Qianqian Xie

Qianqian Xie, Weiguang Han, Xiao Zhang et al.

Although large language models (LLMs) has shown great performance on natural language processing (NLP) in the financial domain, there are no publicly available financial tailtored LLMs, instruction tuning datasets, and evaluation benchmarks, which is critical for continually pushing forward the open-source development of financial artificial intelligence (AI). This paper introduces PIXIU, a comprehensive framework including the first financial LLM based on fine-tuning LLaMA with instruction data, the first instruction data with 136K data samples to support the fine-tuning, and an evaluation benchmark with 5 tasks and 9 datasets. We first construct the large-scale multi-task instruction data considering a variety of financial tasks, financial document types, and financial data modalities. We then propose a financial LLM called FinMA by fine-tuning LLaMA with the constructed dataset to be able to follow instructions for various financial tasks. To support the evaluation of financial LLMs, we propose a standardized benchmark that covers a set of critical financial tasks, including five financial NLP tasks and one financial prediction task. With this benchmark, we conduct a detailed analysis of FinMA and several existing LLMs, uncovering their strengths and weaknesses in handling critical financial tasks. The model, datasets, benchmark, and experimental results are open-sourced to facilitate future research in financial AI.

Qianqian Xie, Zheheng Luo, Benyou Wang et al.

The exponential growth of biomedical texts such as biomedical literature and electronic health records (EHRs), poses a significant challenge for clinicians and researchers to access clinical information efficiently. To tackle this challenge, biomedical text summarization (BTS) has been proposed as a solution to support clinical information retrieval and management. BTS aims at generating concise summaries that distill key information from single or multiple biomedical documents. In recent years, the rapid advancement of fundamental natural language processing (NLP) techniques, from pre-trained language models (PLMs) to large language models (LLMs), has greatly facilitated the progress of BTS. This growth has led to numerous proposed summarization methods, datasets, and evaluation metrics, raising the need for a comprehensive and up-to-date survey for BTS. In this paper, we present a systematic review of recent advancements in BTS, leveraging cutting-edge NLP techniques from PLMs to LLMs, to help understand the latest progress, challenges, and future directions. We begin by introducing the foundational concepts of BTS, PLMs and LLMs, followed by an in-depth review of available datasets, recent approaches, and evaluation metrics in BTS. We finally discuss existing challenges and promising future directions in the era of LLMs. To facilitate the research community, we line up open resources including available datasets, recent approaches, codes, evaluation metrics, and the leaderboard in a public project: https://github.com/KenZLuo/Biomedical-Text-Summarization-Survey/tree/master. We believe that this survey will be a useful resource to researchers, allowing them to quickly track recent advancements and provide guidelines for future BTS research within the research community.

Kailai Yang, Tianlin Zhang, Ziyan Kuang et al.

With the development of web technology, social media texts are becoming a rich source for automatic mental health analysis. As traditional discriminative methods bear the problem of low interpretability, the recent large language models have been explored for interpretable mental health analysis on social media, which aims to provide detailed explanations along with predictions. The results show that ChatGPT can generate approaching-human explanations for its correct classifications. However, LLMs still achieve unsatisfactory classification performance in a zero-shot/few-shot manner. Domain-specific finetuning is an effective solution, but faces 2 challenges: 1) lack of high-quality training data. 2) no open-source LLMs for interpretable mental health analysis were released to lower the finetuning cost. To alleviate these problems, we build the first multi-task and multi-source interpretable mental health instruction (IMHI) dataset on social media, with 105K data samples. The raw social media data are collected from 10 existing sources covering 8 mental health analysis tasks. We use expert-written few-shot prompts and collected labels to prompt ChatGPT and obtain explanations from its responses. To ensure the reliability of the explanations, we perform strict automatic and human evaluations on the correctness, consistency, and quality of generated data. Based on the IMHI dataset and LLaMA2 foundation models, we train MentalLLaMA, the first open-source LLM series for interpretable mental health analysis with instruction-following capability. We also evaluate the performance of MentalLLaMA on the IMHI evaluation benchmark with 10 test sets, where their correctness for making predictions and the quality of explanations are examined. The results show that MentalLLaMA approaches state-of-the-art discriminative methods in correctness and generates high-quality explanations.

Jimin Huang, Mengxi Xiao, Dong Li et al.

Financial LLMs hold promise for advancing financial tasks and domain-specific applications. However, they are limited by scarce corpora, weak multimodal capabilities, and narrow evaluations, making them less suited for real-world application. To address this, we introduce \textit{Open-FinLLMs}, the first open-source multimodal financial LLMs designed to handle diverse tasks across text, tabular, time-series, and chart data, excelling in zero-shot, few-shot, and fine-tuning settings. The suite includes FinLLaMA, pre-trained on a comprehensive 52-billion-token corpus; FinLLaMA-Instruct, fine-tuned with 573K financial instructions; and FinLLaVA, enhanced with 1.43M multimodal tuning pairs for strong cross-modal reasoning. We comprehensively evaluate Open-FinLLMs across 14 financial tasks, 30 datasets, and 4 multimodal tasks in zero-shot, few-shot, and supervised fine-tuning settings, introducing two new multimodal evaluation datasets. Our results show that Open-FinLLMs outperforms afvanced financial and general LLMs such as GPT-4, across financial NLP, decision-making, and multi-modal tasks, highlighting their potential to tackle real-world challenges. To foster innovation and collaboration across academia and industry, we release all codes (https://anonymous.4open.science/r/PIXIU2-0D70/B1D7/LICENSE) and models under OSI-approved licenses.

Benyou Wang, Xiangbo Wu, Xiaokang Liu et al.

Language is the principal tool for human communication, in which humor is one of the most attractive parts. Producing natural language like humans using computers, a.k.a, Natural Language Generation (NLG), has been widely used for dialogue systems, chatbots, machine translation, as well as computer-aid creation e.g., idea generations, scriptwriting. However, the humor aspect of natural language is relatively under-investigated, especially in the age of pre-trained language models. In this work, we aim to preliminarily test whether NLG can generate humor as humans do. We build a new dataset consisting of numerous digitized Chinese Comical Crosstalk scripts (called C$^3$ in short), which is for a popular Chinese performing art called `Xiangsheng' since 1800s. (For convenience for non-Chinese speakers, we called `crosstalk' for `Xiangsheng' in this paper.) We benchmark various generation approaches including training-from-scratch Seq2seq, fine-tuned middle-scale PLMs, and large-scale PLMs (with and without fine-tuning). Moreover, we also conduct a human assessment, showing that 1) large-scale pretraining largely improves crosstalk generation quality; and 2) even the scripts generated from the best PLM is far from what we expect, with only 65% quality of human-created crosstalk. We conclude, humor generation could be largely improved using large-scaled PLMs, but it is still in its infancy. The data and benchmarking code is publicly available in \url{https://github.com/anonNo2/crosstalk-generation}.

Zhaoyi Sun, Mingquan Lin, Qingqing Zhu et al. · uw

Computer-assisted diagnostic and prognostic systems of the future should be capable of simultaneously processing multimodal data. Multimodal deep learning (MDL), which involves the integration of multiple sources of data, such as images and text, has the potential to revolutionize the analysis and interpretation of biomedical data. However, it only caught researchers' attention recently. To this end, there is a critical need to conduct a systematic review on this topic, identify the limitations of current work, and explore future directions. In this scoping review, we aim to provide a comprehensive overview of the current state of the field and identify key concepts, types of studies, and research gaps with a focus on biomedical images and texts joint learning, mainly because these two were the most commonly available data types in MDL research. This study reviewed the current uses of multimodal deep learning on five tasks: (1) Report generation, (2) Visual question answering, (3) Cross-modal retrieval, (4) Computer-aided diagnosis, and (5) Semantic segmentation. Our results highlight the diverse applications and potential of MDL and suggest directions for future research in the field. We hope our review will facilitate the collaboration of natural language processing (NLP) and medical imaging communities and support the next generation of decision-making and computer-assisted diagnostic system development.

Jennifer A Bishop, Qianqian Xie, Sophia Ananiadou

Maintaining factual consistency is a critical issue in abstractive text summarisation, however, it cannot be assessed by traditional automatic metrics used for evaluating text summarisation, such as ROUGE scoring. Recent efforts have been devoted to developing improved metrics for measuring factual consistency using pre-trained language models, but these metrics have restrictive token limits, and are therefore not suitable for evaluating long document text summarisation. Moreover, there is limited research and resources available for evaluating whether existing automatic evaluation metrics are fit for purpose when applied in long document settings. In this work, we evaluate the efficacy of automatic metrics for assessing the factual consistency of long document text summarisation. We create a human-annotated data set for evaluating automatic factuality metrics, LongSciVerify, which contains fine-grained factual consistency annotations for long document summaries from the scientific domain. We also propose a new evaluation framework, LongDocFACTScore, which is suitable for evaluating long document summarisation. This framework allows metrics to be efficiently extended to any length document and outperforms existing state-of-the-art metrics in its ability to correlate with human measures of factuality when used to evaluate long document summarisation data sets. We make our code and LongSciVerify data set publicly available: https://github.com/jbshp/LongDocFACTScore.

Miao Peng, Ben Liu, Qianqian Xie et al.

Link prediction is the task of inferring missing links between entities in knowledge graphs. Embedding-based methods have shown effectiveness in addressing this problem by modeling relational patterns in triples. However, the link prediction task often requires contextual information in entity neighborhoods, while most existing embedding-based methods fail to capture it. Additionally, little attention is paid to the diversity of entity representations in different contexts, which often leads to false prediction results. In this situation, we consider that the schema of knowledge graph contains the specific contextual information, and it is beneficial for preserving the consistency of entities across contexts. In this paper, we propose a novel Schema-augmented Multi-level contrastive LEarning framework (SMiLE) to conduct knowledge graph link prediction. Specifically, we first exploit network schema as the prior constraint to sample negatives and pre-train our model by employing a multi-level contrastive learning method to yield both prior schema and contextual information. Then we fine-tune our model under the supervision of individual triples to learn subtler representations for link prediction. Extensive experimental results on four knowledge graph datasets with thorough analysis of each component demonstrate the effectiveness of our proposed framework against state-of-the-art baselines. The implementation of SMiLE is available at https://github.com/GKNL/SMiLE.

Chenhan Yuan, Qianqian Xie, Sophia Ananiadou

The goal of temporal relation extraction is to infer the temporal relation between two events in the document. Supervised models are dominant in this task. In this work, we investigate ChatGPT's ability on zero-shot temporal relation extraction. We designed three different prompt techniques to break down the task and evaluate ChatGPT. Our experiments show that ChatGPT's performance has a large gap with that of supervised methods and can heavily rely on the design of prompts. We further demonstrate that ChatGPT can infer more small relation classes correctly than supervised methods. The current shortcomings of ChatGPT on temporal relation extraction are also discussed in this paper. We found that ChatGPT cannot keep consistency during temporal inference and it fails in actively long-dependency temporal inference.

Zheheng Luo, Qianqian Xie, Sophia Ananiadou

The performance of text summarization has been greatly boosted by pre-trained language models. A main concern of existing methods is that most generated summaries are not factually inconsistent with their source documents. To alleviate the problem, many efforts have focused on developing effective factuality evaluation metrics based on natural language inference, question answering, and syntactic dependency et al. However, these approaches are limited by either their high computational complexity or the uncertainty introduced by multi-component pipelines, resulting in only partial agreement with human judgement. Most recently, large language models(LLMs) have shown excellent performance in not only text generation but also language comprehension. In this paper, we particularly explore ChatGPT's ability to evaluate factual inconsistency under a zero-shot setting by examining it on both coarse-grained and fine-grained evaluation tasks including binary entailment inference, summary ranking, and consistency rating. Experimental results indicate that ChatGPT generally outperforms previous evaluation metrics across the three tasks, indicating its great potential for factual inconsistency evaluation. However, a closer inspection of ChatGPT's output reveals certain limitations including its preference for more lexically similar candidates, false reasoning, and inadequate understanding of instructions.

Duanyu Feng, Yongfu Dai, Jimin Huang et al.

In the financial industry, credit scoring is a fundamental element, shaping access to credit and determining the terms of loans for individuals and businesses alike. Traditional credit scoring methods, however, often grapple with challenges such as narrow knowledge scope and isolated evaluation of credit tasks. Our work posits that Large Language Models (LLMs) have great potential for credit scoring tasks, with strong generalization ability across multiple tasks. To systematically explore LLMs for credit scoring, we propose the first open-source comprehensive framework. We curate a novel benchmark covering 9 datasets with 14K samples, tailored for credit assessment and a critical examination of potential biases within LLMs, and the novel instruction tuning data with over 45k samples. We then propose the first Credit and Risk Assessment Large Language Model (CALM) by instruction tuning, tailored to the nuanced demands of various financial risk assessment tasks. We evaluate CALM, existing state-of-art (SOTA) methods, open source and closed source LLMs on the build benchmark. Our empirical results illuminate the capability of LLMs to not only match but surpass conventional models, pointing towards a future where credit scoring can be more inclusive, comprehensive, and unbiased. We contribute to the industry's transformation by sharing our pioneering instruction-tuning datasets, credit and risk assessment LLM, and benchmarks with the research community and the financial industry.

Zheheng Luo, Qianqian Xie, Sophia Ananiadou

Different from general documents, it is recognised that the ease with which people can understand a biomedical text is eminently varied, owing to the highly technical nature of biomedical documents and the variance of readers' domain knowledge. However, existing biomedical document summarization systems have paid little attention to readability control, leaving users with summaries that are incompatible with their levels of expertise. In recognition of this urgent demand, we introduce a new task of readability controllable summarization for biomedical documents, which aims to recognise users' readability demands and generate summaries that better suit their needs: technical summaries for experts and plain language summaries (PLS) for laymen. To establish this task, we construct a corpus consisting of biomedical papers with technical summaries and PLSs written by the authors, and benchmark multiple advanced controllable abstractive and extractive summarization models based on pre-trained language models (PLMs) with prevalent controlling and generation techniques. Moreover, we propose a novel masked language model (MLM) based metric and its variant to effectively evaluate the readability discrepancy between lay and technical summaries. Experimental results from automated and human evaluations show that though current control techniques allow for a certain degree of readability adjustment during generation, the performance of existing controllable summarization methods is far from desirable in this task.

Qianqian Xie, Jimin Huang, Tulika Saha et al.

Recently, neural topic models (NTMs) have been incorporated into pre-trained language models (PLMs), to capture the global semantic information for text summarization. However, in these methods, there remain limitations in the way they capture and integrate the global semantic information. In this paper, we propose a novel model, the graph contrastive topic enhanced language model (GRETEL), that incorporates the graph contrastive topic model with the pre-trained language model, to fully leverage both the global and local contextual semantics for long document extractive summarization. To better capture and incorporate the global semantic information into PLMs, the graph contrastive topic model integrates the hierarchical transformer encoder and the graph contrastive learning to fuse the semantic information from the global document context and the gold summary. To this end, GRETEL encourages the model to efficiently extract salient sentences that are topically related to the gold summary, rather than redundant sentences that cover sub-optimal topics. Experimental results on both general domain and biomedical datasets demonstrate that our proposed method outperforms SOTA methods.

Zhiwei Liu, Xin Zhang, Kailai Yang et al.

The emergence of social media has made the spread of misinformation easier. In the financial domain, the accuracy of information is crucial for various aspects of financial market, which has made financial misinformation detection (FMD) an urgent problem that needs to be addressed. Large language models (LLMs) have demonstrated outstanding performance in various fields. However, current studies mostly rely on traditional methods and have not explored the application of LLMs in the field of FMD. The main reason is the lack of FMD instruction tuning datasets and evaluation benchmarks. In this paper, we propose FMDLlama, the first open-sourced instruction-following LLMs for FMD task based on fine-tuning Llama3.1 with instruction data, the first multi-task FMD instruction dataset (FMDID) to support LLM instruction tuning, and a comprehensive FMD evaluation benchmark (FMD-B) with classification and explanation generation tasks to test the FMD ability of LLMs. We compare our models with a variety of LLMs on FMD-B, where our model outperforms other open-sourced LLMs as well as OpenAI's products. This project is available at https://github.com/lzw108/FMD.

Tomas Goldsack, Zheheng Luo, Qianqian Xie et al.

This paper presents the results of the shared task on Lay Summarisation of Biomedical Research Articles (BioLaySumm), hosted at the BioNLP Workshop at ACL 2023. The goal of this shared task is to develop abstractive summarisation models capable of generating "lay summaries" (i.e., summaries that are comprehensible to non-technical audiences) in both a controllable and non-controllable setting. There are two subtasks: 1) Lay Summarisation, where the goal is for participants to build models for lay summary generation only, given the full article text and the corresponding abstract as input; and 2) Readability-controlled Summarisation, where the goal is for participants to train models to generate both the technical abstract and the lay summary, given an article's main text as input. In addition to overall results, we report on the setup and insights from the BioLaySumm shared task, which attracted a total of 20 participating teams across both subtasks.

Kailai Yang, Shaoxiong Ji, Tianlin Zhang et al.

The latest large language models (LLMs) such as ChatGPT, exhibit strong capabilities in automated mental health analysis. However, existing relevant studies bear several limitations, including inadequate evaluations, lack of prompting strategies, and ignorance of exploring LLMs for explainability. To bridge these gaps, we comprehensively evaluate the mental health analysis and emotional reasoning ability of LLMs on 11 datasets across 5 tasks. We explore the effects of different prompting strategies with unsupervised and distantly supervised emotional information. Based on these prompts, we explore LLMs for interpretable mental health analysis by instructing them to generate explanations for each of their decisions. We convey strict human evaluations to assess the quality of the generated explanations, leading to a novel dataset with 163 human-assessed explanations. We benchmark existing automatic evaluation metrics on this dataset to guide future related works. According to the results, ChatGPT shows strong in-context learning ability but still has a significant gap with advanced task-specific methods. Careful prompt engineering with emotional cues and expert-written few-shot examples can also effectively improve performance on mental health analysis. In addition, ChatGPT generates explanations that approach human performance, showing its great potential in explainable mental health analysis.

Zheheng Luo, Lei Liu, Qianqian Xie et al.

Existing NTMs with contrastive learning suffer from the sample bias problem owing to the word frequency-based sampling strategy, which may result in false negative samples with similar semantics to the prototypes. In this paper, we aim to explore the efficient sampling strategy and contrastive learning in NTMs to address the aforementioned issue. We propose a new sampling assumption that negative samples should contain words that are semantically irrelevant to the prototype. Based on it, we propose the graph contrastive topic model (GCTM), which conducts graph contrastive learning (GCL) using informative positive and negative samples that are generated by the graph-based sampling strategy leveraging in-depth correlation and irrelevance among documents and words. In GCTM, we first model the input document as the document word bipartite graph (DWBG), and construct positive and negative word co-occurrence graphs (WCGs), encoded by graph neural networks, to express in-depth semantic correlation and irrelevance among words. Based on the DWBG and WCGs, we design the document-word information propagation (DWIP) process to perform the edge perturbation of DWBG, based on multi-hop correlations/irrelevance among documents and words. This yields the desired negative and positive samples, which will be utilized for GCL together with the prototypes to improve learning document topic representations and latent topics. We further show that GCL can be interpreted as the structured variational graph auto-encoder which maximizes the mutual information of latent topic representations of different perspectives on DWBG. Experiments on several benchmark datasets demonstrate the effectiveness of our method for topic coherence and document representation learning compared with existing SOTA methods.

Qianqian Xie, Weiguang Han, Yanzhao Lai et al.

Recently, large language models (LLMs) like ChatGPT have demonstrated remarkable performance across a variety of natural language processing tasks. However, their effectiveness in the financial domain, specifically in predicting stock market movements, remains to be explored. In this paper, we conduct an extensive zero-shot analysis of ChatGPT's capabilities in multimodal stock movement prediction, on three tweets and historical stock price datasets. Our findings indicate that ChatGPT is a "Wall Street Neophyte" with limited success in predicting stock movements, as it underperforms not only state-of-the-art methods but also traditional methods like linear regression using price features. Despite the potential of Chain-of-Thought prompting strategies and the inclusion of tweets, ChatGPT's performance remains subpar. Furthermore, we observe limitations in its explainability and stability, suggesting the need for more specialized training or fine-tuning. This research provides insights into ChatGPT's capabilities and serves as a foundation for future work aimed at improving financial market analysis and prediction by leveraging social media sentiment and historical stock data.

Yangyang Yu, Zhiyuan Yao, Haohang Li et al.

Large language models (LLMs) have demonstrated notable potential in conducting complex tasks and are increasingly utilized in various financial applications. However, high-quality sequential financial investment decision-making remains challenging. These tasks require multiple interactions with a volatile environment for every decision, demanding sufficient intelligence to maximize returns and manage risks. Although LLMs have been used to develop agent systems that surpass human teams and yield impressive investment returns, opportunities to enhance multi-sourced information synthesis and optimize decision-making outcomes through timely experience refinement remain unexplored. Here, we introduce the FinCon, an LLM-based multi-agent framework with CONceptual verbal reinforcement tailored for diverse FINancial tasks. Inspired by effective real-world investment firm organizational structures, FinCon utilizes a manager-analyst communication hierarchy. This structure allows for synchronized cross-functional agent collaboration towards unified goals through natural language interactions and equips each agent with greater memory capacity than humans. Additionally, a risk-control component in FinCon enhances decision quality by episodically initiating a self-critiquing mechanism to update systematic investment beliefs. The conceptualized beliefs serve as verbal reinforcement for the future agent's behavior and can be selectively propagated to the appropriate node that requires knowledge updates. This feature significantly improves performance while reducing unnecessary peer-to-peer communication costs. Moreover, FinCon demonstrates strong generalization capabilities in various financial tasks, including single stock trading and portfolio management.

Qianqian Xie, Jiayu Zhou, Yifan Peng et al.

Automatic radiology report summarization is a crucial clinical task, whose key challenge is to maintain factual accuracy between produced summaries and ground truth radiology findings. Existing research adopts reinforcement learning to directly optimize factual consistency metrics such as CheXBert or RadGraph score. However, their decoding method using greedy search or beam search considers no factual consistency when picking the optimal candidate, leading to limited factual consistency improvement. To address it, we propose a novel second-stage summarizing approach FactReranker, the first attempt that learns to choose the best summary from all candidates based on their estimated factual consistency score. We propose to extract medical facts of the input medical report, its gold summary, and candidate summaries based on the RadGraph schema and design the fact-guided reranker to efficiently incorporate the extracted medical facts for selecting the optimal summary. We decompose the fact-guided reranker into the factual knowledge graph generation and the factual scorer, which allows the reranker to model the mapping between the medical facts of the input text and its gold summary, thus can select the optimal summary even the gold summary can't be observed during inference. We also present a fact-based ranking metric (RadMRR) for measuring the ability of the reranker on selecting factual consistent candidates. Experimental results on two benchmark datasets demonstrate the superiority of our method in generating summaries with higher factual consistency scores when compared with existing methods.

Yongfu Dai, Duanyu Feng, Jimin Huang et al.

General and legal domain LLMs have demonstrated strong performance in various tasks of LegalAI. However, the current evaluations of these LLMs in LegalAI are defined by the experts of computer science, lacking consistency with the logic of legal practice, making it difficult to judge their practical capabilities. To address this challenge, we are the first to build the Chinese legal LLMs benchmark LAiW, based on the logic of legal practice. To align with the thinking process of legal experts and legal practice (syllogism), we divide the legal capabilities of LLMs from easy to difficult into three levels: basic information retrieval, legal foundation inference, and complex legal application. Each level contains multiple tasks to ensure a comprehensive evaluation. Through automated evaluation of current general and legal domain LLMs on our benchmark, we indicate that these LLMs may not align with the logic of legal practice. LLMs seem to be able to directly acquire complex legal application capabilities but perform poorly in some basic tasks, which may pose obstacles to their practical application and acceptance by legal experts. To further confirm the complex legal application capabilities of current LLMs in legal application scenarios, we also incorporate human evaluation with legal experts. The results indicate that while LLMs may demonstrate strong performance, they still require reinforcement of legal logic.

Kailai Yang, Zhiwei Liu, Qianqian Xie et al.

Recent advancements in large language model alignment leverage token-level supervisions to perform fine-grained preference optimization. However, existing token-level alignment methods either optimize on all available tokens, which can be noisy and inefficient, or perform selective training with complex and expensive key token selection strategies. In this work, we propose Selective Preference Optimization (SePO), a novel selective alignment strategy that centers on efficient key token selection. SePO proposes the first token selection method based on Direct Preference Optimization (DPO), which trains an oracle model to estimate a token-level reward function on the target data. This method applies to any existing alignment datasets with response-level annotations and enables cost-efficient token selection with small-scale oracle models and training data. The estimated reward function is then utilized to score all tokens within the target dataset, where only the key tokens are selected to supervise the target policy model with a reference model-free contrastive objective function. Extensive experiments on three public evaluation benchmarks show that SePO significantly outperforms competitive baseline methods by only optimizing 30% key tokens on the target dataset. SePO applications on weak-to-strong generalization show that weak oracle models effectively supervise strong policy models with up to 16.8x more parameters. SePO also effectively selects key tokens from out-of-distribution data to enhance strong policy models and alleviate the over-optimization problem.

Yuxin Wang, Duanyu Feng, Yongfu Dai et al.

Data serves as the fundamental foundation for advancing deep learning, particularly tabular data presented in a structured format, which is highly conducive to modeling. However, even in the era of LLM, obtaining tabular data from sensitive domains remains a challenge due to privacy or copyright concerns. Hence, exploring how to effectively use models like LLMs to generate realistic and privacy-preserving synthetic tabular data is urgent. In this paper, we take a step forward to explore LLMs for tabular data synthesis and privacy protection, by introducing a new framework HARMONIC for tabular data generation and evaluation. In the tabular data generation of our framework, unlike previous small-scale LLM-based methods that rely on continued pre-training, we explore the larger-scale LLMs with fine-tuning to generate tabular data and enhance privacy. Based on idea of the k-nearest neighbors algorithm, an instruction fine-tuning dataset is constructed to inspire LLMs to discover inter-row relationships. Then, with fine-tuning, LLMs are trained to remember the format and connections of the data rather than the data itself, which reduces the risk of privacy leakage. In the evaluation part of our framework, we develop specific privacy risk metrics DLT for LLM synthetic data generation, as well as performance evaluation metrics LLE for downstream LLM tasks. Our experiments find that this tabular data generation framework achieves equivalent performance to existing methods with better privacy, which also demonstrates our evaluation framework for the effectiveness of synthetic data and privacy risks in LLM scenarios.

Weiguang Han, Jimin Huang, Qianqian Xie et al.

Although pair trading is the simplest hedging strategy for an investor to eliminate market risk, it is still a great challenge for reinforcement learning (RL) methods to perform pair trading as human expertise. It requires RL methods to make thousands of correct actions that nevertheless have no obvious relations to the overall trading profit, and to reason over infinite states of the time-varying market most of which have never appeared in history. However, existing RL methods ignore the temporal connections between asset price movements and the risk of the performed trading. These lead to frequent tradings with high transaction costs and potential losses, which barely reach the human expertise level of trading. Therefore, we introduce CREDIT, a risk-aware agent capable of learning to exploit long-term trading opportunities in pair trading similar to a human expert. CREDIT is the first to apply bidirectional GRU along with the temporal attention mechanism to fully consider the temporal correlations embedded in the states, which allows CREDIT to capture long-term patterns of the price movements of two assets to earn higher profit. We also design the risk-aware reward inspired by the economic theory, that models both the profit and risk of the tradings during the trading period. It helps our agent to master pair trading with a robust trading preference that avoids risky trading with possible high returns and losses. Experiments show that it outperforms existing reinforcement learning methods in pair trading and achieves a significant profit over five years of U.S. stock data.

Qianqian Xie, Weiguang Han, Zhengyu Chen et al.

LLMs have transformed NLP and shown promise in various fields, yet their potential in finance is underexplored due to a lack of comprehensive evaluation benchmarks, the rapid development of LLMs, and the complexity of financial tasks. In this paper, we introduce FinBen, the first extensive open-source evaluation benchmark, including 36 datasets spanning 24 financial tasks, covering seven critical aspects: information extraction (IE), textual analysis, question answering (QA), text generation, risk management, forecasting, and decision-making. FinBen offers several key innovations: a broader range of tasks and datasets, the first evaluation of stock trading, novel agent and Retrieval-Augmented Generation (RAG) evaluation, and three novel open-source evaluation datasets for text summarization, question answering, and stock trading. Our evaluation of 15 representative LLMs, including GPT-4, ChatGPT, and the latest Gemini, reveals several key findings: While LLMs excel in IE and textual analysis, they struggle with advanced reasoning and complex tasks like text generation and forecasting. GPT-4 excels in IE and stock trading, while Gemini is better at text generation and forecasting. Instruction-tuned LLMs improve textual analysis but offer limited benefits for complex tasks such as QA. FinBen has been used to host the first financial LLMs shared task at the FinNLP-AgentScen workshop during IJCAI-2024, attracting 12 teams. Their novel solutions outperformed GPT-4, showcasing FinBen's potential to drive innovation in financial LLMs. All datasets, results, and codes are released for the research community: https://github.com/The-FinAI/PIXIU.

Mengxi Xiao, Kailai Yang, Pengde Zhao et al.

Mental health disorders affect hundreds of millions globally, and the Web now serves as a primary medium for accessing support, information, and assessment. Large language models (LLMs) offer scalable and accessible assistance, yet their deployment in mental-health settings remains risky when their reasoning is incomplete, inconsistent, or ungrounded. Existing psychological LLMs emphasize emotional understanding or knowledge recall but overlook the step-wise, clinically aligned reasoning required for appraisal, diagnosis, intervention planning, abstraction, and verification. To address these issues, we introduce MentraSuite, a unified framework for advancing reliable mental-health reasoning. We propose MentraBench, a comprehensive benchmark spanning five core reasoning aspects, six tasks, and 13 datasets, evaluating both task performance and reasoning quality across five dimensions: conciseness, coherence, hallucination avoidance, task understanding, and internal consistency. We further present Mindora, a post-trained model optimized through a hybrid SFT-RL framework with an inconsistency-detection reward to enforce faithful and coherent reasoning. To support training, we construct high-quality trajectories using a novel reasoning trajectory generation strategy, that strategically filters difficult samples and applies a structured, consistency-oriented rewriting process to produce concise, readable, and well-balanced trajectories. Across 20 evaluated LLMs, Mindora achieves the highest average performance on MentraBench and shows remarkable performances in reasoning reliability, demonstrating its effectiveness for complex mental-health scenarios.

Haohang Li, Yupeng Cao, Yangyang Yu et al. · utoronto

Recent advancements have underscored the potential of large language model (LLM)-based agents in financial decision-making. Despite this progress, the field currently encounters two main challenges: (1) the lack of a comprehensive LLM agent framework adaptable to a variety of financial tasks, and (2) the absence of standardized benchmarks and consistent datasets for assessing agent performance. To tackle these issues, we introduce \textsc{InvestorBench}, the first benchmark specifically designed for evaluating LLM-based agents in diverse financial decision-making contexts. InvestorBench enhances the versatility of LLM-enabled agents by providing a comprehensive suite of tasks applicable to different financial products, including single equities like stocks, cryptocurrencies and exchange-traded funds (ETFs). Additionally, we assess the reasoning and decision-making capabilities of our agent framework using thirteen different LLMs as backbone models, across various market environments and tasks. Furthermore, we have curated a diverse collection of open-source, multi-modal datasets and developed a comprehensive suite of environments for financial decision-making. This establishes a highly accessible platform for evaluating financial agents' performance across various scenarios.

Zheheng Luo, Qianqian Xie, Sophia Ananiadou

Factual inconsistency with source documents in automatically generated summaries can lead to misinformation or pose risks. Existing factual consistency (FC) metrics are constrained by their performance, efficiency, and explainability. Recent advances in Large language models (LLMs) have demonstrated remarkable potential in text evaluation but their effectiveness in assessing FC in summarization remains underexplored. Prior research has mostly focused on proprietary LLMs, leaving essential factors that affect their assessment capabilities unexplored. Additionally, current FC evaluation benchmarks are restricted to news articles, casting doubt on the generality of the FC methods tested on them. In this paper, we first address the gap by introducing TreatFact a dataset of LLM-generated summaries of clinical texts, annotated for FC by domain experts. Moreover, we benchmark 11 LLMs for FC evaluation across news and clinical domains and analyse the impact of model size, prompts, pre-training and fine-tuning data. Our findings reveal that despite proprietary models prevailing on the task, open-source LLMs lag behind. Nevertheless, there is potential for enhancing the performance of open-source LLMs through increasing model size, expanding pre-training data, and developing well-curated fine-tuning data. Experiments on TreatFact suggest that both previous methods and LLM-based evaluators are unable to capture factual inconsistencies in clinical summaries, posing a new challenge for FC evaluation.

Qianqian Xie, Qingyu Chen, Aokun Chen et al.

Recent advancements in large language models (LLMs) like ChatGPT and LLaMA show promise in medical applications, yet challenges remain in medical language comprehension. This study presents Me-LLaMA, a new medical LLM family based on open-source LLaMA models, optimized for medical text analysis and diagnosis by leveraging large-scale, domain-specific datasets. The Me-LLaMA family, including foundation models Me-LLaMA 13/70B and their chat-enhanced versions, was developed through continued pre-training and instruction tuning with 129B tokens and 214K samples from biomedical and clinical sources. Training the 70B models required over 100,000 A100 GPU hours. Me-LLaMA's performance was evaluated across six medical text analysis tasks using 12 benchmark datasets and complex clinical case diagnosis, with automatic and human evaluations. Results indicate Me-LLaMA outperforms LLaMA and other open-source medical LLMs in zero-shot and supervised settings. Task-specific tuning further boosts performance, surpassing ChatGPT on 7 of 8 datasets and GPT-4 on 5 of 8. For complex clinical cases, Me-LLaMA achieves performance comparable to ChatGPT and GPT-4. This work underscores the importance of domain-specific data in developing medical LLMs and addresses the high computational costs involved in training, highlighting a balance between pre-training and fine-tuning strategies. Me-LLaMA models are now accessible under user agreements, providing a valuable resource for advancing medical AI.

Yaning Pan, Zekun Wang, Qianqian Xie et al.

The recent development of Multimodal Large Language Models (MLLMs) has significantly advanced AI's ability to understand visual modalities. However, existing evaluation benchmarks remain limited to single-turn question answering, overlooking the complexity of multi-turn dialogues in real-world scenarios. To bridge this gap, we introduce MT-Video-Bench, a holistic video understanding benchmark for evaluating MLLMs in multi-turn dialogues. Specifically, our MT-Video-Bench mainly assesses six core competencies that focus on perceptivity and interactivity, encompassing 987 meticulously curated multi-turn dialogues from diverse domains. These capabilities are rigorously aligned with real-world applications, such as interactive sports analysis and multi-turn video-based intelligent tutoring. With MT-Video-Bench, we extensively evaluate various state-of-the-art open-source and closed-source MLLMs, revealing their significant performance discrepancies and limitations in handling multi-turn video dialogues. The benchmark will be publicly available to foster future research.

Zhiwei Liu, Lingfei Qian, Qianqian Xie et al.

Large language models and vision-language models (which we jointly call LMs) have transformed NLP and CV, demonstrating remarkable potential across various fields. However, their capabilities in affective analysis (i.e. sentiment analysis and emotion detection) remain underexplored. This gap is largely due to the absence of comprehensive evaluation benchmarks, and the inherent complexity of affective analysis tasks. In this paper, we introduce MMAFFBen, the first extensive open-source benchmark for multilingual multimodal affective analysis. MMAFFBen encompasses text, image, and video modalities across 35 languages, covering four key affective analysis tasks: sentiment polarity, sentiment intensity, emotion classification, and emotion intensity. Moreover, we construct the MMAFFIn dataset for fine-tuning LMs on affective analysis tasks, and further develop MMAFFLM-3b and MMAFFLM-7b based on it. We evaluate various representative LMs, including GPT-4o-mini, providing a systematic comparison of their affective understanding capabilities. This project is available at https://github.com/lzw108/MMAFFBen.

Zheheng Luo, Chenhan Yuan, Qianqian Xie et al.

Recent advancements in Large Language Models (LLMs) have demonstrated their potential in delivering accurate answers to questions about world knowledge. Despite this, existing benchmarks for evaluating LLMs in healthcare predominantly focus on medical doctors, leaving other critical healthcare professions underrepresented. To fill this research gap, we introduce the Examinations for Medical Personnel in Chinese (EMPEC), a pioneering large-scale healthcare knowledge benchmark in traditional Chinese. EMPEC consists of 157,803 exam questions across 124 subjects and 20 healthcare professions, including underrepresented occupations like Optometrists and Audiologists. Each question is tagged with its release time and source, ensuring relevance and authenticity. We conducted extensive experiments on 17 LLMs, including proprietary, open-source models, general domain models and medical specific models, evaluating their performance under various settings. Our findings reveal that while leading models like GPT-4 achieve over 75\% accuracy, they still struggle with specialized fields and alternative medicine. Surprisingly, general-purpose LLMs outperformed medical-specific models, and incorporating EMPEC's training data significantly enhanced performance. Additionally, the results on questions released after the models' training cutoff date were consistent with overall performance trends, suggesting that the models' performance on the test set can predict their effectiveness in addressing unseen healthcare-related queries. The transition from traditional to simplified Chinese characters had a negligible impact on model performance, indicating robust linguistic versatility. Our study underscores the importance of expanding benchmarks to cover a broader range of healthcare professions to better assess the applicability of LLMs in real-world healthcare scenarios.

Zhiwei Liu, Kailai Yang, Qianqian Xie et al.

Misinformation is prevalent in various fields such as education, politics, health, etc., causing significant harm to society. However, current methods for cross-domain misinformation detection rely on effort- and resource-intensive fine-tuning and complex model structures. With the outstanding performance of LLMs, many studies have employed them for misinformation detection. Unfortunately, they focus on in-domain tasks and do not incorporate significant sentiment and emotion features (which we jointly call {\em affect}). In this paper, we propose RAEmoLLM, the first retrieval augmented (RAG) LLMs framework to address cross-domain misinformation detection using in-context learning based on affective information. RAEmoLLM includes three modules. (1) In the index construction module, we apply an emotional LLM to obtain affective embeddings from all domains to construct a retrieval database. (2) The retrieval module uses the database to recommend top K examples (text-label pairs) from source domain data for target domain contents. (3) These examples are adopted as few-shot demonstrations for the inference module to process the target domain content. The RAEmoLLM can effectively enhance the general performance of LLMs in cross-domain misinformation detection tasks through affect-based retrieval, without fine-tuning. We evaluate our framework on three misinformation benchmarks. Results show that RAEmoLLM achieves significant improvements compared to the other few-shot methods on three datasets, with the highest increases of 15.64%, 31.18%, and 15.73% respectively. This project is available at https://github.com/lzw108/RAEmoLLM.

Zhiwei Liu, Kailai Yang, Tianlin Zhang et al.

Sentiment analysis and emotion detection are important research topics in natural language processing (NLP) and benefit many downstream tasks. With the widespread application of LLMs, researchers have started exploring the application of LLMs based on instruction-tuning in the field of sentiment analysis. However, these models only focus on single aspects of affective classification tasks (e.g. sentimental polarity or categorical emotions), and overlook the regression tasks (e.g. sentiment strength or emotion intensity), which leads to poor performance in downstream tasks. The main reason is the lack of comprehensive affective instruction tuning datasets and evaluation benchmarks, which cover various affective classification and regression tasks. Moreover, although emotional information is useful for downstream tasks, existing downstream datasets lack high-quality and comprehensive affective annotations. In this paper, we propose EmoLLMs, the first series of open-sourced instruction-following LLMs for comprehensive affective analysis based on fine-tuning various LLMs with instruction data, the first multi-task affective analysis instruction dataset (AAID) with 234K data samples based on various classification and regression tasks to support LLM instruction tuning, and a comprehensive affective evaluation benchmark (AEB) with 14 tasks from various sources and domains to test the generalization ability of LLMs. We propose a series of EmoLLMs by fine-tuning LLMs with AAID to solve various affective instruction tasks. We compare our model with a variety of LLMs on AEB, where our models outperform all other open-sourced LLMs, and surpass ChatGPT and GPT-4 in most tasks, which shows that the series of EmoLLMs achieve the ChatGPT-level and GPT-4-level generalization capabilities on affective analysis tasks, and demonstrates our models can be used as affective annotation tools.

Chenhan Yuan, Qianqian Xie, Jimin Huang et al.

Temporal reasoning is a crucial NLP task, providing a nuanced understanding of time-sensitive contexts within textual data. Although recent advancements in LLMs have demonstrated their potential in temporal reasoning, the predominant focus has been on tasks such as temporal expression and temporal relation extraction. These tasks are primarily designed for the extraction of direct and past temporal cues and to engage in simple reasoning processes. A significant gap remains when considering complex reasoning tasks such as event forecasting, which requires multi-step temporal reasoning on events and prediction on the future timestamp. Another notable limitation of existing methods is their incapability to provide an illustration of their reasoning process, hindering explainability. In this paper, we introduce the first task of explainable temporal reasoning, to predict an event's occurrence at a future timestamp based on context which requires multiple reasoning over multiple events, and subsequently provide a clear explanation for their prediction. Our task offers a comprehensive evaluation of both the LLMs' complex temporal reasoning ability, the future event prediction ability, and explainability-a critical attribute for AI applications. To support this task, we present the first multi-source instruction-tuning dataset of explainable temporal reasoning (ExpTime) with 26k derived from the temporal knowledge graph datasets and their temporal reasoning paths, using a novel knowledge-graph-instructed-generation strategy. Based on the dataset, we propose the first open-source LLM series TimeLlaMA based on the foundation LlaMA2, with the ability of instruction following for explainable temporal reasoning. We compare the performance of our method and a variety of LLMs, where our method achieves the state-of-the-art performance of temporal prediction and explanation.

Mengxi Xiao, Qianqian Xie, Ziyan Kuang et al.

Large Language Models (LLMs) can play a vital role in psychotherapy by adeptly handling the crucial task of cognitive reframing and overcoming challenges such as shame, distrust, therapist skill variability, and resource scarcity. Previous LLMs in cognitive reframing mainly converted negative emotions to positive ones, but these approaches have limited efficacy, often not promoting clients' self-discovery of alternative perspectives. In this paper, we unveil the Helping and Empowering through Adaptive Language in Mental Enhancement (HealMe) model. This novel cognitive reframing therapy method effectively addresses deep-rooted negative thoughts and fosters rational, balanced perspectives. Diverging from traditional LLM methods, HealMe employs empathetic dialogue based on psychotherapeutic frameworks. It systematically guides clients through distinguishing circumstances from feelings, brainstorming alternative viewpoints, and developing empathetic, actionable suggestions. Moreover, we adopt the first comprehensive and expertly crafted psychological evaluation metrics, specifically designed to rigorously assess the performance of cognitive reframing, in both AI-simulated dialogues and real-world therapeutic conversations. Experimental results show that our model outperforms others in terms of empathy, guidance, and logical coherence, demonstrating its effectiveness and potential positive impact on psychotherapy.

Kailai Yang, Zhiwei Liu, Qianqian Xie et al.

Recent advancements in large language models (LLMs) focus on aligning to heterogeneous human expectations and values via multi-objective preference alignment. However, existing methods are dependent on the policy model parameters, which require high-cost repetition of their alignment algorithms for each new policy model, and they cannot expand to unseen objectives due to their static alignment objectives. In this work, we propose Meta-Objective Aligner (MetaAligner), the first policy-agnostic and generalizable method for multi-objective preference alignment. MetaAligner models multi-objective alignment into three stages: (1) dynamic objectives reformulation algorithm reorganizes traditional alignment datasets to supervise the model on performing flexible alignment across different objectives; (2) conditional weak-to-strong correction paradigm aligns the weak outputs of fixed policy models to approach strong outputs with higher preferences in the corresponding alignment objectives, enabling plug-and-play inferences on any policy models, which significantly reduces training costs and facilitates alignment on close-source policy models; (3) generalizable inference method flexibly adjusts target objectives by updating their text descriptions in the prompts, facilitating generalizable alignment to unseen objectives. Experimental results show that MetaAligner achieves significant and balanced improvements in multi-objective alignments on 10 state-of-the-art policy models, and saves up to 93.63% of GPU training hours compared to previous alignment methods. The model also effectively aligns unseen objectives, marking the first step towards generalizable multi-objective preference alignment.

Wentao Xu, Qianqian Xie, Shuo Yang et al.

In real-world applications, users express different behaviors when they interact with different items, including implicit click/like interactions, and explicit comments/reviews interactions. Nevertheless, almost all recommender works are focused on how to describe user preferences by the implicit click/like interactions, to find the synergy of people. For the content-based explicit comments/reviews interactions, some works attempt to utilize them to mine the semantic knowledge to enhance recommender models. However, they still neglect the following two points: (1) The content semantic is a universal world knowledge; how do we extract the multi-aspect semantic information to empower different domains? (2) The user/item ID feature is a fundamental element for recommender models; how do we align the ID and content semantic feature space? In this paper, we propose a `plugin' semantic knowledge transferring method \textbf{LoID}, which includes two major components: (1) LoRA-based large language model pretraining to extract multi-aspect semantic information; (2) ID-based contrastive objective to align their feature spaces. We conduct extensive experiments with SOTA baselines on real-world datasets, the detailed results demonstrating significant improvements of our method LoID.

Xiao Zhang, Ruoyu Xiang, Chenhan Yuan et al.

Despite Spanish's pivotal role in the global finance industry, a pronounced gap exists in Spanish financial natural language processing (NLP) and application studies compared to English, especially in the era of large language models (LLMs). To bridge this gap, we unveil Toisón de Oro, the first bilingual framework that establishes instruction datasets, finetuned LLMs, and evaluation benchmark for financial LLMs in Spanish joint with English. We construct a rigorously curated bilingual instruction dataset including over 144K Spanish and English samples from 15 datasets covering 7 tasks. Harnessing this, we introduce FinMA-ES, an LLM designed for bilingual financial applications. We evaluate our model and existing LLMs using FLARE-ES, the first comprehensive bilingual evaluation benchmark with 21 datasets covering 9 tasks. The FLARE-ES benchmark results reveal a significant multilingual performance gap and bias in existing LLMs. FinMA-ES models surpass SOTA LLMs such as GPT-4 in Spanish financial tasks, due to strategic instruction tuning and leveraging data from diverse linguistic resources, highlighting the positive impact of cross-linguistic transfer. All our datasets, models, and benchmarks have been released.

Guojun Xiong, Zhiyang Deng, Keyi Wang et al.

Large language models (LLMs) fine-tuned on multimodal financial data have demonstrated impressive reasoning capabilities in various financial tasks. However, they often struggle with multi-step, goal-oriented scenarios in interactive financial markets, such as trading, where complex agentic approaches are required to improve decision-making. To address this, we propose \textsc{FLAG-Trader}, a unified architecture integrating linguistic processing (via LLMs) with gradient-driven reinforcement learning (RL) policy optimization, in which a partially fine-tuned LLM acts as the policy network, leveraging pre-trained knowledge while adapting to the financial domain through parameter-efficient fine-tuning. Through policy gradient optimization driven by trading rewards, our framework not only enhances LLM performance in trading but also improves results on other financial-domain tasks. We present extensive empirical evidence to validate these enhancements.

Xueqing Peng, Triantafillos Papadopoulos, Efstathia Soufleri et al.

Despite Greece's pivotal role in the global economy, large language models (LLMs) remain underexplored for Greek financial context due to the linguistic complexity of Greek and the scarcity of domain-specific datasets. Previous efforts in multilingual financial natural language processing (NLP) have exposed considerable performance disparities, yet no dedicated Greek financial benchmarks or Greek-specific financial LLMs have been developed until now. To bridge this gap, we introduce Plutus-ben, the first Greek Financial Evaluation Benchmark, and Plutus-8B, the pioneering Greek Financial LLM, fine-tuned with Greek domain-specific data. Plutus-ben addresses five core financial NLP tasks in Greek: numeric and textual named entity recognition, question answering, abstractive summarization, and topic classification, thereby facilitating systematic and reproducible LLM assessments. To underpin these tasks, we present three novel, high-quality Greek financial datasets, thoroughly annotated by expert native Greek speakers, augmented by two existing resources. Our comprehensive evaluation of 22 LLMs on Plutus-ben reveals that Greek financial NLP remains challenging due to linguistic complexity, domain-specific terminology, and financial reasoning gaps. These findings underscore the limitations of cross-lingual transfer, the necessity for financial expertise in Greek-trained models, and the challenges of adapting financial LLMs to Greek text. We release Plutus-ben, Plutus-8B, and all associated datasets publicly to promote reproducible research and advance Greek financial NLP, fostering broader multilingual inclusivity in finance.

Mengxi Xiao, Zihao Jiang, Lingfei Qian et al.

Accurately forecasting stock price movements is critical for informed financial decision-making, supporting applications ranging from algorithmic trading to risk management. However, this task remains challenging due to the difficulty of retrieving subtle yet high-impact patterns from noisy financial time-series data, where conventional retrieval methods, whether based on generic language models or simplistic numeric similarity, often fail to capture the intricate temporal dependencies and context-specific signals essential for precise market prediction. To bridge this gap, we introduce FinSrag, the first retrieval-augmented generation (RAG) framework with a novel domain-specific retriever FinSeer for financial time-series forecasting. FinSeer leverages a candidate selection mechanism refined by LLM feedback and a similarity-driven training objective to align queries with historically influential sequences while filtering out financial noise. Such training enables FinSeer to identify the most relevant time-series data segments for downstream forecasting tasks, unlike embedding or distance-based retrieval methods used in existing RAG frameworks. The retrieved patterns are then fed into StockLLM, a 1B-parameter LLM fine-tuned for stock movement prediction, which serves as the generative backbone. Beyond the retrieval method, we enrich the retrieval corpus by curating new datasets that integrate a broader set of financial indicators, capturing previously overlooked market dynamics. Experiments demonstrate that FinSeer outperforms existing textual retrievers and traditional distance-based retrieval approaches in enhancing the prediction accuracy of StockLLM, underscoring the importance of domain-specific retrieval frameworks in handling the complexity of financial time-series data.

Gang Hu, Ke Qin, Chenhan Yuan et al.

While the progression of Large Language Models (LLMs) has notably propelled financial analysis, their application has largely been confined to singular language realms, leaving untapped the potential of bilingual Chinese-English capacity. To bridge this chasm, we introduce ICE-PIXIU, seamlessly amalgamating the ICE-INTENT model and ICE-FLARE benchmark for bilingual financial analysis. ICE-PIXIU uniquely integrates a spectrum of Chinese tasks, alongside translated and original English datasets, enriching the breadth and depth of bilingual financial modeling. It provides unrestricted access to diverse model variants, a substantial compilation of diverse cross-lingual and multi-modal instruction data, and an evaluation benchmark with expert annotations, comprising 10 NLP tasks, 20 bilingual specific tasks, totaling 95k datasets. Our thorough evaluation emphasizes the advantages of incorporating these bilingual datasets, especially in translation tasks and utilizing original English data, enhancing both linguistic flexibility and analytical acuity in financial contexts. Notably, ICE-INTENT distinguishes itself by showcasing significant enhancements over conventional LLMs and existing financial LLMs in bilingual milieus, underscoring the profound impact of robust bilingual data on the accuracy and efficacy of financial NLP.

Yupeng Cao, Haohang Li, Yangyang Yu et al.

Audio Large Language Models (AudioLLMs) have received widespread attention and have significantly improved performance on audio tasks such as conversation, audio understanding, and automatic speech recognition (ASR). Despite these advancements, there is an absence of a benchmark for assessing AudioLLMs in financial scenarios, where audio data, such as earnings conference calls and CEO speeches, are crucial resources for financial analysis and investment decisions. In this paper, we introduce \textsc{FinAudio}, the first benchmark designed to evaluate the capacity of AudioLLMs in the financial domain. We first define three tasks based on the unique characteristics of the financial domain: 1) ASR for short financial audio, 2) ASR for long financial audio, and 3) summarization of long financial audio. Then, we curate two short and two long audio datasets, respectively, and develop a novel dataset for financial audio summarization, comprising the \textsc{FinAudio} benchmark. Then, we evaluate seven prevalent AudioLLMs on \textsc{FinAudio}. Our evaluation reveals the limitations of existing AudioLLMs in the financial domain and offers insights for improving AudioLLMs. All datasets and codes will be released.

Yuzhe Yang, Yifei Zhang, Yan Hu et al.

This paper introduces the UCFE: User-Centric Financial Expertise benchmark, an innovative framework designed to evaluate the ability of large language models (LLMs) to handle complex real-world financial tasks. UCFE benchmark adopts a hybrid approach that combines human expert evaluations with dynamic, task-specific interactions to simulate the complexities of evolving financial scenarios. Firstly, we conducted a user study involving 804 participants, collecting their feedback on financial tasks. Secondly, based on this feedback, we created our dataset that encompasses a wide range of user intents and interactions. This dataset serves as the foundation for benchmarking 11 LLMs services using the LLM-as-Judge methodology. Our results show a significant alignment between benchmark scores and human preferences, with a Pearson correlation coefficient of 0.78, confirming the effectiveness of the UCFE dataset and our evaluation approach. UCFE benchmark not only reveals the potential of LLMs in the financial domain but also provides a robust framework for assessing their performance and user satisfaction.

Zheheng Luo, Qianqian Xie, Sophia Ananiadou

Automated lay summarisation (LS) aims to simplify complex technical documents into a more accessible format to non-experts. Existing approaches using pre-trained language models, possibly augmented with external background knowledge, tend to struggle with effective simplification and explanation. Moreover, automated methods that can effectively assess the `layness' of generated summaries are lacking. Recently, large language models (LLMs) have demonstrated a remarkable capacity for text simplification, background information generation, and text evaluation. This has motivated our systematic exploration into using LLMs to generate and evaluate lay summaries of biomedical articles. We propose a novel \textit{Explain-then-Summarise} LS framework, which leverages LLMs to generate high-quality background knowledge to improve supervised LS. We also evaluate the performance of LLMs for zero-shot LS and propose two novel LLM-based LS evaluation metrics, which assess layness from multiple perspectives. Finally, we conduct a human assessment of generated lay summaries. Our experiments reveal that LLM-generated background information can support improved supervised LS. Furthermore, our novel zero-shot LS evaluation metric demonstrates a high degree of alignment with human preferences. We conclude that LLMs have an important part to play in improving both the performance and evaluation of LS methods.

Yanlin Song, Ben Liu, Víctor Gutiérrez-Basulto et al.

Knowledge Graph Question Answering aims to answer natural language questions by reasoning over structured knowledge graphs. While large language models have advanced KGQA through their strong reasoning capabilities, existing methods continue to struggle to fully exploit both the rich knowledge encoded in KGs and the reasoning capabilities of LLMs, particularly in complex scenarios. They often assume complete KG coverage and lack mechanisms to judge when external information is needed, and their reasoning remains locally myopic, failing to maintain coherent multi-step planning, leading to reasoning failures even when relevant knowledge exists. We propose Graph-RFT, a novel two-stage reinforcement fine-tuning KGQA framework with a 'plan-KGsearch-and-Websearch-during-think' paradigm, that enables LLMs to perform autonomous planning and adaptive retrieval scheduling across KG and web sources under incomplete knowledge conditions. Graph-RFT introduces a chain-of-thought fine-tuning method with a customized plan-retrieval dataset activates structured reasoning and resolves the GRPO cold-start problem. It then introduces a novel plan-retrieval guided reinforcement learning process integrates explicit planning and retrieval actions with a multi-reward design, enabling coverage-aware retrieval scheduling. It employs a Cartesian-inspired planning module to decompose complex questions into ordered subquestions, and logical expression to guide tool invocation for globally consistent multi-step reasoning. This reasoning retrieval process is optimized with a multi-reward combining outcome and retrieval specific signals, enabling the model to learn when and how to combine KG and web retrieval effectively.

Enze Zhang, Jiaying Wang, Mengxi Xiao et al.

Large language models (LLMs) have substantially advanced machine translation (MT), yet their effectiveness in translating web novels remains unclear. Existing benchmarks rely on surface-level metrics that fail to capture the distinctive traits of this genre. To address these gaps, we introduce DITING, the first comprehensive evaluation framework for web novel translation, assessing narrative and cultural fidelity across six dimensions: idiom translation, lexical ambiguity, terminology localization, tense consistency, zero-pronoun resolution, and cultural safety, supported by over 18K expert-annotated Chinese-English sentence pairs. We further propose AgentEval, a reasoning-driven multi-agent evaluation framework that simulates expert deliberation to assess translation quality beyond lexical overlap, achieving the highest correlation with human judgments among seven tested automatic metrics. To enable metric comparison, we develop MetricAlign, a meta-evaluation dataset of 300 sentence pairs annotated with error labels and scalar quality scores. Comprehensive evaluation of fourteen open, closed, and commercial models reveals that Chinese-trained LLMs surpass larger foreign counterparts, and that DeepSeek-V3 delivers the most faithful and stylistically coherent translations. Our work establishes a new paradigm for exploring LLM-based web novel translation and provides public resources to advance future research.

Anran Li, Lingfei Qian, Mengmeng Du et al.

Large Language Models (LLMs) have demonstrated significant potential in medicine. To date, LLMs have been widely applied to tasks such as diagnostic assistance, medical question answering, and clinical information synthesis. However, a key open question remains: to what extent do LLMs memorize medical training data. In this study, we present the first comprehensive evaluation of memorization of LLMs in medicine, assessing its prevalence (how frequently it occurs), characteristics (what is memorized), volume (how much content is memorized), and potential downstream impacts (how memorization may affect medical applications). We systematically analyze common adaptation scenarios: (1) continued pretraining on medical corpora, (2) fine-tuning on standard medical benchmarks, and (3) fine-tuning on real-world clinical data, including over 13,000 unique inpatient records from Yale New Haven Health System. The results demonstrate that memorization is prevalent across all adaptation scenarios and significantly higher than reported in the general domain. Memorization affects both the development and adoption of LLMs in medicine and can be categorized into three types: beneficial (e.g., accurate recall of clinical guidelines and biomedical references), uninformative (e.g., repeated disclaimers or templated medical document language), and harmful (e.g., regeneration of dataset-specific or sensitive clinical content). Based on these findings, we offer practical recommendations to facilitate beneficial memorization that enhances domain-specific reasoning and factual accuracy, minimize uninformative memorization to promote deeper learning beyond surface-level patterns, and mitigate harmful memorization to prevent the leakage of sensitive or identifiable patient information.

Yan Wang, Yang Ren, Lingfei Qian et al.

Accurately understanding numbers from financial reports is fundamental to how markets, regulators, algorithms, and normal people read the economy and the world, yet even with XBRL (eXtensible Business Reporting Language) designed to tag every figure with standardized accounting concepts, mapping thousands of facts to over 10,000 U.S. GAAP concepts remains costly, inconsistent, and error-prone. Existing benchmarks define tagging as flat, single-step, extreme classification over small subsets of US-GAAP concepts, overlooking both the taxonomy's hierarchical semantics and the structured nature of real tagging, where each fact must be represented as a contextualized multi-field output. These simplifications prevent fair evaluation of large language models (LLMs) under realistic reporting conditions. To address these gaps, we introduce FinTagging, the first comprehensive benchmark for structure-aware and full-scope XBRL tagging, designed to evaluate LLMs' ability to extract and align financial facts through numerical reasoning and taxonomy alignment across text and tables. We define two subtasks: FinNI for numeric identification, which extracts numerical entities and their types from XBRL reports, and FinCL for concept linking, which maps each extracted entity to the corresponding concept in the full US-GAAP taxonomy. Together, these subtasks produce a structured representation of each financial fact. We evaluate diverse LLMs under zero-shot settings and analyze their performance across both subtasks and overall tagging accuracy. Results show that LLMs generalize well in numeric identification but struggle with fine-grained concept linking, revealing current limitations in structure-aware reasoning for accurate financial disclosure. All code and datasets are available on GitHub and Hugging Face.