Zhaomin Wu

Qian Wang, Zhongyi Tong, Nuo Chen et al.

Cross-market factor research studies whether firm-level signals from one or more markets can predict returns in a target market, but existing public benchmarks do not support cross-market disclosure-to-return evaluation. Building such a benchmark is challenging because filings differ across languages and regulatory systems, disclosure-derived similarity can be biased by common reporting components, and cross-market signals must be evaluated under feasible trading-time alignment. We introduce \textbf{CrossAlpha}, a public annual-report benchmark for cross-market factor research. CrossAlpha addresses these challenges through three corresponding components: \emph{Disclosure Distillation}, which standardises heterogeneous filings into ten-category English business descriptions; \emph{Residual Schema Graph Construction}, which builds PCA-whitened cross-market firm-pair scores from schema-level disclosures; and \emph{Timing-Aligned Evaluation}, which pairs the graph with 11 years of daily OHLCV data to construct forward-return labels under feasible cross-market execution protocols. CrossAlpha covers about 3,600 firms and 10,700 firm-year reports from the United States, Japan, Taiwan, South Korea, and Hong Kong, and releases about 19M directed firm-pair scores. In experiments, disclosure-derived cross-market peers outperform domestic text, industry-code, and return-correlation peers in the US-to-Japan setting (ICIR 0.39 versus 0.07--0.18), and cross-market sources beat the domestic text baseline in most target markets. CrossAlpha offers an open-sourced, reusable, return-grounded benchmark for cross-market financial NLP.

Zhaomin Wu, Junyi Hou, Bingsheng He · cmu

Vertical Federated Learning (VFL) is a crucial paradigm for training machine learning models on feature-partitioned, distributed data. However, due to privacy restrictions, few public real-world VFL datasets exist for algorithm evaluation, and these represent a limited array of feature distributions. Existing benchmarks often resort to synthetic datasets, derived from arbitrary feature splits from a global set, which only capture a subset of feature distributions, leading to inadequate algorithm performance assessment. This paper addresses these shortcomings by introducing two key factors affecting VFL performance - feature importance and feature correlation - and proposing associated evaluation metrics and dataset splitting methods. Additionally, we introduce a real VFL dataset to address the deficit in image-image VFL scenarios. Our comprehensive evaluation of cutting-edge VFL algorithms provides valuable insights for future research in the field.

Zhaomin Wu, Qinbin Li, Bingsheng He

As societal concerns on data privacy recently increase, we have witnessed data silos among multiple parties in various applications. Federated learning emerges as a new learning paradigm that enables multiple parties to collaboratively train a machine learning model without sharing their raw data. Vertical federated learning, where each party owns different features of the same set of samples and only a single party has the label, is an important and challenging topic in federated learning. Communication costs among different parties have been a major hurdle for practical vertical learning systems. In this paper, we propose a novel communication-efficient vertical federated learning algorithm named FedOnce, which requires only one-shot communication among parties. To improve model accuracy and provide privacy guarantee, FedOnce features unsupervised learning representations in the federated setting and privacy-preserving techniques based on moments accountant. The comprehensive experiments on 10 datasets demonstrate that FedOnce achieves close performance compared to state-of-the-art vertical federated learning algorithms with much lower communication costs. Meanwhile, our privacy-preserving technique significantly outperforms the state-of-the-art approaches under the same privacy budget.

Zhaomin Wu, Jiayi Li, Bingsheng He

Text-based counseling is an important interface for AI mental-health support, where transcripts may be used to monitor depression severity and flag sessions requiring timely human review. However, robust PHQ-8 prediction across session regimes remains challenging: fine-tuning-based methods can exploit richer supervision but may generalize poorly under data scarcity, while prompt-based LLM methods are data-efficient but usually treat each transcript holistically and provide limited support for longitudinal context. We study robust depression tracking from counseling transcripts across single-session and multi-session regimes. We introduce LongCounsel, a multi-session counseling dataset with session-level PHQ-8 supervision for evaluating repeated-session tracking under partial symptom disclosure and cross-session continuity. We further propose EmoTrack, a PHQ-8 prediction framework that combines LLM-extracted clinical signals with frozen turn-level semantic embeddings and trains symptom-specific predictors over the resulting transcript representation. When prior sessions are available, EmoTrack can further incorporate them through compact cross-session memory. Experiments on LongCounsel and DAIC-WOZ show that EmoTrack achieves a clear gain on the real single-session benchmark, including a 13.5% relative MAE reduction over the strongest DAIC-WOZ baseline, and remains competitive with the strongest longitudinal baseline on LongCounsel.

Yicheng Zhang, Zhen Qin, Zhaomin Wu et al.

Retrieval-augmented generation (RAG) enables large language models (LLMs) to produce evidence-based responses, and its performance hinges on the matching between the retriever and LLMs. Retriever optimization has emerged as an efficient alternative to fine-tuning LLMs. However, existing solutions suffer from objective mismatch between retriever optimization and the goal of RAG pipeline. Reinforcement learning (RL) provides a promising solution to address this limitation, yet applying RL to retriever optimization introduces two fundamental challenges: 1) the deterministic retrieval is incompatible with RL formulations, and 2) state aliasing arises from query-only retrieval in multi-hop reasoning. To address these challenges, we replace deterministic retrieval with stochastic sampling and formulate RAG as a Markov decision process, making retriever optimizable by RL. Further, we incorporate retrieval history into the state at each retrieval step to mitigate state aliasing. Extensive experiments across diverse RAG pipelines, datasets, and retriever scales demonstrate consistent improvements of our approach in RAG performance.

Zhaomin Wu, Qinbin Li, Bingsheng He

Federated learning is a learning paradigm to enable collaborative learning across different parties without revealing raw data. Notably, vertical federated learning (VFL), where parties share the same set of samples but only hold partial features, has a wide range of real-world applications. However, most existing studies in VFL disregard the "record linkage" process. They design algorithms either assuming the data from different parties can be exactly linked or simply linking each record with its most similar neighboring record. These approaches may fail to capture the key features from other less similar records. Moreover, such improper linkage cannot be corrected by training since existing approaches provide no feedback on linkage during training. In this paper, we design a novel coupled training paradigm, FedSim, that integrates one-to-many linkage into the training process. Besides enabling VFL in many real-world applications with fuzzy identifiers, FedSim also achieves better performance in traditional VFL tasks. Moreover, we theoretically analyze the additional privacy risk incurred by sharing similarities. Our experiments on eight datasets with various similarity metrics show that FedSim outperforms other state-of-the-art baselines. The codes of FedSim are available at https://github.com/Xtra-Computing/FedSim.

Zhaomin Wu, Junyi Hou, Yiqun Diao et al.

Federated Learning (FL) is an evolving paradigm that enables multiple parties to collaboratively train models without sharing raw data. Among its variants, Vertical Federated Learning (VFL) is particularly relevant in real-world, cross-organizational collaborations, where distinct features of a shared instance group are contributed by different parties. In these scenarios, parties are often linked using fuzzy identifiers, leading to a common practice termed as multi-party fuzzy VFL. Existing models generally address either multi-party VFL or fuzzy VFL between two parties. Extending these models to practical multi-party fuzzy VFL typically results in significant performance degradation and increased costs for maintaining privacy. To overcome these limitations, we introduce the Federated Transformer (FeT), a novel framework that supports multi-party VFL with fuzzy identifiers. FeT innovatively encodes these identifiers into data representations and employs a transformer architecture distributed across different parties, incorporating three new techniques to enhance performance. Furthermore, we have developed a multi-party privacy framework for VFL that integrates differential privacy with secure multi-party computation, effectively protecting local representations while minimizing associated utility costs. Our experiments demonstrate that the FeT surpasses the baseline models by up to 46\% in terms of accuracy when scaled to 50 parties. Additionally, in two-party fuzzy VFL settings, FeT also shows improved performance and privacy over cutting-edge VFL models.

Yicheng Zhang, Zhen Qin, Zhaomin Wu et al.

Large language models (LLMs) are increasingly powering web-based applications, whose effectiveness relies on fine-tuning with large-scale instruction data. However, such data often contains valuable or sensitive information that limits its public sharing among business organizations. Federated learning (FL) enables collaborative fine-tuning of LLMs without accessing raw data. Existing approaches to federated LLM fine-tuning usually adopt a uniform model architecture, making it challenging to fit highly heterogeneous client-side data in varying domains and tasks, e.g., hospitals and financial institutions conducting federated fine-tuning may require different LLM architectures due to the distinct nature of their domains and tasks. To address this, we propose FedAMoLE, a lightweight personalized FL framework that enables data-driven heterogeneous model architectures. It features a heterogeneous mixture of low-rank adaptation (LoRA) experts module to aggregate architecturally heterogeneous models and a reverse selection-based expert assignment strategy to tailor model architectures for each client based on data distributions. Experiments across seven scenarios demonstrate that FedAMoLE improves client-side performance by an average of 5.97% over existing approaches while maintaining practical memory, communication, and computation overhead.

Zhen Qin, Zhaomin Wu, Bingsheng He et al.

Instruction tuning is a crucial step in improving the responsiveness of pretrained large language models (LLMs) to human instructions. Federated learning (FL) helps to exploit the use of vast private instruction data from clients, becoming popular for LLM tuning by improving data diversity. Existing federated tuning simply consumes all local data, causing excessive computational overhead and overfitting to local data, while centralized data-efficient solutions are not suitable for FL due to privacy concerns. This work presents FedHDS, a federated data-efficient instruction tuning approach, which tunes LLMs with a representative subset of edge-side data. It reduces the data redundancy at both intra- and inter-client levels without sharing raw data. Experiments with various LLMs, datasets and partitions show that FedHDS improves Rouge-L on unseen tasks by an average of 10.72% over the SOTA full-data federated instruction tuning methods, while using less than 1.5% of the data samples, improving training efficiency by up to tens of times.

Jizhou Guo, Zhaomin Wu, Hanchen Yang et al.

Enhancing Large Language Model (LLM)'s performance with best-of-N sampling is effective and has attracted significant attention. However, it is computationally prohibitive due to massive, data-hungry text-based reward models. By changing the data source from text to hidden states, we introduce SWIFT (Simple Weighted Intrinsic Feedback Technique), a novel, lightweight technique that leverages the rich information embedded in LLM hidden states to address these issues, which operates on token-level and consists of only linear layers. Extensive experiments show that SWIFT outperforms baselines with less than 0.005% of the parameters of baselines, requiring only a few samples for training, demonstrating significant efficiency improvement. SWIFT's robust scalability, applicability to some closed-source models via logits, and ability to be combined with traditional reward models to yield further performance gains underscore its practical value.

Zhaomin Wu, Zhen Qin, Junyi Hou et al.

Vertical Federated Learning (VFL) is a privacy-preserving collaborative learning paradigm that enables multiple parties with distinct feature sets to jointly train machine learning models without sharing their raw data. Despite its potential to facilitate cross-organizational collaborations, the deployment of VFL systems in real-world applications remains limited. To investigate the gap between existing VFL research and practical deployment, this survey analyzes the real-world data distributions in potential VFL applications and identifies four key findings that highlight this gap. We propose a novel data-oriented taxonomy of VFL algorithms based on real VFL data distributions. Our comprehensive review of existing VFL algorithms reveals that some common practical VFL scenarios have few or no viable solutions. Based on these observations, we outline key research directions aimed at bridging the gap between current VFL research and real-world applications.

Zhaomin Wu, Haodong Zhao, Ziyang Wang et al.

The explosive growth of large language models (LLMs) has created a vast but opaque landscape: millions of models exist, yet their evolutionary relationships through fine-tuning, distillation, or adaptation are often undocumented or unclear, complicating LLM management. Existing methods are limited by task specificity, fixed model sets, or strict assumptions about tokenizers or architectures. Inspired by biological DNA, we address these limitations by mathematically defining LLM DNA as a low-dimensional, bi-Lipschitz representation of functional behavior. We prove that LLM DNA satisfies inheritance and genetic determinism properties and establish the existence of DNA. Building on this theory, we derive a general, scalable, training-free pipeline for DNA extraction. In experiments across 305 LLMs, DNA aligns with prior studies on limited subsets and achieves superior or competitive performance on specific tasks. Beyond these tasks, DNA comparisons uncover previously undocumented relationships among LLMs. We further construct the evolutionary tree of LLMs using phylogenetic algorithms, which align with shifts from encoder-decoder to decoder-only architectures, reflect temporal progression, and reveal distinct evolutionary speeds across LLM families.

Haodong Zhao, Jidong Li, Zhaomin Wu et al.

The rapid proliferation of recent Multi-Agent Systems (MAS), where Large Language Models (LLMs) and Large Reasoning Models (LRMs) usually collaborate to solve complex problems, necessitates a deep understanding of the persuasion dynamics that govern their interactions. This paper challenges the prevailing hypothesis that persuasive efficacy is primarily a function of model scale. We propose instead that these dynamics are fundamentally dictated by a model's underlying cognitive process, especially its capacity for explicit reasoning. Through a series of multi-agent persuasion experiments, we uncover a fundamental trade-off we term the Persuasion Duality. Our findings reveal that the reasoning process in LRMs exhibits significantly greater resistance to persuasion, maintaining their initial beliefs more robustly. Conversely, making this reasoning process transparent by sharing the "thinking content" dramatically increases their ability to persuade others. We further consider more complex transmission persuasion situations and reveal complex dynamics of influence propagation and decay within multi-hop persuasion between multiple agent networks. This research provides systematic evidence linking a model's internal processing architecture to its external persuasive behavior, offering a novel explanation for the susceptibility of advanced models and highlighting critical implications for the safety, robustness, and design of future MAS.

Zhaomin Wu, Mingzhe Du, See-Kiong Ng et al.

Large Language Models (LLMs) are widely deployed in reasoning, planning, and decision-making tasks, making their trustworthiness critical. A significant and underexplored risk is intentional deception, where an LLM deliberately fabricates or conceals information to serve a hidden objective. Existing studies typically induce deception by explicitly setting a hidden objective through prompting or fine-tuning, which may not reflect real-world human-LLM interactions. Moving beyond such human-induced deception, we investigate LLMs' self-initiated deception on benign prompts. To address the absence of ground truth, we propose a framework based on Contact Searching Questions~(CSQ). This framework introduces two statistical metrics derived from psychological principles to quantify the likelihood of deception. The first, the Deceptive Intention Score, measures the model's bias toward a hidden objective. The second, the Deceptive Behavior Score, measures the inconsistency between the LLM's internal belief and its expressed output. Evaluating 16 leading LLMs, we find that both metrics rise in parallel and escalate with task difficulty for most models. Moreover, increasing model capacity does not always reduce deception, posing a significant challenge for future LLM development.

Zhaomin Wu, Ziyang Wang, Bingsheng He

Relational databases are often fragmented across organizations, creating data silos that hinder distributed data management and mining. Collaborative learning (CL) -- techniques that enable multiple parties to train models jointly without sharing raw data -- offers a principled approach to this challenge. However, existing CL frameworks (e.g., federated and split learning) remain limited in real-world deployments. Current CL benchmarks and algorithms primarily target the learning step under assumptions of isolated, aligned, and joinable databases, and they typically neglect the end-to-end data management pipeline, especially preprocessing steps such as table joins and data alignment. In contrast, our analysis of the real-world corpus WikiDBs shows that databases are interconnected, unaligned, and sometimes unjoinable, exposing a significant gap between CL algorithm design and practical deployment. To close this evaluation gap, we build WikiDBGraph, a large-scale dataset constructed from 100{,}000 real-world relational databases linked by 17 million weighted edges. Each node (database) and edge (relationship) is annotated with 13 and 12 properties, respectively, capturing a hybrid of instance- and feature-level overlap across databases. Experiments on WikiDBGraph demonstrate both the effectiveness and limitations of existing CL methods under realistic conditions, highlighting previously overlooked gaps in managing real-world data silos and pointing to concrete directions for practical deployment of collaborative learning systems.

Zhaomin Wu, Shida Wang, Ziyang Wang et al.

Learning relational tabular data has gained significant attention recently, but most studies focus on single tables, overlooking the potential of cross-table learning. Cross-table learning, especially in scenarios where tables lack shared features and pre-aligned data, offers vast opportunities but also introduces substantial challenges. The alignment space is immense, and determining accurate alignments between tables is highly complex. We propose Latent Entity Alignment Learning (Leal), a novel framework enabling effective cross-table training without requiring shared features or pre-aligned data. Leal operates on the principle that properly aligned data yield lower loss than misaligned data, a concept embodied in its soft alignment mechanism. This mechanism is coupled with a differentiable cluster sampler module, ensuring efficient scaling to large relational tables. Furthermore, we provide a theoretical proof of the cluster sampler's approximation capacity. Extensive experiments on five real-world and five synthetic datasets show that Leal achieves up to a 26.8% improvement in predictive performance compared to state-of-the-art methods, demonstrating its effectiveness and scalability.

Zhaomin Wu, Jizhou Guo, Junyi Hou et al.

Prominent Large Language Model (LLM) services from providers like OpenAI and Google excel at general tasks but often underperform on domain-specific applications. Current customization services for these LLMs typically require users to upload data for fine-tuning, posing significant privacy risks. While differentially private (DP) data synthesis presents a potential alternative, its application commonly results in low effectiveness due to the introduction of excessive noise on data for DP. To overcome this, we introduce Llamdex, a novel framework that facilitates LLM customization as a service, where the client uploads pre-trained domain-specific models rather than data. This client-uploaded model, optionally protected by DP with much lower noise, is inserted into the base LLM via connection modules. Significantly, these connecting modules are trained without requiring sensitive domain data, enabling clients to customize LLM services while preserving data privacy. Experiments demonstrate that Llamdex improves domain-specific accuracy by up to 26% over state-of-the-art private data synthesis methods under identical privacy constraints and, by obviating the need for users to provide domain context within queries, maintains inference efficiency comparable to the original LLM service.

Sixu Hu, Yuan Li, Xu Liu et al.

This paper presents and characterizes an Open Application Repository for Federated Learning (OARF), a benchmark suite for federated machine learning systems. Previously available benchmarks for federated learning have focused mainly on synthetic datasets and use a limited number of applications. OARF mimics more realistic application scenarios with publicly available data sets as different data silos in image, text and structured data. Our characterization shows that the benchmark suite is diverse in data size, distribution, feature distribution and learning task complexity. The extensive evaluations with reference implementations show the future research opportunities for important aspects of federated learning systems. We have developed reference implementations, and evaluated the important aspects of federated learning, including model accuracy, communication cost, throughput and convergence time. Through these evaluations, we discovered some interesting findings such as federated learning can effectively increase end-to-end throughput.

Qinbin Li, Zhaomin Wu, Zeyi Wen et al.

The Gradient Boosting Decision Tree (GBDT) is a popular machine learning model for various tasks in recent years. In this paper, we study how to improve model accuracy of GBDT while preserving the strong guarantee of differential privacy. Sensitivity and privacy budget are two key design aspects for the effectiveness of differential private models. Existing solutions for GBDT with differential privacy suffer from the significant accuracy loss due to too loose sensitivity bounds and ineffective privacy budget allocations (especially across different trees in the GBDT model). Loose sensitivity bounds lead to more noise to obtain a fixed privacy level. Ineffective privacy budget allocations worsen the accuracy loss especially when the number of trees is large. Therefore, we propose a new GBDT training algorithm that achieves tighter sensitivity bounds and more effective noise allocations. Specifically, by investigating the property of gradient and the contribution of each tree in GBDTs, we propose to adaptively control the gradients of training data for each iteration and leaf node clipping in order to tighten the sensitivity bounds. Furthermore, we design a novel boosting framework to allocate the privacy budget between trees so that the accuracy loss can be further reduced. Our experiments show that our approach can achieve much better model accuracy than other baselines.

Qinbin Li, Zeyi Wen, Zhaomin Wu et al.

Federated learning has been a hot research topic in enabling the collaborative training of machine learning models among different organizations under the privacy restrictions. As researchers try to support more machine learning models with different privacy-preserving approaches, there is a requirement in developing systems and infrastructures to ease the development of various federated learning algorithms. Similar to deep learning systems such as PyTorch and TensorFlow that boost the development of deep learning, federated learning systems (FLSs) are equivalently important, and face challenges from various aspects such as effectiveness, efficiency, and privacy. In this survey, we conduct a comprehensive review on federated learning systems. To achieve smooth flow and guide future research, we introduce the definition of federated learning systems and analyze the system components. Moreover, we provide a thorough categorization for federated learning systems according to six different aspects, including data distribution, machine learning model, privacy mechanism, communication architecture, scale of federation and motivation of federation. The categorization can help the design of federated learning systems as shown in our case studies. By systematically summarizing the existing federated learning systems, we present the design factors, case studies, and future research opportunities.