The AI Revolution: Opportunities and Challenges for the Finance Sector

This report examines Artificial Intelligence (AI) in the financial sector, outlining its potential to revolutionise the industry and identify its challenges. It underscores the criticality of a well-rounded understanding of AI, its capabilities, and its implications to effectively leverage its potential while mitigating associated risks. The potential of AI potential extends from augmenting existing operations to paving the way for novel applications in the finance sector. The application of AI in the financial sector is transforming the industry. Its use spans areas from customer service enhancements, fraud detection, and risk management to credit assessments and high-frequency trading. However, along with these benefits, AI also presents several challenges. These include issues related to transparency, interpretability, fairness, accountability, and trustworthiness. The use of AI in the financial sector further raises critical questions about data privacy and security. A further issue identified in this report is the systemic risk that AI can introduce to the financial sector. Being prone to errors, AI can exacerbate existing systemic risks, potentially leading to financial crises. Regulation is crucial to harnessing the benefits of AI while mitigating its potential risks. Despite the global recognition of this need, there remains a lack of clear guidelines or legislation for AI use in finance. This report discusses key principles that could guide the formation of effective AI regulation in the financial sector, including the need for a risk-based approach, the inclusion of ethical considerations, and the importance of maintaining a balance between innovation and consumer protection. The report provides recommendations for academia, the finance industry, and regulators.

UniDoc: A Universal Large Multimodal Model for Simultaneous Text Detection, Recognition, Spotting and Understanding

In the era of Large Language Models (LLMs), tremendous strides have been made in the field of multimodal understanding. However, existing advanced algorithms are limited to effectively utilizing the immense representation capabilities and rich world knowledge inherent to these large pre-trained models, and the beneficial connections among tasks within the context of text-rich scenarios have not been sufficiently explored. In this work, we introduce UniDoc, a novel multimodal model equipped with text detection and recognition capabilities, which are deficient in existing approaches. Moreover, UniDoc capitalizes on the beneficial interactions among tasks to enhance the performance of each individual task. To implement UniDoc, we perform unified multimodal instruct tuning on the contributed large-scale instruction following datasets. Quantitative and qualitative experimental results show that UniDoc sets state-of-the-art scores across multiple challenging benchmarks. To the best of our knowledge, this is the first large multimodal model capable of simultaneous text detection, recognition, spotting, and understanding.

A Static Evaluation of Code Completion by Large Language Models

Large language models trained on code have shown great potential to increase productivity of software developers. Several execution-based benchmarks have been proposed to evaluate functional correctness of model-generated code on simple programming problems. Nevertheless, it is expensive to perform the same evaluation on complex real-world projects considering the execution cost. On the contrary, static analysis tools such as linters, which can detect errors without running the program, haven't been well explored for evaluating code generation models. In this work, we propose a static evaluation framework to quantify static errors in Python code completions, by leveraging Abstract Syntax Trees. Compared with execution-based evaluation, our method is not only more efficient, but also applicable to code in the wild. For experiments, we collect code context from open source repos to generate one million function bodies using public models. Our static analysis reveals that Undefined Name and Unused Variable are the most common errors among others made by language models. Through extensive studies, we also show the impact of sampling temperature, model size, and context on static errors in code completions.

Energy-Latency Attacks to On-Device Neural Networks via Sponge Poisoning

In recent years, on-device deep learning has gained attention as a means of developing affordable deep learning applications for mobile devices. However, on-device models are constrained by limited energy and computation resources. In the mean time, a poisoning attack known as sponge poisoning has been developed.This attack involves feeding the model with poisoned examples to increase the energy consumption during inference. As previous work is focusing on server hardware accelerators, in this work, we extend the sponge poisoning attack to an on-device scenario to evaluate the vulnerability of mobile device processors. We present an on-device sponge poisoning attack pipeline to simulate the streaming and consistent inference scenario to bridge the knowledge gap in the on-device setting. Our exclusive experimental analysis with processors and on-device networks shows that sponge poisoning attacks can effectively pollute the modern processor with its built-in accelerator. We analyze the impact of different factors in the sponge poisoning algorithm and highlight the need for improved defense mechanisms to prevent such attacks on on-device deep learning applications.

Greener yet Powerful: Taming Large Code Generation Models with Quantization

ML-powered code generation aims to assist developers to write code in a more productive manner, by intelligently generating code blocks based on natural language prompts. Recently, large pretrained deep learning models have substantially pushed the boundary of code generation and achieved impressive performance. Despite their great power, the huge number of model parameters poses a significant threat to adapting them in a regular software development environment, where a developer might use a standard laptop or mid-size server to develop her code. Such large models incur significant resource usage (in terms of memory, latency, and dollars) as well as carbon footprint. Model compression is a promising approach to address these challenges. Several techniques are proposed to compress large pretrained models typically used for vision or textual data. Out of many available compression techniques, we identified that quantization is mostly applicable for code generation task as it does not require significant retraining cost. As quantization represents model parameters with lower-bit integer (e.g., int8), the model size and runtime latency would both benefit from such int representation. We extensively study the impact of quantized model on code generation tasks across different dimension: (i) resource usage and carbon footprint, (ii) accuracy, and (iii) robustness. To this end, through systematic experiments we find a recipe of quantization technique that could run even a $6$B model in a regular laptop without significant accuracy or robustness degradation. We further found the recipe is readily applicable to code summarization task as well.

Robust, High-Precision GNSS Carrier-Phase Positioning with Visual-Inertial Fusion

Robust, high-precision global localization is fundamental to a wide range of outdoor robotics applications. Conventional fusion methods use low-accuracy pseudorange based GNSS measurements ($>>5m$ errors) and can only yield a coarse registration to the global earth-centered-earth-fixed (ECEF) frame. In this paper, we leverage high-precision GNSS carrier-phase positioning and aid it with local visual-inertial odometry (VIO) tracking using an extended Kalman filter (EKF) framework that better resolves the integer ambiguity concerned with GNSS carrier-phase. %to achieve centimeter-level accuracy in the ECEF frame. We also propose an algorithm for accurate GNSS-antenna-to-IMU extrinsics calibration to accurately align VIO to the ECEF frame. Together, our system achieves robust global positioning demonstrated by real-world hardware experiments in severely occluded urban canyons, and outperforms the state-of-the-art RTKLIB by a significant margin in terms of integer ambiguity solution fix rate and positioning RMSE accuracy.

Exploring Active 3D Object Detection from a Generalization Perspective

To alleviate the high annotation cost in LiDAR-based 3D object detection, active learning is a promising solution that learns to select only a small portion of unlabeled data to annotate, without compromising model performance. Our empirical study, however, suggests that mainstream uncertainty-based and diversity-based active learning policies are not effective when applied in the 3D detection task, as they fail to balance the trade-off between point cloud informativeness and box-level annotation costs. To overcome this limitation, we jointly investigate three novel criteria in our framework Crb for point cloud acquisition - label conciseness}, feature representativeness and geometric balance, which hierarchically filters out the point clouds of redundant 3D bounding box labels, latent features and geometric characteristics (e.g., point cloud density) from the unlabeled sample pool and greedily selects informative ones with fewer objects to annotate. Our theoretical analysis demonstrates that the proposed criteria align the marginal distributions of the selected subset and the prior distributions of the unseen test set, and minimizes the upper bound of the generalization error. To validate the effectiveness and applicability of \textsc{Crb}, we conduct extensive experiments on the two benchmark 3D object detection datasets of KITTI and Waymo and examine both one-stage (\textit{i.e.}, \textsc{Second}) and two-stage 3D detectors (i.e., Pv-rcnn). Experiments evidence that the proposed approach outperforms existing active learning strategies and achieves fully supervised performance requiring $1\%$ and $8\%$ annotations of bounding boxes and point clouds, respectively. Source code: https://github.com/Luoyadan/CRB-active-3Ddet.

ReCode: Robustness Evaluation of Code Generation Models

Code generation models have achieved impressive performance. However, they tend to be brittle as slight edits to a prompt could lead to very different generations; these robustness properties, critical for user experience when deployed in real-life applications, are not well understood. Most existing works on robustness in text or code tasks have focused on classification, while robustness in generation tasks is an uncharted area and to date there is no comprehensive benchmark for robustness in code generation. In this paper, we propose ReCode, a comprehensive robustness evaluation benchmark for code generation models. We customize over 30 transformations specifically for code on docstrings, function and variable names, code syntax, and code format. They are carefully designed to be natural in real-life coding practice, preserve the original semantic meaning, and thus provide multifaceted assessments of a model's robustness performance. With human annotators, we verified that over 90% of the perturbed prompts do not alter the semantic meaning of the original prompt. In addition, we define robustness metrics for code generation models considering the worst-case behavior under each type of perturbation, taking advantage of the fact that executing the generated code can serve as objective evaluation. We demonstrate ReCode on SOTA models using HumanEval, MBPP, as well as function completion tasks derived from them. Interesting observations include: better robustness for CodeGen over InCoder and GPT-J; models are most sensitive to syntax perturbations; more challenging robustness evaluation on MBPP over HumanEval.

CoCoMIC: Code Completion By Jointly Modeling In-file and Cross-file Context

While pre-trained language models (LM) for code have achieved great success in code completion, they generate code conditioned only on the contents within the file, i.e., in-file context, but ignore the rich semantics in other files within the same project, i.e., cross-file context, a critical source of information that is especially useful in modern modular software development. Such overlooking constrains code language models' capacity in code completion, leading to unexpected behaviors such as generating hallucinated class member functions or function calls with unexpected arguments. In this work, we develop a cross-file context finder tool, CCFINDER, that effectively locates and retrieves the most relevant cross-file context. We propose CoCoMIC, a framework that incorporates cross-file context to learn the in-file and cross-file context jointly on top of pretrained code LMs. CoCoMIC successfully improves the existing code LM with a 19.30% relative increase in exact match and a 15.41% relative increase in identifier matching for code completion when the cross-file context is provided.

Multi-lingual Evaluation of Code Generation Models

We present MBXP, an execution-based code completion benchmark in 10+ programming languages. This collection of datasets is generated by our conversion framework that translates prompts and test cases from the original MBPP dataset to the corresponding data in a target language. Based on this benchmark, we are able to evaluate code generation models in a multi-lingual fashion, and in particular discover generalization ability of language models on out-of-domain languages, advantages of large multi-lingual models over mono-lingual, benefits of few-shot prompting, and zero-shot translation abilities. In addition, we use our code generation model to perform large-scale bootstrapping to obtain synthetic canonical solutions in several languages. These solutions can be used for other code-related evaluations such as insertion-based, summarization, or code translation tasks where we demonstrate results and release as part of our benchmark.