No Language is an Island: Unifying Chinese and English in Financial Large Language Models, Instruction Data, and Benchmarks

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 1,185k 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.

The FinBen: An Holistic Financial Benchmark for Large Language Models

LLMs have transformed NLP and shown promise in various fields, yet their potential in finance is underexplored due to a lack of thorough evaluations and the complexity of financial tasks. This along with the rapid development of LLMs, highlights the urgent need for a systematic financial evaluation benchmark for LLMs. In this paper, we introduce FinBen, the first comprehensive open-sourced evaluation benchmark, specifically designed to thoroughly assess the capabilities of LLMs in the financial domain. FinBen encompasses 35 datasets across 23 financial tasks, organized into three spectrums of difficulty inspired by the Cattell-Horn-Carroll theory, to evaluate LLMs' cognitive abilities in inductive reasoning, associative memory, quantitative reasoning, crystallized intelligence, and more. Our evaluation of 15 representative LLMs, including GPT-4, ChatGPT, and the latest Gemini, reveals insights into their strengths and limitations within the financial domain. The findings indicate that GPT-4 leads in quantification, extraction, numerical reasoning, and stock trading, while Gemini shines in generation and forecasting; however, both struggle with complex extraction and forecasting, showing a clear need for targeted enhancements. Instruction tuning boosts simple task performance but falls short in improving complex reasoning and forecasting abilities. FinBen seeks to continuously evaluate LLMs in finance, fostering AI development with regular updates of tasks and models.

Dólares or Dollars? Unraveling the Bilingual Prowess of Financial LLMs Between Spanish and English

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 Tois\'on 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.

Back to the Future: Towards Explainable Temporal Reasoning with Large Language Models

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.

GradXKG: A Universal Explain-per-use Temporal Knowledge Graph Explainer

Temporal knowledge graphs (TKGs) have shown promise for reasoning tasks by incorporating a temporal dimension to represent how facts evolve over time. However, existing TKG reasoning (TKGR) models lack explainability due to their black-box nature. Recent work has attempted to address this through customized model architectures that generate reasoning paths, but these recent approaches have limited generalizability and provide sparse explanatory output. To enable interpretability for most TKGR models, we propose GradXKG, a novel two-stage gradient-based approach for explaining Relational Graph Convolution Network (RGCN)-based TKGR models. First, a Grad-CAM-inspired RGCN explainer tracks gradients to quantify each node's contribution across timesteps in an efficient "explain-per-use" fashion. Second, an integrated gradients explainer consolidates importance scores for RGCN outputs, extending compatibility across diverse TKGR architectures based on RGCN. Together, the two explainers highlight the most critical nodes at each timestep for a given prediction. Our extensive experiments demonstrated that, by leveraging gradient information, GradXKG provides insightful explanations grounded in the model's logic in a timely manner for most RGCN-based TKGR models. This helps address the lack of interpretability in existing TKGR models and provides a universal explanation approach applicable across various models.

Zero-shot Temporal Relation Extraction with ChatGPT

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.

Reinforcement Learning-based N-ary Cross-Sentence Relation Extraction

The models of n-ary cross sentence relation extraction based on distant supervision assume that consecutive sentences mentioning n entities describe the relation of these n entities. However, on one hand, this assumption introduces noisy labeled data and harms the models' performance. On the other hand, some non-consecutive sentences also describe one relation and these sentences cannot be labeled under this assumption. In this paper, we relax this strong assumption by a weaker distant supervision assumption to address the second issue and propose a novel sentence distribution estimator model to address the first problem. This estimator selects correctly labeled sentences to alleviate the effect of noisy data is a two-level agent reinforcement learning model. In addition, a novel universal relation extractor with a hybrid approach of attention mechanism and PCNN is proposed such that it can be deployed in any tasks, including consecutive and nonconsecutive sentences. Experiments demonstrate that the proposed model can reduce the impact of noisy data and achieve better performance on general n-ary cross sentence relation extraction task compared to baseline models.

Clustering-based Unsupervised Generative Relation Extraction

This paper focuses on the problem of unsupervised relation extraction. Existing probabilistic generative model-based relation extraction methods work by extracting sentence features and using these features as inputs to train a generative model. This model is then used to cluster similar relations. However, these methods do not consider correlations between sentences with the same entity pair during training, which can negatively impact model performance. To address this issue, we propose a Clustering-based Unsupervised generative Relation Extraction (CURE) framework that leverages an "Encoder-Decoder" architecture to perform self-supervised learning so the encoder can extract relation information. Given multiple sentences with the same entity pair as inputs, self-supervised learning is deployed by predicting the shortest path between entity pairs on the dependency graph of one of the sentences. After that, we extract the relation information using the well-trained encoder. Then, entity pairs that share the same relation are clustered based on their corresponding relation information. Each cluster is labeled with a few words based on the words in the shortest paths corresponding to the entity pairs in each cluster. These cluster labels also describe the meaning of these relation clusters. We compare the triplets extracted by our proposed framework (CURE) and baseline methods with a ground-truth Knowledge Base. Experimental results show that our model performs better than state-of-the-art models on both New York Times (NYT) and United Nations Parallel Corpus (UNPC) standard datasets.

Efficient text generation of user-defined topic using generative adversarial networks

This study focused on efficient text generation using generative adversarial networks (GAN). Assuming that the goal is to generate a paragraph of a user-defined topic and sentimental tendency, conventionally the whole network has to be re-trained to obtain new results each time when a user changes the topic. This would be time-consuming and impractical. Therefore, we propose a User-Defined GAN (UD-GAN) with two-level discriminators to solve this problem. The first discriminator aims to guide the generator to learn paragraph-level information and sentence syntactic structure, which is constructed by multiple-LSTMs. The second one copes with higher-level information, such as the user-defined sentiment and topic for text generation. The cosine similarity based on TF-IDF and length penalty are adopted to determine the relevance of the topic. Then, the second discriminator is re-trained with the generator if the topic or sentiment for text generation is modified. The system evaluations are conducted to compare the performance of the proposed method with other GAN-based ones. The objective results showed that the proposed method is capable of generating texts with less time than others and the generated text is related to the user-defined topic and sentiment. We will further investigate the possibility of incorporating more detailed paragraph information such as semantics into text generation to enhance the result.

Personalized sentence generation using generative adversarial networks with author-specific word usage

The author-specific word usage is a vital feature to let readers perceive the writing style of the author. In this work, a personalized sentence generation method based on generative adversarial networks (GANs) is proposed to cope with this issue. The frequently used function word and content word are incorporated not only as the input features but also as the sentence structure constraint for the GAN training. For the sentence generation with the related topics decided by the user, the Named Entity Recognition (NER) information of the input words is also used in the network training. We compared the proposed method with the GAN-based sentence generation methods, and the experimental results showed that the generated sentences using our method are more similar to the original sentences of the same author based on the objective evaluation such as BLEU and SimHash score.