The Sound of Risk: A Multimodal Physics-Informed Acoustic Model for Forecasting Market Volatility and Enhancing Market Interpretability

Information asymmetry in financial markets, often amplified by strategically crafted corporate narratives, undermines the effectiveness of conventional textual analysis. We propose a novel multimodal framework for financial risk assessment that integrates textual sentiment with paralinguistic cues derived from executive vocal tract dynamics in earnings calls. Central to this framework is the Physics-Informed Acoustic Model (PIAM), which applies nonlinear acoustics to robustly extract emotional signatures from raw teleconference sound subject to distortions such as signal clipping. Both acoustic and textual emotional states are projected onto an interpretable three-dimensional Affective State Label (ASL) space-Tension, Stability, and Arousal. Using a dataset of 1,795 earnings calls (approximately 1,800 hours), we construct features capturing dynamic shifts in executive affect between scripted presentation and spontaneous Q&A exchanges. Our key finding reveals a pronounced divergence in predictive capacity: while multimodal features do not forecast directional stock returns, they explain up to 43.8% of the out-of-sample variance in 30-day realized volatility. Importantly, volatility predictions are strongly driven by emotional dynamics during executive transitions from scripted to spontaneous speech, particularly reduced textual stability and heightened acoustic instability from CFOs, and significant arousal variability from CEOs. An ablation study confirms that our multimodal approach substantially outperforms a financials-only baseline, underscoring the complementary contributions of acoustic and textual modalities. By decoding latent markers of uncertainty from verifiable biometric signals, our methodology provides investors and regulators a powerful tool for enhancing market interpretability and identifying hidden corporate uncertainty.

A Synergistic Framework of Nonlinear Acoustic Computing and Reinforcement Learning for Real-World Human-Robot Interaction

This paper introduces a novel framework integrating nonlinear acoustic computing and reinforcement learning to enhance advanced human-robot interaction under complex noise and reverberation. Leveraging physically informed wave equations (e.g., Westervelt, KZK), the approach captures higher-order phenomena such as harmonic generation and shock formation. By embedding these models in a reinforcement learning-driven control loop, the system adaptively optimizes key parameters (e.g., absorption, beamforming) to mitigate multipath interference and non-stationary noise. Experimental evaluations-covering far-field localization, weak signal detection, and multilingual speech recognition-demonstrate that this hybrid strategy surpasses traditional linear methods and purely data-driven baselines, achieving superior noise suppression, minimal latency, and robust accuracy in demanding real-world scenarios. The proposed system demonstrates broad application prospects in AI hardware, robot, machine audition, artificial audition, and brain-machine interfaces.