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Large Language Models (LLMs) exhibit impressive zero/few-shot inference and generation quality for high-resource languages (HRLs). A few of them have been trained on low-resource languages (LRLs) and give decent performance. Owing to the…

Computation and Language · Computer Science 2024-04-22 Arijit Nag , Animesh Mukherjee , Niloy Ganguly , Soumen Chakrabarti

The advancement of Large Language Models (LLMs) has significantly boosted performance in natural language processing (NLP) tasks. However, the deployment of high-performance LLMs incurs substantial costs, primarily due to the increased…

Machine Learning · Computer Science 2024-03-22 Saehan Jo , Immanuel Trummer

There is a rapidly growing number of large language models (LLMs) that users can query for a fee. We review the cost associated with querying popular LLM APIs, e.g. GPT-4, ChatGPT, J1-Jumbo, and find that these models have heterogeneous…

Machine Learning · Computer Science 2023-05-10 Lingjiao Chen , Matei Zaharia , James Zou

Large language models (LLMs) such as GPT-4 have exhibited remarkable performance in a variety of tasks, but this strong performance often comes with the high expense of using paid API services. In this paper, we are motivated to study…

Computation and Language · Computer Science 2024-02-12 Murong Yue , Jie Zhao , Min Zhang , Liang Du , Ziyu Yao

Generative AI and LLMs in particular are heavily used nowadays for various document processing tasks such as question answering and summarization. However, different LLMs come with different capabilities for different tasks as well as with…

Computation and Language · Computer Science 2024-02-06 Shivanshu Shekhar , Tanishq Dubey , Koyel Mukherjee , Apoorv Saxena , Atharv Tyagi , Nishanth Kotla

LLM alignment ensures that large language models behave safely and effectively by aligning their outputs with human values, goals, and intentions. Aligning LLMs employ huge amounts of data, computation, and time. Moreover, curating data…

Machine Learning · Computer Science 2025-02-19 Amrit Khera , Rajat Ghosh , Debojyoti Dutta

Batch data analytics is a growing application for Large Language Models (LLMs). LLMs enable users to perform a wide range of natural language tasks, such as classification, entity extraction, and translation, over large datasets. However,…

Unequal access to costly datasets essential for empirical research has long hindered researchers from disadvantaged institutions, limiting their ability to contribute to their fields and advance their careers. Recent breakthroughs in Large…

General Finance · Quantitative Finance 2025-09-16 Julian Junyan Wang , Victor Xiaoqi Wang

In recent years, large language models (LLMs) have demonstrated remarkable capabilities in comprehending and generating natural language content, attracting widespread attention in both industry and academia. An increasing number of…

Databases · Computer Science 2026-01-08 Keke Huang , Yimin Shi , Dujian Ding , Yifei Li , Yang Fei , Laks Lakshmanan , Xiaokui Xiao

Large language models (LLMs) enable researchers to analyze text at unprecedented scale and minimal cost. Researchers can now revisit old questions and tackle novel ones with rich data. We provide an econometric framework for realizing this…

Econometrics · Economics 2025-12-08 Jens Ludwig , Sendhil Mullainathan , Ashesh Rambachan

The rapid progress in machine learning (ML) has brought forth many large language models (LLMs) that excel in various tasks and areas. These LLMs come with different abilities and costs in terms of computation or pricing. Since the demand…

Machine Learning · Computer Science 2025-04-23 Quang H. Nguyen , Thinh Dao , Duy C. Hoang , Juliette Decugis , Saurav Manchanda , Nitesh V. Chawla , Khoa D. Doan

This paper describes a rapid feasibility study of using GPT-4, a large language model (LLM), to (semi)automate data extraction in systematic reviews. Despite the recent surge of interest in LLMs there is still a lack of understanding of how…

Computation and Language · Computer Science 2025-02-14 Lena Schmidt , Kaitlyn Hair , Sergio Graziosi , Fiona Campbell , Claudia Kapp , Alireza Khanteymoori , Dawn Craig , Mark Engelbert , James Thomas

Supply chain operations traditionally involve a variety of complex decision making problems. Over the last few decades, supply chains greatly benefited from advances in computation, which allowed the transition from manual processing to…

Artificial Intelligence · Computer Science 2023-07-14 Beibin Li , Konstantina Mellou , Bo Zhang , Jeevan Pathuri , Ishai Menache

Large language models (LLMs) are increasingly deployed as autonomous decision agents in settings with asymmetric error costs: hiring (missed talent vs wasted interviews), medical triage (missed emergencies vs unnecessary escalation), and…

Artificial Intelligence · Computer Science 2026-01-06 Danial Amin

Large Language Models (LLMs) are increasingly used to generate textual explanations of process models discovered from event logs. Producing explanations from large behavioral abstractions (e.g., directly-follows graphs or Petri nets) can be…

Machine Learning · Computer Science 2025-10-14 P. van Oerle , R. H. Bemthuis , F. A. Bukhsh

Large Language Models (LLMs) have revolutionized inference across diverse natural language tasks, with larger models performing better but at higher computational costs. We propose a confidence-driven strategy that dynamically selects the…

Computation and Language · Computer Science 2026-02-26 Bo-Wei Chen , Chung-Chi Chen , An-Zi Yen

Fine-tuning of Large Language Models (LLMs) for downstream tasks, performed on domain-specific data has shown significant promise. However, commercial use of such LLMs is limited by the high computational cost required for their deployment…

Computation and Language · Computer Science 2025-03-06 Boris Nazarov , Darya Frolova , Yackov Lubarsky , Alexei Gaissinski , Pavel Kisilev

Large Language Models (LLMs) have transformed artificial intelligence by excelling in complex natural language processing tasks. Their ability to generate human-like text has opened new possibilities for market research, particularly in…

Artificial Intelligence · Computer Science 2026-04-20 Mengxin Wang , Dennis J. Zhang , Heng Zhang

Although large language models (LLMs) have advanced the state-of-the-art in NLP significantly, deploying them for downstream applications is still challenging due to cost, responsiveness, control, or concerns around privacy and security. As…

Computation and Language · Computer Science 2023-11-01 Dong-Ho Lee , Jay Pujara , Mohit Sewak , Ryen W. White , Sujay Kumar Jauhar

This paper presents a novel method for utilizing fine-tuned Large Language Models (LLMs) to minimize data requirements in load profile analysis, demonstrated through the restoration of missing data in power system load profiles. A two-stage…

Machine Learning · Computer Science 2024-06-05 Yi Hu , Hyeonjin Kim , Kai Ye , Ning Lu
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