New approach selects sparse features without validation.
problem Overfitting and high storage/compute costs in AI models.
method Phase transition in probability of feature retrieval.
result Flexible approach for various models and loss functions.
A new cost-frugal HPO method controls training cost during optimization.
problem Ignoring training cost variation in HPO leads to inefficient hyperparameter tuning.
method Developed a randomized direct-search method with convergence and approximation guarantees.
result Proved an O ( d K ) O(\frac{\sqrt{d}}{\sqrt{K}}) O ( K d ) convergence rate and O ( d ε − 2 ) O(dε^{-2}) O ( d ε − 2 ) approximation guarantee. New model considers varying costs in learning, outperforming existing methods.
problem Learning with varying costs in machine learning models.
method Introduces ε-frugal learning that considers both known and unknown costs.
result ε-frugal learners outperform learners with known costs and random sampling.
Frugal method predicts multiple local electricity loads efficiently.
problem Day-ahead forecasting of over 1000 substations in France.
method Adaptive generalized additive models with state-space representations, combined with transfer learning.
result Reduction of computational needs and emissions with competitive accuracy.
A new optimizer saves significant shots in quantum machine learning.
problem Training variational QML algorithms is challenging due to large datasets and shot-count overhead.
method Proposed Refoqus optimizer that samples over both dataset and measurement operators.
result Refoqus can save several orders of magnitude in shot cost compared to existing methods.
Model learns brevity by exposing to easy problems, improving efficiency without explicit length penalties.
problem Excessive verbosity in step-by-step reasoning models trained with RLVR.
method Retaining and up-weighting moderately easy problems as implicit length regularizers.
result Model generates solutions that are, on average, nearly twice as short without explicit length penalties.
Frugal Flows learn complex data and infer marginal causal effects.
problem Challenges in estimating marginal causal effects from complex data.
method Frugal Flows use normalizing flows to flexibly learn data and infer causal quantities.
result Frugal Flows can generate synthetic data that closely matches real-world data and exactly parameterize causal quantities.
Spectral regularization improves learning over combinatorial spaces with limited data.
problem Learning pseudo-Boolean functions with scarce labeled data.
method Regularizing the spectral representation of learned functions using the L_1 norm.
result Regularization allows for data-frugal learning and achieves statistically optimal generalization performance.
Frengression models causal data flexibly and faithfully.
problem Challenges in robust benchmarking and evaluation of causal inference with real-world data.
method Introduces frengression, a deep generative model for joint distribution of covariates, treatments, and outcomes.
result Frengression provides accurate estimation and flexible simulation of multivariate, time-varying data.
Sampling a fraction of pairs can match full evaluation in machine learning losses.
problem High computational cost of full pairwise loss evaluation.
method Survey sampling techniques targeting informative pairs.
result Performance close to full pairwise evaluation achieved with frugal sampling.
Proposes a method to evaluate generalizability in causal inference models.
problem Lack of formal procedures to statistically evaluate generalizability in causal inference.
method Frugal parameterization to simulate from causal benchmarks, using mean and distributional regression methods.
result Ensures more realistic evaluations of causal inference models, avoiding over-reliance on conventional metrics.
We present an LDA approach to entity disambiguation. Each topic is associated with a Wikipedia article and topics generate either content words or entity mentions. Training such models is challenging because of the topic and vocabulary size, both in the millions. We tackle these problems using a novel distributed infer…
AI stocks hedge against AI singularity's economic impact.
problem AI singularity's displacement of consumption.
method Developed an asset pricing model with incomplete markets.
result AI stocks command a premium due to market incompleteness.
Study analyzes AI's impact on firms, markets, and workers using large language model data.
problem Understanding AI's effect on firms, markets, and workers.
method Used 380 trillion tokens from 400+ large language models to analyze AI's impact.
result Firms with higher AI exposure earn higher returns, creating an AI premium.
New AI stock indices classify firms' AI engagement using 10-K filings.
problem Opaque AI selection criteria in existing ETFs.
method NLP analysis of 10-K filings to classify AI stocks.
result Companies with higher AI engagement have greater positive returns.
The paper analyzes risk spillovers between AI ETFs, AI tokens, and green markets.
problem Risk spillovers among AI ETFs, AI tokens, and green markets.
method R2 decomposition method
result AI ETFs and clean energy act as risk transmitters, while AI tokens and green assets act as receivers.
This review covers AI in finance, challenges, techniques, and opportunities.
problem Challenges and opportunities in AI applications in finance.
method Comprehensive categorization and overview of AI research in finance over decades.
result A dense roadmap of AI challenges, techniques, and opportunities in finance.
Explainable AI improves human decision accuracy but does not enhance it significantly.
problem Improving human decision-making through explainable AI.
method Comparing human decision accuracy with and without AI predictions, including or excluding explanations.
result Providing AI predictions improves human decision accuracy, but explanations do not significantly enhance it.
The paper explores AI in finance, focusing on XAI's role in enhancing interpretability and trust.
problem The need for AI in finance and the importance of XAI for better decision-making.
method Tracing AI's evolution in finance, highlighting XAI's role, and demonstrating through simulations.
result XAI enhances trust in AI systems, leading to more responsible decision-making.
The family of temporal difference (TD) methods span a spectrum from computationally frugal linear methods like TD(λ) to data efficient least squares methods. Least square methods make the best use of available data directly computing the TD solution and thus do not require tuning a typically highly sensitive learning r…
Paper defines AI-specific loss reconstruction problem and introduces CER framework.
problem Reconstructing AI-generated losses, especially in agentic systems.
method CER framework: C (control boundary), E (evidence reconstruction), R (insurance response).
result Defines AI-specific reconstruction problem and operationalizes it.
Experiment shows cognitive biases impact human-AI collaboration, highlighting the need for diverse evaluator samples.
problem Cognitive biases affect human-AI collaboration, leading to suboptimal outcomes.
method Randomized experiment with 2,784 participants, manipulating AI suggestion quality, task burden, and financial incentives.
result Individual attitudes toward AI are the strongest predictor of performance, influencing accuracy and overcorrection.
AI enhances financial forecasting with challenges in regulation and privacy.
problem Challenges in integrating AI with financial services and regulations.
method Integration of AI technologies like deep learning and reinforcement learning.
result AI improves financial forecasting but faces regulatory and privacy issues.
AI+MPS workshop aims to strengthen AI's role in science.
problem AI's potential to enhance scientific discovery and education.
method Proposes activities and strategic priorities to strengthen AI-MPS link.
result AI and science are becoming increasingly intertwined.
Improved AI patent classifier measures U.S. and China's AI patenting.
problem Measuring AI patents with high precision and generalization.
method Fine-tuning PatentSBERTa on manually labeled data from USPTO's AI Patent Dataset.
result Rapid growth in AI patenting in both countries, but different organizational patterns.
FST.ai 2.0 improves Taekwondo decision-making with AI, reducing review time and increasing trust.
problem Fair, transparent, and explainable decision-making in Taekwondo.
method Pose-based action recognition, epistemic uncertainty modeling, interactive dashboards.
result 85% reduction in decision review time, 93% referee trust in AI-assisted decisions.
Article evaluates AI security threats and proposes multiple measures.
problem Threats to AI integrity and security.
method Literature review, analysis of AI supply chain, discussion of mitigations.
result Multiple protective measures are necessary for AI security.
In many real-world scenarios where data is high dimensional, test time acquisition of features is a non-trivial task due to costs associated with feature acquisition and evaluating feature value. The need for highly confident models with an extremely frugal acquisition of features can be addressed by allowing a feature…
AI threatens financial stability through misuse and stealth adoption.
problem Misuse and stealth adoption of AI in financial regulations.
method Analysis of AI's potential risks and criteria for AI suitability.
result AI will likely become widely used by stealth, affecting high-level financial functions.
Adversarial policies beat superhuman Go AI systems.
problem Vulnerability of superhuman AI systems to adversarial attacks.
method Training adversarial policies to trick KataGo into making blunders.
result Adversarial policies achieve >97% win rate against KataGo at superhuman settings.
The DoD needs a robust process to evaluate AI/ML model performance and robustness.
problem AI/ML models are brittle and nonrobust, posing risks in national security.
method Reviews AI/ML development process and best practices for evaluation.
result Recommendations for DoD evaluators to ensure robust AI/ML capabilities.
Paper tackles AI risks by customizing metrics and models.
problem AI risks are multidimensional and immaturely managed.
method Decomposes AI risks into data protection, fairness, etc., and develops metrics and models.
result Customized metrics and models reduce AI risk uncertainty.
Qlib aims to integrate AI into quantitative investment.
problem Challenges in applying AI to quantitative investment.
method Design and develop Qlib to accommodate AI-driven workflow.
result Qlib realizes the potential of AI technologies in quantitative investment.
Open AI models affect bond yields differently than closed ones.
problem Understanding how market reactions to AI releases impact bond yields.
method Analyzed US bond yields before and after the release of open and closed AI models.
result Open AI models shift bond yields in the opposite direction of closed models.
AI systems are being deployed to support human decision making in high-stakes domains. In many cases, the human and AI form a team, in which the human makes decisions after reviewing the AI's inferences. A successful partnership requires that the human develops insights into the performance of the AI system, including …
Do-AIQ framework evaluates AI algorithms' quality using DOE.
problem Quality evaluation of AI mislabel detection algorithms.
method Design-of-experiment approach with high-dimensional constraint space design and surrogate modeling.
result Established framework for evaluating AI algorithm quality robustly.
AI enhances ESG practices in finance, but requires careful consideration.
problem Regulatory pressures and stakeholder awareness drive ESG adoption.
method Industrial survey categorizing AI applications in ESG.
result AI improves analytical capabilities, risk assessment, and customer engagement.
Generative AI boosts analyst reports but increases forecast errors.
problem Improving financial analyst reports with AI.
method Natural experiment using FactSet's AI platform.
result AI-assisted reports are more comprehensive but lead to higher forecast errors.
Improves AI-prior reliability for Bayesian inference.
problem Error propagation from predictive models into posterior inference.
method Rectified AI-informed prior elicitation framework.
result Significant reduction in bias and improvement in predictive performance.
This work advances collaborative decision making by combining human and AI strengths in uncertainty quantification.
problem Current AI lacks robust decision-making capabilities under uncertainty, especially in high-stakes contexts.
method Introduces Human AI Collaborative Uncertainty Quantification (HACUQ) framework, formalizing AI-human collaboration and developing calibration algorithms.
result Optimal collaborative prediction sets follow a two-threshold structure, and online adaptation algorithms can adapt to evolving human behavior.
ChatGPT launch boosted AI-related crypto assets by 10.7% to 15.6%.
problem Investor perception of AI assets after ChatGPT launch.
method Synthetic difference-in-difference methodology.
result AI-related crypto assets experienced significant returns after ChatGPT launch.
Next generation of embedded Information and Communication Technology (ICT) systems are collaborative systems able to perform autonomous tasks. The remarkable expansion of the embedded ICT market, together with the rise and breakthroughs of Artificial Intelligence (AI), have put the focus on the Edge as it stands as one…
Generative AI boosts productivity and improves customer service quality.
problem Productivity and quality of customer support agents.
method Staggered introduction of a generative AI-based conversational assistant in customer support.
result AI increases productivity by 15% on average, with significant heterogeneity across workers.
AI attacks threaten insurance systems, requiring new defenses.
problem Adversarial attacks on AI in insurance.
method Categorize and discuss various types of attacks and defense methods.
result Need for improved AI systems to resist attacks.
AI aids in mathematics research and problem-solving.
problem Complex mathematical problems and discoveries.
method Explains AI principles and diverse applications in math.
result AI assists in discovering patterns, proving theorems, and challenging conjectures.
Current advances in research, development and application of artificial intelligence (AI) systems have yielded a far-reaching discourse on AI ethics. In consequence, a number of ethics guidelines have been released in recent years. These guidelines comprise normative principles and recommendations aimed to harness the …
The ubiquity of systems using artificial intelligence or "AI" has brought increasing attention to how those systems should be regulated. The choice of how to regulate AI systems will require care. AI systems have the potential to synthesize large amounts of data, allowing for greater levels of personalization and preci…
GAICF proposes a framework for governing generative AI in banking.
problem Generative AI's impact on financial decision-making and governance.
method SR 26-2-compatible governance framework for generative AI applications.
result GAICF aligns generative AI practices with SR 26-2 supervisory expectations.