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Recent advances in large language models (LLMs) have opened new possibilities for artificial intelligence applications in finance. In this paper, we provide a practical survey focused on two key aspects of utilizing LLMs for financial…

General Finance · Quantitative Finance 2024-07-10 Yinheng Li , Shaofei Wang , Han Ding , Hang Chen

Increasingly powerful Large Language Model (LLM) based chatbots, like ChatGPT and Bard, are becoming available to users that have the potential to revolutionize the quality of decision-making achieved by the public. In this context, we set…

Computation and Language · Computer Science 2023-07-17 Kausik Lakkaraju , Sai Krishna Revanth Vuruma , Vishal Pallagani , Bharath Muppasani , Biplav Srivastava

In recent years, Large Language Models (LLMs) like ChatGPT have seen considerable advancements and have been applied in diverse fields. Built on the Transformer architecture, these models are trained on extensive datasets, enabling them to…

In this paper, we explore how large language models (LLMs) approach financial decision-making by systematically comparing their responses to those of human participants across the globe. We posed a set of commonly used financial…

General Economics · Economics 2025-07-16 Orhan Erdem , Ragavi Pobbathi Ashok

Large Language Models (LLMs) have shown remarkable capabilities across a wide variety of Natural Language Processing (NLP) tasks and have attracted attention from multiple domains, including financial services. Despite the extensive…

Computation and Language · Computer Science 2025-01-14 Jean Lee , Nicholas Stevens , Soyeon Caren Han , Minseok Song

Artificial Intelligence (AI) is taking on increasingly autonomous roles, e.g., browsing the web as a research assistant and managing money. But specifying goals and restrictions for AI behavior is difficult. Similar to how parties to a…

Computation and Language · Computer Science 2023-01-31 John J. Nay

Artificial Intelligence (AI) technology has emerged as a transformative force in financial analysis and the finance industry, though significant questions remain about the full capabilities of Large Language Model (LLM) agents in this…

Computational Engineering, Finance, and Science · Computer Science 2025-08-05 Antoine Bigeard , Langston Nashold , Rayan Krishnan , Shirley Wu

Large language models (LLMs) have recently become a popular topic in the field of Artificial Intelligence (AI) research, with companies such as Google, Amazon, Facebook, Amazon, Tesla, and Apple (GAFA) investing heavily in their…

Artificial Intelligence · Computer Science 2023-05-11 Frank Joublin , Antonello Ceravola , Joerg Deigmoeller , Michael Gienger , Mathias Franzius , Julian Eggert

Large Language Models (LLMs) are transforming artificial intelligence, enabling autonomous agents to perform diverse tasks across various domains. These agents, proficient in human-like text comprehension and generation, have the potential…

Artificial Intelligence · Computer Science 2024-04-10 Saikat Barua

Large Language Models (LLMs) have emerged as transformative tools in artificial intelligence (AI), exhibiting remarkable capabilities across diverse tasks such as text generation, reasoning, and decision-making. While their success has…

Large language models (LLMs) are increasingly employed for decision-support across multiple domains. We investigate whether these models display a systematic preferential bias in favor of artificial intelligence (AI) itself. Across three…

Computation and Language · Computer Science 2026-01-21 Benaya Trabelsi , Jonathan Shaki , Sarit Kraus

The global mental health crisis is looming with a rapid increase in mental disorders, limited resources, and the social stigma of seeking treatment. As the field of artificial intelligence (AI) has witnessed significant advancements in…

Computation and Language · Computer Science 2023-11-27 Neo Christopher Chung , George Dyer , Lennart Brocki

Cutting-edge Artificial Intelligence (AI) techniques keep reshaping our view of the world. For example, Large Language Models (LLMs) based applications such as ChatGPT have shown the capability of generating human-like conversation on…

The advent of artificial intelligence (AI) has significantly impacted the traditional judicial industry. Moreover, recently, with the development of AI-generated content (AIGC), AI and law have found applications in various domains,…

Computation and Language · Computer Science 2023-12-08 Jinqi Lai , Wensheng Gan , Jiayang Wu , Zhenlian Qi , Philip S. Yu

Recent advances in large language models (LLMs) have unlocked novel opportunities for machine learning applications in the financial domain. These models have demonstrated remarkable capabilities in understanding context, processing vast…

General Finance · Quantitative Finance 2024-06-19 Yuqi Nie , Yaxuan Kong , Xiaowen Dong , John M. Mulvey , H. Vincent Poor , Qingsong Wen , Stefan Zohren

The rapid emergence of large language models (LLMs) has raised urgent questions across the modern workforce about this new technology's strengths, weaknesses, and capabilities. For privacy professionals, the question is whether these AI…

Computers and Society · Computer Science 2025-08-13 Zane Witherspoon , Thet Mon Aye , YingYing Hao

Large language model-based agents are becoming increasingly popular as a low-cost mechanism to provide personalized, conversational advice, and have demonstrated impressive capabilities in relatively simple scenarios, such as movie…

Artificial Intelligence · Computer Science 2025-04-16 Takehiro Takayanagi , Kiyoshi Izumi , Javier Sanz-Cruzado , Richard McCreadie , Iadh Ounis

Artificial intelligence (AI) is widely deployed to solve problems related to marketing attribution and budget optimization. However, AI models can be quite complex, and it can be difficult to understand model workings and insights without…

Computation and Language · Computer Science 2024-04-23 Yilin Gao , Sai Kumar Arava , Yancheng Li , James W. Snyder

The auditing of financial documents, historically a labor-intensive process, stands on the precipice of transformation. AI-driven solutions have made inroads into streamlining this process by recommending pertinent text passages from…

In the fast-evolving domain of artificial intelligence, large language models (LLMs) such as GPT-3 and GPT-4 are revolutionizing the landscapes of finance, healthcare, and law: domains characterized by their reliance on professional…

Computation and Language · Computer Science 2024-11-25 Zhiyu Zoey Chen , Jing Ma , Xinlu Zhang , Nan Hao , An Yan , Armineh Nourbakhsh , Xianjun Yang , Julian McAuley , Linda Petzold , William Yang Wang
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