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Generative AI (GenAI) is a popular and powerful technology that can improve productivity and creativity in various fields. A research team from HKUST Business School developed InvestLM. InvestLM is Hong Kong’s first open source large-scale language model (LLM) for GenAI applications, capable of generating investment-related human-like responses comparable to well-known commercial chatbots. OpenAI’s ChatGPT. InvestLM’s model parameters and insights from its development process are published to support the adoption of his LLM-related technologies by industry practitioners and researchers.
The advent of open source LLMs has opened new avenues for exploring the potential of GenAI, allowing anyone with modest computing resources to train an LLM to suit their needs. The HKUST research team adapted his LLaMA-65B, an open source general-purpose LLM developed by Meta, to high-quality and diverse financial and investment-related texts using a technique called instruction fine-tuning to create InvestLM. has been developed. , his cutting-edge LLM for the financial domain. InvestLM’s response has been rated by financial experts, including hedge fund managers and research analysts, to be comparable to that of state-of-the-art commercial LLMs such as GPT-3.5, GPT-4, and Claude-2. According to the research team, InvestLM has powerful capabilities in understanding financial documents and helps financial and investment professionals in tasks such as providing investment insights, extracting and summarizing information from financial news and reports. It has the potential to improve efficiency.
Professor TAM Kan-Yan, Dean of HKUST Business School, said: “Developing an in-house LLM will enable financial firms to gain a competitive edge through the application of generative AI, while also enabling them to better manage sensitive information and customer data. “We will be able to manage it more effectively.” Reflecting his HKUST lead in the implementation of generative AI in Hong Kong’s higher education sector, this project, in addition to making a powerful finance LLM available to the general public, will also support the burgeoning field of generative AI. provided the financial sector with valuable insights into the use of ”
Professor YANG Yi, Associate Professor in the School of Information Systems, Business Statistics and Operations Management at the Hong Kong Institute and a member of the research project team, said: InvestLM serves as a valuable reference for practitioners in finance and beyond who want to unlock the power of generative AI. ”
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