Daily Papers

Natural Language Processing (NLP) has transformed the financial industry, enabling advancements in areas such as textual analysis, risk management, and forecasting. Large language models (LLMs) like BloombergGPT and FinMA have set new benchmarks across various financial NLP tasks, including sentiment analysis, stock movement prediction, and credit risk assessment. Furthermore, FinMA-ES, a bilingual financial LLM, has also demonstrated strong performance using the FLARE and FLARE-ES benchmarks. However, the high computational demands of these models limit the accessibility of many organizations. To address this, we propose Layer-wise Adaptive Ensemble Tuning (LAET), a novel strategy that selectively fine-tunes the most effective layers of pre-trained LLMs by analyzing hidden state representations while freezing less critical layers. LAET significantly reduces computational overhead while enhancing task-specific performance. Our approach shows strong results in financial NLP tasks, outperforming existing benchmarks and state-of-the-art LLMs such as GPT-4, even with smaller LLMs (sim3B parameters). This work bridges cutting-edge financial NLP research and real-world deployment with efficient and scalable models for financial applications.

Humans learn to master open-ended repertoires of skills by imagining and practicing their own goals. This autotelic learning process, literally the pursuit of self-generated (auto) goals (telos), becomes more and more open-ended as the goals become more diverse, abstract and creative. The resulting exploration of the space of possible skills is supported by an inter-individual exploration: goal representations are culturally evolved and transmitted across individuals, in particular using language. Current artificial agents mostly rely on predefined goal representations corresponding to goal spaces that are either bounded (e.g. list of instructions), or unbounded (e.g. the space of possible visual inputs) but are rarely endowed with the ability to reshape their goal representations, to form new abstractions or to imagine creative goals. In this paper, we introduce a language model augmented autotelic agent (LMA3) that leverages a pretrained language model (LM) to support the representation, generation and learning of diverse, abstract, human-relevant goals. The LM is used as an imperfect model of human cultural transmission; an attempt to capture aspects of humans' common-sense, intuitive physics and overall interests. Specifically, it supports three key components of the autotelic architecture: 1)~a relabeler that describes the goals achieved in the agent's trajectories, 2)~a goal generator that suggests new high-level goals along with their decomposition into subgoals the agent already masters, and 3)~reward functions for each of these goals. Without relying on any hand-coded goal representations, reward functions or curriculum, we show that LMA3 agents learn to master a large diversity of skills in a task-agnostic text-based environment.

Understanding and mapping a new environment are core abilities of any autonomously navigating agent. While classical robotics usually estimates maps in a stand-alone manner with SLAM variants, which maintain a topological or metric representation, end-to-end learning of navigation keeps some form of memory in a neural network. Networks are typically imbued with inductive biases, which can range from vectorial representations to birds-eye metric tensors or topological structures. In this work, we propose to structure neural networks with two neural implicit representations, which are learned dynamically during each episode and map the content of the scene: (i) the Semantic Finder predicts the position of a previously seen queried object; (ii) the Occupancy and Exploration Implicit Representation encapsulates information about explored area and obstacles, and is queried with a novel global read mechanism which directly maps from function space to a usable embedding space. Both representations are leveraged by an agent trained with Reinforcement Learning (RL) and learned online during each episode. We evaluate the agent on Multi-Object Navigation and show the high impact of using neural implicit representations as a memory source.

The smoothness of the transformer architecture has been extensively studied in the context of generalization, training stability, and adversarial robustness. However, its role in transfer learning remains poorly understood. In this paper, we analyze the ability of vision transformer components to adapt their outputs to changes in inputs, or, in other words, their plasticity. Defined as an average rate of change, it captures the sensitivity to input perturbation; in particular, a high plasticity implies low smoothness. We demonstrate through theoretical analysis and comprehensive experiments that this perspective provides principled guidance in choosing the components to prioritize during adaptation. A key takeaway for practitioners is that the high plasticity of the attention modules and feedforward layers consistently leads to better finetuning performance. Our findings depart from the prevailing assumption that smoothness is desirable, offering a novel perspective on the functional properties of transformers. The code is available at https://github.com/ambroiseodt/vit-plasticity.

We propose a novel framework to study asynchronous federated learning optimization with delays in gradient updates. Our theoretical framework extends the standard FedAvg aggregation scheme by introducing stochastic aggregation weights to represent the variability of the clients update time, due for example to heterogeneous hardware capabilities. Our formalism applies to the general federated setting where clients have heterogeneous datasets and perform at least one step of stochastic gradient descent (SGD). We demonstrate convergence for such a scheme and provide sufficient conditions for the related minimum to be the optimum of the federated problem. We show that our general framework applies to existing optimization schemes including centralized learning, FedAvg, asynchronous FedAvg, and FedBuff. The theory here provided allows drawing meaningful guidelines for designing a federated learning experiment in heterogeneous conditions. In particular, we develop in this work FedFix, a novel extension of FedAvg enabling efficient asynchronous federated training while preserving the convergence stability of synchronous aggregation. We empirically demonstrate our theory on a series of experiments showing that asynchronous FedAvg leads to fast convergence at the expense of stability, and we finally demonstrate the improvements of FedFix over synchronous and asynchronous FedAvg.

Recent studies have observed that intermediate layers of foundation models often yield more discriminative representations than the final layer. While initially attributed to autoregressive pretraining, this phenomenon has also been identified in models trained via supervised and discriminative self-supervised objectives. In this paper, we conduct a comprehensive study to analyze the behavior of intermediate layers in pretrained vision transformers. Through extensive linear probing experiments across a diverse set of image classification benchmarks, we find that distribution shift between pretraining and downstream data is the primary cause of performance degradation in deeper layers. Furthermore, we perform a fine-grained analysis at the module level. Our findings reveal that standard probing of transformer block outputs is suboptimal; instead, probing the activation within the feedforward network yields the best performance under significant distribution shift, whereas the normalized output of the multi-head self-attention module is optimal when the shift is weak.

Which representation should be probed in a transformer-based foundation model? Recent work shows that the standard practice of probing the final layer is often suboptimal, as intermediate layers can provide better features. Yet, representations are still largely studied along depth alone, treating each transformer block as an atomic unit. In this work, we analyze transformer representations layer by layer, module by module. Through more than 144,000 linear probing evaluations of vision foundation models (VFMs) and large language models (LLMs), we show that layer and module choices should be considered jointly: the best layer-module pair yields substantially larger gains over the final-layer residual stream than the best layer with the residual stream fixed. Moreover, module performance can vary substantially across layers, showing that useful representations cannot be characterized by depth alone. Building on these findings, we evaluate simple fixed probing strategies: the final-layer feedforward activation (Act@100) for vision and the second normalization layer at 60% depth (LN2@60) for language. These strategies improve over the probing baseline in a majority of evaluations and recover, on average, 42% and 86% of the gains from probing the best layer-module pair for vision and language, respectively. For VFMs, these gains increase with the transfer difficulty between pretraining and downstream data.

Multimodal large language models (MLLMs) can answer clinical questions about medical images, but trustworthy use requires visual grounding: models should localize the pathology they report rather than rely on spurious shortcuts. Whether MLLMs can visually ground clinical findings in retinal optical coherence tomography (OCT), the most widely used imaging modality in ophthalmology, remains largely unexplored. To address this gap, we introduce RetinaGroundBench, the first benchmark for biomarker visual grounding in retinal OCT. It comprises 815 B-scans exhaustively annotated by ophthalmologists with 4,537 bounding boxes covering 13 biomarkers across 8 diseases. Because MLLMs often fragment a single lesion into multiple partial predictions, we propose AggIoU, a metric that evaluates whether the union of overlapping predicted boxes covers the annotated region. Across 27 open-source MLLMs (0.8-38B parameters), we find that visual grounding remains largely unsolved: the best general-purpose model achieves a macro F1 of just 23.7%, with consistently low recall, despite reaching up to 73% balanced accuracy on biomarker presence questions. To narrow this gap, we developed RetGrounder, an MLLM fine-tuned using an OCT-specific strategy integrating grounding and textual information. Despite its relatively small size (8B), RetGrounder improves grounding F1 to 33.9%, a 43% relative improvement. Our benchmark provides a reference point for measuring progress in the field of OCT diagnosis with MLLMs.

Eye-tracking analysis plays a vital role in medical imaging, providing key insights into how radiologists visually interpret and diagnose clinical cases. In this work, we first analyze radiologists' attention and agreement by measuring the distribution of various eye-movement patterns, including saccades direction, amplitude, and their joint distribution. These metrics help uncover patterns in attention allocation and diagnostic strategies. Furthermore, we investigate whether and how doctors' gaze behavior shifts when viewing authentic (Real) versus deep-learning-generated (Fake) images. To achieve this, we examine fixation bias maps, focusing on first, last, short, and longest fixations independently, along with detailed saccades patterns, to quantify differences in gaze distribution and visual saliency between authentic and synthetic images.

We introduce GazeVaLM, a public eye-tracking dataset for studying clinical perception during chest radiograph authenticity assessment. The dataset comprises 960 gaze recordings from 16 expert radiologists interpreting 30 real and 30 synthetic chest X-rays (generated by diffusion based generative AI) under two conditions: diagnostic assessment and real-fake classification (Visual Turing test). For each image-observer pair, we provide raw gaze samples, fixation maps, scanpaths, saliency density maps, structured diagnostic labels, and authenticity judgments. We extend the protocol to 6 state-of-the-art multimodal LLMs, releasing their predicted diagnoses, authenticity labels, and confidence scores under matched conditions - enabling direct human-AI comparison at both decision and uncertainty levels. We further provide analyses of gaze agreement, inter-observer consistency, and benchmarking of radiologists versus LLMs in diagnostic accuracy and authenticity detection. GazeVaLM supports research in gaze modeling, clinical decision-making, human-AI comparison, generative image realism assessment, and uncertainty quantification. By jointly releasing visual attention data, clinical labels, and model predictions, we aim to facilitate reproducible research on how experts and AI systems perceive, interpret, and evaluate medical images. The dataset is available at https://huggingface.co/datasets/davidcwong/GazeVaLM.