Budget-Xfer: Budget-Constrained Source Language Selection for Cross-Lingual Transfer to African Languages

Cross-lingual transfer learning enables NLP for low-resource languages by leveraging labeled data from higher-resource sources, yet existing comparisons of source language selection strategies do not control for total training data, confounding language selection effects with data quantity effects. We introduce Budget-Xfer, a framework that formulates multi-source cross-lingual transfer as a budget-constrained resource allocation problem. Given a fixed annotation budget B, our framework jointly optimizes which source languages to include and how much data to allocate from each. We evaluate four allocation strategies across named entity recognition and sentiment analysis for three African target languages (Hausa, Yoruba, Swahili) using two multilingual models, conducting 288 experiments. Our results show that (1) multi-source transfer significantly outperforms single-source transfer (Cohen's d = 0.80 to 1.98), driven by a structural budget underutilization bottleneck; (2) among multi-source strategies, differences are modest and non-significant; and (3) the value of embedding similarity as a selection proxy is task-dependent, with random selection outperforming similarity-based selection for NER but not sentiment analysis.

Beyond Correlation: Refutation-Validated Aspect-Based Sentiment Analysis for Explainable Energy Market Returns

This paper proposes a refutation-validated framework for aspect-based sentiment analysis in financial markets, addressing the limitations of correlational studies that cannot distinguish genuine associations from spurious ones. Using X data for the energy sector, we test whether aspect-level sentiment signals show robust, refutation-validated relationships with equity returns. Our pipeline combines net-ratio scoring with z-normalization, OLS with Newey West HAC errors, and refutation tests including placebo, random common cause, subset stability, and bootstrap. Across six energy tickers, only a few associations survive all checks, while renewables show aspect and horizon specific responses. While not establishing causality, the framework provides statistically robust, directionally interpretable signals, with limited sample size (six stocks, one quarter) constraining generalizability and framing this work as a methodological proof of concept.

LLMs for Qualitative Data Analysis Fail on Security-specificComments in Human Experiments

[Background:] Thematic analysis of free-text justifications in human experiments provides significant qualitative insights. Yet, it is costly because reliable annotations require multiple domain experts. Large language models (LLMs) seem ideal candidates to replace human annotators. [Problem:] Coding security-specific aspects (code identifiers mentioned, lines-of-code mentioned, security keywords mentioned) may require deeper contextual understanding than sentiment classification. [Objective:] Explore whether LLMs can act as automated annotators for technical security comments by human subjects. [Method:] We prompt four top-performing LLMs on LiveBench to detect nine security-relevant codes in free-text comments by human subjects analyzing vulnerable code snippets. Outputs are compared to human annotators using Cohen's Kappa (chance-corrected accuracy). We test different prompts mimicking annotation best practices, including emerging codes, detailed codebooks with examples, and conflicting examples. [Negative Results:] We observed marked improvements only when using detailed code descriptions; however, these improvements are not uniform across codes and are insufficient to reliably replace a human annotator. [Limitations:] Additional studies with more LLMs and annotation tasks are needed.

IndoBERT-Relevancy: A Context-Conditioned Relevancy Classifier for Indonesian Text

Determining whether a piece of text is relevant to a given topic is a fundamental task in natural language processing, yet it remains largely unexplored for Bahasa Indonesia. Unlike sentiment analysis or named entity recognition, relevancy classification requires the model to reason about the relationship between two inputs simultaneously: a topical context and a candidate text. We introduce IndoBERT-Relevancy, a context-conditioned relevancy classifier built on IndoBERT Large (335M parameters) and trained on a novel dataset of 31,360 labeled pairs spanning 188 topics. Through an iterative, failure-driven data construction process, we demonstrate that no single data source is sufficient for robust relevancy classification, and that targeted synthetic data can effectively address specific model weaknesses. Our final model achieves an F1 score of 0.948 and an accuracy of 96.5%, handling both formal and informal Indonesian text. The model is publicly available at HuggingFace.

Approaches to Analysing Historical Newspapers Using LLMs

This study presents a computational analysis of the Slovene historical newspapers \textit{Slovenec} and \textit{Slovenski narod} from the sPeriodika corpus, combining topic modelling, large language model (LLM)-based aspect-level sentiment analysis, entity-graph visualisation, and qualitative discourse analysis to examine how collective identities, political orientations, and national belonging were represented in public discourse at the turn of the twentieth century. Using BERTopic, we identify major thematic patterns and show both shared concerns and clear ideological differences between the two newspapers, reflecting their conservative-Catholic and liberal-progressive orientations. We further evaluate four instruction-following LLMs for targeted sentiment classification in OCR-degraded historical Slovene and select the Slovene-adapted GaMS3-12B-Instruct model as the most suitable for large-scale application, while also documenting important limitations, particularly its stronger performance on neutral sentiment than on positive or negative sentiment. Applied at dataset scale, the model reveals meaningful variation in the portrayal of collective identities, with some groups appearing predominantly in neutral descriptive contexts and others more often in evaluative or conflict-related discourse. We then create NER graphs to explore the relationships between collective identities and places. We apply a mixed methods approach to analyse the named entity graphs, combining quantitative network analysis with critical discourse analysis. The investigation focuses on the emergence and development of intertwined historical political and socionomic identities. Overall, the study demonstrates the value of combining scalable computational methods with critical interpretation to support digital humanities research on noisy historical newspaper data.

NDT: Non-Differential Transformer and Its Application to Sentiment Analysis

From customer feedback to social media, understanding human sentiment in text is central to how machines can interact meaningfully with people. However, despite notable progress, accurately capturing sentiment remains a challenging task, which continues to motivate further research in this area. To this end, we introduce Non-Differential Transformer (NDT). It is inspired by (but in contrast to) the state-of-the-art Differential Transformer (DT) model. While standard Transformers can struggle with irrelevant context, the sota DT model uses attention map subtraction, potentially for noise cancellation. We explore an alternative motivation, hypothesizing that benefits may arise from enabling different attention components to specialize on distinct concepts within the text, similar to multiplexing information channels or mixture models, rather than primarily canceling noise via subtraction. Guided by this concept-multiplexing (ConPlex) view, the specific architecture presented in this paper employs a purely additive strategy. It uses only positive weights, learned during training, to ensure constructive combination of these specialized attention perspectives. This design choice explores positive only integration, though our broader framework also shows promise with less constrained linear combinations involving both positive and negative weights. Our model computes attention via this positively weighted sum of multiple distinct attention maps. This allows the model to constructively integrate diverse signals and potentially capture more complex contextual relationships. Competitive performance is achieved by the proposed model for Sentiment Analysis while tested on multiple datasets. We conclude by presenting our results, challenges and future research agenda in this important area of research.

SpectralLoRA: Is Low-Frequency Structure Sufficient for LoRA Adaptation? A Spectral Analysis of Weight Updates

We present a systematic empirical study of the spectral structure of LoRA weight updates. Through 2D Discrete Cosine Transform (DCT) analysis of trained adaptation matrices across BERT-base and RoBERTa-base on four GLUE benchmarks (SST-2, MNLI, CoLA, QQP), we establish that LoRA updates are universally dominated by low-frequency components: on average, just 33% of DCT coefficients capture 90% of total spectral energy. Retaining only 10% of frequency coefficients reduces adapter storage by 10x while sacrificing only 1.95pp on SST-2. Notably, frequency masking at k=50% improves over full LoRA on 3 of 8 model-task pairs, suggesting high-frequency components act as adaptation noise. We further discover that RoBERTa-base is systematically more spectrally compressible than BERT-base across all tasks, and that task complexity governs spectral sensitivity -- NLI tasks require more frequency budget than sentiment classification. These findings motivate a new design principle for PEFT: spectral sparsity in adaptation.

AffectSpeech: A Large-Scale Emotional Speech Dataset with Fine-Grained Textual Descriptions for Speech Emotion Captioning and Synthesis

Emotion is essential in spoken communication, yet most existing frameworks in speech emotion modeling rely on predefined categories or low-dimensional continuous attributes, which offer limited expressive capacity. Recent advances in speech emotion captioning and synthesis have shown that textual descriptions provide a more flexible and interpretable alternative for representing affective characteristics in speech. However, progress in this direction is hindered by the lack of an emotional speech dataset aligned with reliable and fine-grained natural language annotations. To tackle this, we introduce AffectSpeech, a large-scale corpus of human-recorded speech enriched with structured descriptions for fine-grained emotion analysis and generation. Each utterance is characterized across six complementary dimensions, including sentiment polarity, open-vocabulary emotion captions, intensity level, prosodic attributes, prominent segments, and semantic content, enabling multi-granular modeling of vocal expression. To balance annotation quality and scalability, we adopt a human-LLM collaborative annotation pipeline that integrates algorithmic pre-labeling, multi-LLM description generation, and human-in-the-loop verification. Furthermore, these annotations are reformulated into diverse descriptive styles to enhance linguistic diversity and reduce stylistic bias in downstream modeling. Experimental results on speech emotion captioning and synthesis demonstrate that models trained on AffectSpeech consistently achieve superior performance across multiple evaluation settings.

Designing Agentic AI-Based Screening for Portfolio Investment

We introduce a new agentic artificial intelligence (AI) platform for portfolio management. Our architecture consists of three layers. First, two large language model (LLM) agents are assigned specialized tasks: one agent screens for firms with desirable fundamentals, while a sentiment analysis agent screens for firms with desirable news. Second, these agents deliberate to generate and agree upon buy and sell signals from a large portfolio, substantially narrowing the pool of candidate assets. Finally, we apply a high-dimensional precision matrix estimation procedure to determine optimal portfolio weights. A defining theoretical feature of our framework is that the number of assets in the portfolio is itself a random variable, realized through the screening process. We introduce the concept of sensible screening and establish that, under mild screening errors, the squared Sharpe ratio of the screened portfolio consistently estimates its target. Empirically, our method achieves superior Sharpe ratios relative to an unscreened baseline portfolio and to conventional screening approaches, evaluated on S&P 500 data over the period 2020--2024.

Digital Skin, Digital Bias: Uncovering Tone-Based Biases in LLMs and Emoji Embeddings

Skin-toned emojis are crucial for fostering personal identity and social inclusion in online communication. As AI models, particularly Large Language Models (LLMs), increasingly mediate interactions on web platforms, the risk that these systems perpetuate societal biases through their representation of such symbols is a significant concern. This paper presents the first large-scale comparative study of bias in skin-toned emoji representations across two distinct model classes. We systematically evaluate dedicated emoji embedding models (emoji2vec, emoji-sw2v) against four modern LLMs (Llama, Gemma, Qwen, and Mistral). Our analysis first reveals a critical performance gap: while LLMs demonstrate robust support for skin tone modifiers, widely-used specialized emoji models exhibit severe deficiencies. More importantly, a multi-faceted investigation into semantic consistency, representational similarity, sentiment polarity, and core biases uncovers systemic disparities. We find evidence of skewed sentiment and inconsistent meanings associated with emojis across different skin tones, highlighting latent biases within these foundational models. Our findings underscore the urgent need for developers and platforms to audit and mitigate these representational harms, ensuring that AI's role on the web promotes genuine equity rather than reinforcing societal biases.