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Large language models (LLMs) have achieved remarkable performance in language understanding and generation tasks by leveraging vast amounts of online texts. Unlike conventional models, LLMs can adapt to new domains through prompt…
The utility of Large Language Models (LLMs) in analytical tasks is rooted in their vast pre-trained knowledge, which allows them to interpret ambiguous inputs and infer missing information. However, this same capability introduces a…
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…
Large language models (LLMs) cannot be trusted for economic forecasts during periods covered by their training data. Counterfactual forecasting ability is non-identified when the model has seen the realized values: any observed output is…
Recent advancements in large language models (LLMs) have enhanced natural-language reasoning. However, their limited parametric memory and susceptibility to hallucination present persistent challenges for tasks requiring accurate,…
When we integrate factual knowledge from knowledge graphs (KGs) into large language models (LLMs) to enhance their performance, the cost of injection through training increases with the scale of the models. Consequently, there is…
Large Language Models (LLMs) store an extensive amount of factual knowledge obtained from vast collections of text. To effectively utilize these models for downstream tasks, it is crucial to have reliable methods for measuring their…
Large language models (LLMs) are demonstrably capable of cross-lingual transfer, but can produce inconsistent output when prompted with the same queries written in different languages. To understand how language models are able to…
The hallucination issue is recognized as a fundamental deficiency of large language models (LLMs), especially when applied to fields such as finance, education, and law. Despite the growing concerns, there has been a lack of empirical…
Large language models (LLMs), especially when instruction-tuned for chat, have become part of our daily lives, freeing people from the process of searching, extracting, and integrating information from multiple sources by offering a…
Large Language Models (LLMs) have revolutionized numerous applications, making them an integral part of our digital ecosystem. However, their reliability becomes critical, especially when these models are exposed to misinformation. We…
Large language models (LLMs) are the result of a massive experiment in bottom-up, data-driven reverse engineering of language at scale. Despite their utility in a number of downstream NLP tasks, ample research has shown that LLMs are…
As artificial intelligence (AI) systems, particularly large language models (LLMs), become increasingly integrated into decision-making processes, the ability to trust their outputs is crucial. To earn human trust, LLMs must be well…
Large Language Models (LLMs) demonstrate partial forecasting competence across social, political, and economic events. Yet, their predictive ability varies sharply with domain structure and prompt framing. We investigate how forecasting…
Large language models (LLMs) have recently shown impressive performance on tasks involving reasoning, leading to a lively debate on whether these models possess reasoning capabilities similar to humans. However, despite these successes, the…
Do large language models (LLMs) know the law? These models are increasingly being used to augment legal practice, education, and research, yet their revolutionary potential is threatened by the presence of hallucinations -- textual output…
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…
Large language models (LLMs) have significantly advanced the field of natural language processing, with GPT models at the forefront. While their remarkable performance spans a range of tasks, adapting LLMs for real-world business scenarios…
The development of highly fluent large language models (LLMs) has prompted increased interest in assessing their reasoning and problem-solving capabilities. We investigate whether several LLMs can solve a classic type of deductive reasoning…
Large language models (LLMs) have been found to produce hallucinations when the question exceeds their internal knowledge boundaries. A reliable model should have a clear perception of its knowledge boundaries, providing correct answers…