Exploring the Impact of Corpus Diversity on Financial Pretrained Language Models
arXiv:2310.13312 · doi:10.18653/v1/2023.findings-emnlp.138
Abstract
Over the past few years, various domain-specific pretrained language models (PLMs) have been proposed and have outperformed general-domain PLMs in specialized areas such as biomedical, scientific, and clinical domains. In addition, financial PLMs have been studied because of the high economic impact of financial data analysis. However, we found that financial PLMs were not pretrained on sufficiently diverse financial data. This lack of diverse training data leads to a subpar generalization performance, resulting in general-purpose PLMs, including BERT, often outperforming financial PLMs on many downstream tasks. To address this issue, we collected a broad range of financial corpus and trained the Financial Language Model (FiLM) on these diverse datasets. Our experimental results confirm that FiLM outperforms not only existing financial PLMs but also general domain PLMs. Furthermore, we provide empirical evidence that this improvement can be achieved even for unseen corpus groups.
Accepted to EMNLP 2023 (Findings)
References in corpus (6)
- LLaMA: Open and Efficient Foundation Language Models
- Publicly Available Clinical BERT Embeddings
- BloombergGPT: A Large Language Model for Finance
- GLM-130B: An Open Bilingual Pre-trained Model
- FinBERT: A Pretrained Language Model for Financial Communications
- FiNER: Financial Numeric Entity Recognition for XBRL Tagging