Towards a Universal Image Degradation Model via Content-Degradation Disentanglement

Image degradation synthesis is highly desirable in a wide variety of applications ranging from image restoration to simulating artistic effects. Existing models are designed to generate one specific or a narrow set of degradations, which often require user-provided degradation parameters. As a result, they lack the generalizability to synthesize degradations beyond their initial design or adapt to other applications. Here we propose the first universal degradation model that can synthesize a broad spectrum of complex and realistic degradations containing both homogeneous (global) and inhomogeneous (spatially varying) components. Our model automatically extracts and disentangles homogeneous and inhomogeneous degradation features, which are later used for degradation synthesis without user intervention. A disentangle-by-compression method is proposed to separate degradation information from images. Two novel modules for extracting and incorporating inhomogeneous degradations are created to model inhomogeneous components in complex degradations. We demonstrate the model's accuracy and adaptability in film-grain simulation and blind image restoration tasks. The demo video, code, and dataset of this project will be released upon publication at github.com/yangwenbo99/content-degradation-disentanglement.

CAMEF: Causal-Augmented Multi-Modality Event-Driven Financial Forecasting by Integrating Time Series Patterns and Salient Macroeconomic Announcements

Accurately forecasting the impact of macroeconomic events is critical for investors and policymakers. Salient events like monetary policy decisions and employment reports often trigger market movements by shaping expectations of economic growth and risk, thereby establishing causal relationships between events and market behavior. Existing forecasting methods typically focus either on textual analysis or time-series modeling, but fail to capture the multi-modal nature of financial markets and the causal relationship between events and price movements. To address these gaps, we propose CAMEF (Causal-Augmented Multi-Modality Event-Driven Financial Forecasting), a multi-modality framework that effectively integrates textual and time-series data with a causal learning mechanism and an LLM-based counterfactual event augmentation technique for causal-enhanced financial forecasting. Our contributions include: (1) a multi-modal framework that captures causal relationships between policy texts and historical price data; (2) a new financial dataset with six types of macroeconomic releases from 2008 to April 2024, and high-frequency real trading data for five key U.S. financial assets; and (3) an LLM-based counterfactual event augmentation strategy. We compare CAMEF to state-of-the-art transformer-based time-series and multi-modal baselines, and perform ablation studies to validate the effectiveness of the causal learning mechanism and event types.