and making a suitable tradeoff between them. This paper proposes a systematic approach to designing portfolios using two algorithms, the critical line algorithm, and the hierarchical risk parity algorithm on eight sectors of the Indian stock market. While the portfolios are designed using the stock price data from Jan 1, 2016, to Dec 31, 2020, they are tested on the data from Jan 1, 2021, to Aug 26, 2021. The backtesting results of the portfolios indicate while the performance of the CLA algorithm is superior on the training data, the HRP algorithm has outperformed the CLA algorithm on the test data.

Jaydip Sen, Saikat Mondal, Sidra Mehtab

Portfolio optimization has been a broad and intense area of interest for quantitative and statistical finance researchers and financial analysts. It is a challenging task to design a portfolio of stocks to arrive at the optimized values of the return and risk. This paper presents an algorithmic approach for designing optimum risk and eigen portfolios for five thematic sectors of the NSE of India. The prices of the stocks are extracted from the web from Jan 1, 2016, to Dec 31, 2020. Optimum risk and eigen portfolios for each sector are designed based on ten critical stocks from the sector. An LSTM model is designed for predicting future stock prices. Seven months after the portfolios were formed, on Aug 3, 2021, the actual returns of the portfolios are compared with the LSTM-predicted returns. The predicted and the actual returns indicate a very high-level accuracy of the LSTM model.

Jaydip Sen, Ashwin Kumar R S, Geetha Joseph et al.

Stock price prediction is a challenging task and a lot of propositions exist in the literature in this area. Portfolio construction is a process of choosing a group of stocks and investing in them optimally to maximize the return while minimizing the risk. Since the time when Markowitz proposed the Modern Portfolio Theory, several advancements have happened in the area of building efficient portfolios. An investor can get the best benefit out of the stock market if the investor invests in an efficient portfolio and could take the buy or sell decision in advance, by estimating the future asset value of the portfolio with a high level of precision. In this project, we have built an efficient portfolio and to predict the future asset value by means of individual stock price prediction of the stocks in the portfolio. As part of building an efficient portfolio we have studied multiple portfolio optimization methods beginning with the Modern Portfolio theory. We have built the minimum variance portfolio and optimal risk portfolio for all the five chosen sectors by using past daily stock prices over the past five years as the training data, and have also conducted back testing to check the performance of the portfolio. A comparative study of minimum variance portfolio and optimal risk portfolio with equal weight portfolio is done by backtesting.

Jaydip Sen, Sidra Mehtab, Rajdeep Sen et al.

Recent times are witnessing rapid development in machine learning algorithm systems, especially in reinforcement learning, natural language processing, computer and robot vision, image processing, speech, and emotional processing and understanding. In tune with the increasing importance and relevance of machine learning models, algorithms, and their applications, and with the emergence of more innovative uses cases of deep learning and artificial intelligence, the current volume presents a few innovative research works and their applications in real world, such as stock trading, medical and healthcare systems, and software automation. The chapters in the book illustrate how machine learning and deep learning algorithms and models are designed, optimized, and deployed. The volume will be useful for advanced graduate and doctoral students, researchers, faculty members of universities, practicing data scientists and data engineers, professionals, and consultants working on the broad areas of machine learning, deep learning, and artificial intelligence.

Hrisav Bhowmick, Ananda Chatterjee, Jaydip Sen

A recommender system, also known as a recommendation system, is a type of information filtering system that attempts to forecast a user's rating or preference for an item. This article designs and implements a complete movie recommendation system prototype based on the Genre, Pearson Correlation Coefficient, Cosine Similarity, KNN-Based, Content-Based Filtering using TFIDF and SVD, Collaborative Filtering using TFIDF and SVD, Surprise Library based recommendation system technology. Apart from that in this paper, we present a novel idea that applies machine learning techniques to construct a cluster for the movie based on genres and then observes the inertia value number of clusters were defined. The constraints of the approaches discussed in this work have been described, as well as how one strategy overcomes the disadvantages of another. The whole work has been done on the dataset Movie Lens present at the group lens website which contains 100836 ratings and 3683 tag applications across 9742 movies. These data were created by 610 users between March 29, 1996, and September 24, 2018.

Jaydip Sen, Saikat Mondal, Sidra Mehtab

Predictive model design for accurately predicting future stock prices has always been considered an interesting and challenging research problem. The task becomes complex due to the volatile and stochastic nature of the stock prices in the real world which is affected by numerous controllable and uncontrollable variables. This paper presents an optimized predictive model built on long-and-short-term memory (LSTM) architecture for automatically extracting past stock prices from the web over a specified time interval and predicting their future prices for a specified forecast horizon, and forecasts the future stock prices. The model is deployed for making buy and sell transactions based on its predicted results for 70 important stocks from seven different sectors listed in the National Stock Exchange (NSE) of India. The profitability of each sector is derived based on the total profit yielded by the stocks in that sector over a period from Jan 1, 2010 to Aug 26, 2021. The sectors are compared based on their profitability values. The prediction accuracy of the model is also evaluated for each sector. The results indicate that the model is highly accurate in predicting future stock prices.

Jaydip Sen, Abhishek Dutta, Sidra Mehtab

Predicting future stock prices and their movement patterns is a complex problem. Hence, building a portfolio of capital assets using the predicted prices to achieve the optimization between its return and risk is an even more difficult task. This work has carried out an analysis of the time series of the historical prices of the top five stocks from the nine different sectors of the Indian stock market from January 1, 2016, to December 31, 2020. Optimum portfolios are built for each of these sectors. For predicting future stock prices, a long-and-short-term memory (LSTM) model is also designed and fine-tuned. After five months of the portfolio construction, the actual and the predicted returns and risks of each portfolio are computed. The predicted and the actual returns of each portfolio are found to be high, indicating the high precision of the LSTM model.

Ananda Chatterjee, Hrisav Bhowmick, Jaydip Sen

For a long-time, researchers have been developing a reliable and accurate predictive model for stock price prediction. According to the literature, if predictive models are correctly designed and refined, they can painstakingly and faithfully estimate future stock values. This paper demonstrates a set of time series, econometric, and various learning-based models for stock price prediction. The data of Infosys, ICICI, and SUN PHARMA from the period of January 2004 to December 2019 was used here for training and testing the models to know which model performs best in which sector. One time series model (Holt-Winters Exponential Smoothing), one econometric model (ARIMA), two machine Learning models (Random Forest and MARS), and two deep learning-based models (simple RNN and LSTM) have been included in this paper. MARS has been proved to be the best performing machine learning model, while LSTM has proved to be the best performing deep learning model. But overall, for all three sectors - IT (on Infosys data), Banking (on ICICI data), and Health (on SUN PHARMA data), MARS has proved to be the best performing model in sales forecasting.

Jaydip Sen, Rajdeep Sen, Abhishek Dutta

The paradigm of machine learning and artificial intelligence has pervaded our everyday life in such a way that it is no longer an area for esoteric academics and scientists putting their effort to solve a challenging research problem. The evolution is quite natural rather than accidental. With the exponential growth in processing speed and with the emergence of smarter algorithms for solving complex and challenging problems, organizations have found it possible to harness a humongous volume of data in realizing solutions that have far-reaching business values. This introductory chapter highlights some of the challenges and barriers that organizations in the financial services sector at the present encounter in adopting machine learning and artificial intelligence-based models and applications in their day-to-day operations.

Jaydip Sen, Sidra Mehtab

Designing an optimum portfolio that allocates weights to its constituent stocks in a way that achieves the best trade-off between the return and the risk is a challenging research problem. The classical mean-variance theory of portfolio proposed by Markowitz is found to perform sub-optimally on the real-world stock market data since the error in estimation for the expected returns adversely affects the performance of the portfolio. This paper presents three approaches to portfolio design, viz, the minimum risk portfolio, the optimum risk portfolio, and the Eigen portfolio, for seven important sectors of the Indian stock market. The daily historical prices of the stocks are scraped from Yahoo Finance website from January 1, 2016, to December 31, 2020. Three portfolios are built for each of the seven sectors chosen for this study, and the portfolios are analyzed on the training data based on several metrics such as annualized return and risk, weights assigned to the constituent stocks, the correlation heatmaps, and the principal components of the Eigen portfolios. Finally, the optimum risk portfolios and the Eigen portfolios for all sectors are tested on their return over a period of a six-month period. The performances of the portfolios are compared and the portfolio yielding the higher return for each sector is identified.

Jaydip Sen, Sidra Mehtab

Building predictive models for robust and accurate prediction of stock prices and stock price movement is a challenging research problem to solve. The well-known efficient market hypothesis believes in the impossibility of accurate prediction of future stock prices in an efficient stock market as the stock prices are assumed to be purely stochastic. However, numerous works proposed by researchers have demonstrated that it is possible to predict future stock prices with a high level of precision using sophisticated algorithms, model architectures, and the selection of appropriate variables in the models. This chapter proposes a collection of predictive regression models built on deep learning architecture for robust and precise prediction of the future prices of a stock listed in the diversified sectors in the National Stock Exchange (NSE) of India. The Metastock tool is used to download the historical stock prices over a period of two years (2013- 2014) at 5 minutes intervals. While the records for the first year are used to train the models, the testing is carried out using the remaining records. The design approaches of all the models and their performance results are presented in detail. The models are also compared based on their execution time and accuracy of prediction.

Jaydip Sen, Sidra Mehtab, Abhishek Dutta

Volatility clustering is an important characteristic that has a significant effect on the behavior of stock markets. However, designing robust models for accurate prediction of future volatilities of stock prices is a very challenging research problem. We present several volatility models based on generalized autoregressive conditional heteroscedasticity (GARCH) framework for modeling the volatility of ten stocks listed in the national stock exchange (NSE) of India. The stocks are selected from the auto sector and the banking sector of the Indian economy, and they have a significant impact on the sectoral index of their respective sectors in the NSE. The historical stock price records from Jan 1, 2010, to Apr 30, 2021, are scraped from the Yahoo Finance website using the DataReader API of the Pandas module in the Python programming language. The GARCH modules are built and fine-tuned on the training data and then tested on the out-of-sample data to evaluate the performance of the models. The analysis of the results shows that asymmetric GARCH models yield more accurate forecasts on the future volatility of stocks.

Gourab Nath, Jaydip Sen

This research proposes a new recommender system algorithm for online grocery shopping. The algorithm is based on the perspective that, since the grocery items are usually bought in bulk, a grocery recommender system should be capable of recommending the items in bulk. The algorithm figures out the possible dishes a user may cook based on the items added to the basket and recommends the ingredients accordingly. Our algorithm does not depend on the user ratings. Customers usually do not have the patience to rate the groceries they purchase. Therefore, algorithms that are not dependent on user ratings need to be designed. Instead of using a brute force search, this algorithm limits the search space to a set of only a few probably food categories. Each food category consists of several food subcategories. For example, "fried rice" and "biryani" are food subcategories that belong to the food category "rice". For each food category, items are ranked according to how well they can differentiate a food subcategory. To each food subcategory in the activated search space, this algorithm attaches a score. The score is calculated based on the rank of the items added to the basket. Once the score exceeds a threshold value, its corresponding subcategory gets activated. The algorithm then uses a basket-to-recipe similarity measure to identify the best recipe matches within the activated subcategories only. This reduces the search space to a great extent. We may argue that this algorithm is similar to the content-based recommender system in some sense, but it does not suffer from the limitations like limited content, over-specialization, or the new user problem.