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Financial Large Language Models (FinLLMs), such as open FinGPT and proprietary BloombergGPT, have demonstrated great potential in select areas of financial services. Beyond this earlier language-centric approach, Multimodal Financial…

Computational Engineering, Finance, and Science · Computer Science 2025-07-15 Xiao-Yang Liu Yanglet , Yupeng Cao , Li Deng

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

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

By treating data and models as the source code, Foundation Models (FMs) become a new type of software. Mirroring the concept of software crisis, the increasing complexity of FMs making FM crisis a tangible concern in the coming decade,…

Software Engineering · Computer Science 2024-07-12 Dezhi Ran , Mengzhou Wu , Wei Yang , Tao Xie

Foundation Models (FMs) such as GPT-4 encoded with vast knowledge and powerful emergent abilities have achieved remarkable success in various natural language processing and computer vision tasks. Grounding FMs by adapting them to…

Machine Learning · Computer Science 2024-04-01 Yan Kang , Tao Fan , Hanlin Gu , Xiaojin Zhang , Lixin Fan , Qiang Yang

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…

FMs, particularly LLMs, are increasingly used to support various software engineering activities (e.g., coding and testing). Their applications in the software engineering of CPSs are also growing. However, research in this area remains…

Software Engineering · Computer Science 2025-10-03 Chengjie Lu , Pablo Valle , Jiahui Wu , Erblin Isaku , Hassan Sartaj , Aitor Arrieta , Shaukat Ali

Foundation models (FMs) are large-scale deep learning models trained on massive datasets, often using self-supervised learning techniques. These models serve as a versatile base for a wide range of downstream tasks, including those in…

Machine Learning · Computer Science 2025-01-17 Wasif Khan , Seowung Leem , Kyle B. See , Joshua K. Wong , Shaoting Zhang , Ruogu Fang

Foundation models (FMs) have emerged as a transformative paradigm in medical image analysis, offering the potential to provide generalizable, task-agnostic solutions across a wide range of clinical tasks and imaging modalities. Their…

Computer Vision and Pattern Recognition · Computer Science 2025-11-04 Karma Phuntsho , Abdullah , Kyungmi Lee , Ickjai Lee , Euijoon Ahn

Foundation models (FMs) have emerged as a powerful paradigm, enabling a diverse range of data analytics and knowledge discovery tasks across scientific fields. Inspired by the success of FMs, particularly large language models, researchers…

Machine Learning · Computer Science 2025-11-27 Sean Bin Yang , Ying Sun , Yunyao Cheng , Yan Lin , Kristian Torp , Jilin Hu

This paper investigates the application of large language models (LLMs) to financial tasks. We fine-tuned foundation models using the Open FinLLM Leaderboard as a benchmark. Building on Qwen2.5 and Deepseek-R1, we employed techniques…

Computation and Language · Computer Science 2025-04-18 Varun Rao , Youran Sun , Mahendra Kumar , Tejas Mutneja , Agastya Mukherjee , Haizhao Yang

Foundation models (FMs) are catalyzing a transformative shift in materials science (MatSci) by enabling scalable, general-purpose, and multimodal AI systems for scientific discovery. Unlike traditional machine learning models, which are…

Machine Learning · Computer Science 2025-06-27 Minh-Hao Van , Prateek Verma , Chen Zhao , Xintao Wu

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

Foundation Models (FMs) are models trained on large corpora of data that, at very large scale, can generalize to new tasks without any task-specific finetuning. As these models continue to grow in size, innovations continue to push the…

Machine Learning · Computer Science 2022-12-27 Avanika Narayan , Ines Chami , Laurel Orr , Simran Arora , Christopher Ré

Foundation models (FM) have demonstrated remarkable performance across a wide range of tasks (especially in the fields of natural language processing and computer vision), primarily attributed to their ability to comprehend instructions and…

Artificial Intelligence · Computer Science 2025-02-11 Hongling Zheng , Li Shen , Anke Tang , Yong Luo , Han Hu , Bo Du , Yonggang Wen , Dacheng Tao

The rapid advancements in Large Language Models (LLMs) have unlocked transformative possibilities in natural language processing, particularly within the financial sector. Financial data is often embedded in intricate relationships across…

Statistical Finance · Quantitative Finance 2026-05-21 Alejandro Lopez-Lira , Jihoon Kwon , Sangwoon Yoon , Jy-yong Sohn , Chanyeol Choi

Foundation Models (FMs), such as LLaMA, BERT, GPT, ViT, and CLIP, have demonstrated remarkable success in a wide range of applications, driven by their ability to leverage vast amounts of data for pre-training. However, optimizing FMs often…

Machine Learning · Computer Science 2024-03-21 Sixing Yu , J. Pablo Muñoz , Ali Jannesari

Foundation models (FMs), such as Large Language Models (LLMs), have revolutionized software development by enabling new use cases and business models. We refer to software built using FMs as FMware. The unique properties of FMware (e.g.,…

Foundation models (FMs) are rapidly reshaping medical imaging, shifting the field from narrowly trained, task-specific networks toward large, general-purpose models that can be adapted across modalities, anatomies, and clinical tasks. In…

Image and Video Processing · Electrical Eng. & Systems 2026-02-19 Chuang Niu , Pengwei Wu , Bruno De Man , Ge Wang

The integration of Foundation Models (FMs) with Federated Learning (FL) presents a transformative paradigm in Artificial Intelligence (AI). This integration offers enhanced capabilities, while addressing concerns of privacy, data…

Machine Learning · Computer Science 2024-09-10 Chao Ren , Han Yu , Hongyi Peng , Xiaoli Tang , Bo Zhao , Liping Yi , Alysa Ziying Tan , Yulan Gao , Anran Li , Xiaoxiao Li , Zengxiang Li , Qiang Yang
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