Wednesday, May 29, 2024

Are you ready for FinRobot: An Open-Source AI Agent Platform for Financial Applications using Large Language Models

Your next financial advisor open source! AI is coming for your money! (just kidding) 😊

Usually George Soros is blamed for many things, but was he also involved in this project?

The authors of this article are affiliated with Columbia University, NYU Shanghai inter alia. 

Caveat: I did not read this paper!

From the abstract:
"As financial institutions and professionals increasingly incorporate Large Language Models (LLMs) into their workflows, substantial barriers, including proprietary data and specialized knowledge, persist between the finance sector and the AI community. These challenges impede the AI community's ability to enhance financial tasks effectively. Acknowledging financial analysis's critical role, we aim to devise financial-specialized LLM-based toolchains and democratize access to them through open-source initiatives, promoting wider AI adoption in financial decision-making. In this paper, we introduce FinRobot, a novel open-source AI agent platform supporting multiple financially specialized AI agents, each powered by LLM. Specifically, the platform consists of four major layers:
1) the Financial AI Agents layer that formulates Financial Chain-of-Thought (CoT) by breaking sophisticated financial problems down into logical sequences;
2) the Financial LLM Algorithms layer dynamically configures appropriate model application strategies for specific tasks;
3) the LLMOps and DataOps layer produces accurate models by applying training/fine-tuning techniques and using task-relevant data;
4) the Multi-source LLM Foundation Models layer that integrates various LLMs and enables the above layers to access them directly.
Finally, FinRobot provides hands-on for both professional-grade analysts and laypersons to utilize powerful AI techniques for advanced financial analysis. We open-source FinRobot at \url{this https URL}."

[2405.14767] FinRobot: An Open-Source AI Agent Platform for Financial Applications using Large Language Models

Credits: Marktechpost AI Newsletter 'FinRobot': A Novel Open-Source AI Agent Platform Supporting Multiple Financially Specialized AI Agents Powered by LLMs

No comments: