Qiang Yang

Di Chai, Leye Wang, Liu Yang et al.

Evaluation is a systematic approach to assessing how well a system achieves its intended purpose. Federated learning (FL) is a novel paradigm for privacy-preserving machine learning that allows multiple parties to collaboratively train models without sharing sensitive data. However, evaluating FL is challenging due to its interdisciplinary nature and diverse goals, such as utility, efficiency, and security. In this survey, we first review the major evaluation goals adopted in the existing studies and then explore the evaluation metrics used for each goal. We also introduce FedEval, an open-source platform that provides a standardized and comprehensive evaluation framework for FL algorithms in terms of their utility, efficiency, and security. Finally, we discuss several challenges and future research directions for FL evaluation.

Wang Lu, Hao Yu, Jindong Wang et al.

When personalized federated learning (FL) meets large foundation models, new challenges arise from various limitations in resources. In addition to typical limitations such as data, computation, and communication costs, access to the models is also often limited. This paper endeavors to solve both the challenges of limited resources and personalization. i.e., distribution shifts between clients. To do so, we propose a method named ZOOPFL that uses Zeroth-Order Optimization for Personalized Federated Learning. ZOOPFL avoids direct interference with the foundation models and instead learns to adapt its inputs through zeroth-order optimization. In addition, we employ simple yet effective linear projections to remap its predictions for personalization. To reduce the computation costs and enhance personalization, we propose input surgery to incorporate an auto-encoder with low-dimensional and client-specific embeddings. We provide theoretical support for ZOOPFL to analyze its convergence. Extensive empirical experiments on computer vision and natural language processing tasks using popular foundation models demonstrate its effectiveness for FL on black-box foundation models.

Liyuan Chen, Shuoling Liu, Jiangpeng Yan et al.

The advent of foundation models (FMs) - large-scale pre-trained models with strong generalization capabilities - has opened new frontiers for financial engineering. While general-purpose FMs such as GPT-4 and Gemini have demonstrated promising performance in tasks ranging from financial report summarization to sentiment-aware forecasting, many financial applications remain constrained by unique domain requirements such as multimodal reasoning, regulatory compliance, and data privacy. These challenges have spurred the emergence of Financial Foundation Models (FFMs) - a new class of models explicitly designed for finance. This survey presents a comprehensive overview of FFMs, with a taxonomy spanning three key modalities: Financial Language Foundation Models (FinLFMs), Financial Time-Series Foundation Models (FinTSFMs), and Financial Visual-Language Foundation Models (FinVLFMs). We review their architectures, training methodologies, datasets, and real-world applications. Furthermore, we identify critical challenges in data availability, algorithmic scalability, and infrastructure constraints, and offer insights into future research opportunities. We hope this survey serves as both a comprehensive reference for understanding FFMs and a practical roadmap for future innovation. An updated collection of FFM-related publications and resources will be maintained on our website https://github.com/FinFM/Awesome-FinFMs.

Bang Liu, Xinfeng Li, Jiayi Zhang et al. · microsoft-research

The advent of large language models (LLMs) has catalyzed a transformative shift in artificial intelligence, paving the way for advanced intelligent agents capable of sophisticated reasoning, robust perception, and versatile action across diverse domains. As these agents increasingly drive AI research and practical applications, their design, evaluation, and continuous improvement present intricate, multifaceted challenges. This book provides a comprehensive overview, framing intelligent agents within modular, brain-inspired architectures that integrate principles from cognitive science, neuroscience, and computational research. We structure our exploration into four interconnected parts. First, we systematically investigate the modular foundation of intelligent agents, systematically mapping their cognitive, perceptual, and operational modules onto analogous human brain functionalities and elucidating core components such as memory, world modeling, reward processing, goal, and emotion. Second, we discuss self-enhancement and adaptive evolution mechanisms, exploring how agents autonomously refine their capabilities, adapt to dynamic environments, and achieve continual learning through automated optimization paradigms. Third, we examine multi-agent systems, investigating the collective intelligence emerging from agent interactions, cooperation, and societal structures. Finally, we address the critical imperative of building safe and beneficial AI systems, emphasizing intrinsic and extrinsic security threats, ethical alignment, robustness, and practical mitigation strategies necessary for trustworthy real-world deployment. By synthesizing modular AI architectures with insights from different disciplines, this survey identifies key research challenges and opportunities, encouraging innovations that harmonize technological advancement with meaningful societal benefit.

Yang Liu, Bingjie Yan, Tianyuan Zou et al.

Large language models (LLMs) have demonstrated remarkable capabilities, but they require vast amounts of data and computational resources. In contrast, smaller models (SMs), while less powerful, can be more efficient and tailored to specific domains. In this position paper, we argue that taking a collaborative approach, where large and small models work synergistically, can accelerate the adaptation of LLMs to private domains and unlock new potential in AI. We explore various strategies for model collaboration and identify potential challenges and opportunities. Building upon this, we advocate for industry-driven research that prioritizes multi-objective benchmarks on real-world private datasets and applications.

Long-Kai Huang, Ying Wei, Yu Rong et al.

Transferability estimation has been an essential tool in selecting a pre-trained model and the layers in it for transfer learning, to transfer, so as to maximize the performance on a target task and prevent negative transfer. Existing estimation algorithms either require intensive training on target tasks or have difficulties in evaluating the transferability between layers. To this end, we propose a simple, efficient, and effective transferability measure named TransRate. Through a single pass over examples of a target task, TransRate measures the transferability as the mutual information between features of target examples extracted by a pre-trained model and their labels. We overcome the challenge of efficient mutual information estimation by resorting to coding rate that serves as an effective alternative to entropy. From the perspective of feature representation, the resulting TransRate evaluates both completeness (whether features contain sufficient information of a target task) and compactness (whether features of each class are compact enough for good generalization) of pre-trained features. Theoretically, we have analyzed the close connection of TransRate to the performance after transfer learning. Despite its extraordinary simplicity in 10 lines of codes, TransRate performs remarkably well in extensive evaluations on 32 pre-trained models and 16 downstream tasks.

Zhangjie Cao, Kaichao You, Mingsheng Long et al.

Domain adaptation is critical for learning in new and unseen environments. With domain adversarial training, deep networks can learn disentangled and transferable features that effectively diminish the dataset shift between the source and target domains for knowledge transfer. In the era of Big Data, the ready availability of large-scale labeled datasets has stimulated wide interest in partial domain adaptation (PDA), which transfers a recognizer from a labeled large domain to an unlabeled small domain. It extends standard domain adaptation to the scenario where target labels are only a subset of source labels. Under the condition that target labels are unknown, the key challenge of PDA is how to transfer relevant examples in the shared classes to promote positive transfer, and ignore irrelevant ones in the specific classes to mitigate negative transfer. In this work, we propose a unified approach to PDA, Example Transfer Network (ETN), which jointly learns domain-invariant representations across the source and target domains, and a progressive weighting scheme that quantifies the transferability of source examples while controlling their importance to the learning task in the target domain. A thorough evaluation on several benchmark datasets shows that our approach achieves state-of-the-art results for partial domain adaptation tasks.

Quanming Yao, Xiawei Guo, James T. Kwok et al.

To meet the standard of differential privacy, noise is usually added into the original data, which inevitably deteriorates the predicting performance of subsequent learning algorithms. In this paper, motivated by the success of improving predicting performance by ensemble learning, we propose to enhance privacy-preserving logistic regression by stacking. We show that this can be done either by sample-based or feature-based partitioning. However, we prove that when privacy-budgets are the same, feature-based partitioning requires fewer samples than sample-based one, and thus likely has better empirical performance. As transfer learning is difficult to be integrated with a differential privacy guarantee, we further combine the proposed method with hypothesis transfer learning to address the problem of learning across different organizations. Finally, we not only demonstrate the effectiveness of our method on two benchmark data sets, i.e., MNIST and NEWS20, but also apply it into a real application of cross-organizational diabetes prediction from RUIJIN data set, where privacy is of significant concern.

Shu Kong, Zhuolin Jiang, Qiang Yang

The challenge of object categorization in images is largely due to arbitrary translations and scales of the foreground objects. To attack this difficulty, we propose a new approach called collaborative receptive field learning to extract specific receptive fields (RF's) or regions from multiple images, and the selected RF's are supposed to focus on the foreground objects of a common category. To this end, we solve the problem by maximizing a submodular function over a similarity graph constructed by a pool of RF candidates. However, measuring pairwise distance of RF's for building the similarity graph is a nontrivial problem. Hence, we introduce a similarity metric called pyramid-error distance (PED) to measure their pairwise distances through summing up pyramid-like matching errors over a set of low-level features. Besides, in consistent with the proposed PED, we construct a simple nonparametric classifier for classification. Experimental results show that our method effectively discovers the foreground objects in images, and improves classification performance.

Shu Kong, Zhuolin Jiang, Qiang Yang

We now know that mid-level features can greatly enhance the performance of image learning, but how to automatically learn the image features efficiently and in an unsupervised manner is still an open question. In this paper, we present a very efficient mid-level feature learning approach (MidFea), which only involves simple operations such as $k$-means clustering, convolution, pooling, vector quantization and random projection. We explain why this simple method generates the desired features, and argue that there is no need to spend much time in learning low-level feature extractors. Furthermore, to boost the performance, we propose to model the neuron selectivity (NS) principle by building an additional layer over the mid-level features before feeding the features into the classifier. We show that the NS-layer learns category-specific neurons with both bottom-up inference and top-down analysis, and thus supports fast inference for a query image. We run extensive experiments on several public databases to demonstrate that our approach can achieve state-of-the-art performances for face recognition, gender classification, age estimation and object categorization. In particular, we demonstrate that our approach is more than an order of magnitude faster than some recently proposed sparse coding based methods.