Leon Zhou

Saizhuo Wang, Hang Yuan, Leon Zhou et al.

One of the most important tasks in quantitative investment research is mining new alphas (effective trading signals or factors). Traditional alpha mining methods, either hand-crafted factor synthesizing or algorithmic factor mining (e.g., search with genetic programming), have inherent limitations, especially in implementing the ideas of quants. In this work, we propose a new alpha mining paradigm by introducing human-AI interaction, and a novel prompt engineering algorithmic framework to implement this paradigm by leveraging the power of large language models. Moreover, we develop Alpha-GPT, a new interactive alpha mining system framework that provides a heuristic way to ``understand'' the ideas of quant researchers and outputs creative, insightful, and effective alphas. We demonstrate the effectiveness and advantage of Alpha-GPT via a number of alpha mining experiments.

Wanda Hou, Leon Zhou, Hong-Ye Hu et al.

We investigate the performance of large language models on repetitive deterministic prediction tasks and study how the sequence accuracy rate scales with output length. Each such task involves repeating the same operation n times. Examples include letter replacement in strings following a given rule, integer addition, and multiplication of string operators in many body quantum mechanics. If the model performs the task through a simple repetition algorithm, the success rate should decay exponentially with sequence length. In contrast, our experiments on leading large language models reveal a sharp double exponential drop beyond a characteristic length scale, forming an accuracy cliff that marks the transition from reliable to unstable generation. This indicates that the models fail to execute each operation independently. To explain this phenomenon, we propose a statistical physics inspired model that captures the competition between external conditioning from the prompt and internal interference among generated tokens. The model quantitatively reproduces the observed crossover and provides an interpretable link between attention induced interference and sequence level failure. Fitting the model to empirical results across multiple models and tasks yields effective parameters that characterize the intrinsic error rate and error accumulation factor for each model task pair, offering a principled framework for understanding the limits of deterministic accuracy in large language models.

Leon Zhou, Junfeng Yang, Chengzhi Mao

Large Language Models (LLMs) are increasingly used in a variety of important applications, yet their safety and reliability remain as major concerns. Various adversarial and jailbreak attacks have been proposed to bypass the safety alignment and cause the model to produce harmful responses. We introduce Self-supervised Prompt INjection (SPIN) which can detect and reverse these various attacks on LLMs. As our self-supervised prompt defense is done at inference-time, it is also compatible with existing alignment and adds an additional layer of safety for defense. Our benchmarks demonstrate that our system can reduce the attack success rate by up to 87.9%, while maintaining the performance on benign user requests. In addition, we discuss the situation of an adaptive attacker and show that our method is still resilient against attackers who are aware of our defense.