ACL 2025 论文列表

Language Models (LMs) have demonstrated impressive capabilities with core Natural Language Processing (NLP) tasks. The effectiveness of LMs for highly specialized knowledge-intensive tasks in finance remains difficult to assess due to major gaps in the methodologies of existing evaluation frameworks, which have caused an erroneous belief in a far lower bound of LMs’ performance on common Finance NLP (FinNLP) tasks. To demonstrate the potential of LMs for these FinNLP tasks, we present the first holistic benchmarking suite for Financial Language Model Evaluation (FLaME). We are the first research paper to comprehensively study LMs against ‘reasoning-reinforced’ LMs, with an empirical study of 23 foundation LMs over 20 core NLP tasks in finance. We open-source our framework software along with all data and results.

We introduce **FinanceReasoning**, a novel benchmark designed to evaluate the reasoning capabilities of large reasoning models (LRMs) in financial numerical reasoning problems. Compared to existing benchmarks, our work provides three key advancements. (1) **Credibility**: We update 15.6% of the questions from four public datasets, annotating 908 new questions with detailed Python solutions and rigorously refining evaluation standards. This enables an accurate assessment of the reasoning improvements of LRMs. (2) **Comprehensiveness**: FinanceReasoning covers 67.8% of financial concepts and formulas, significantly surpassing existing datasets. Additionally, we construct 3,133 Python-formatted functions, which enhances LRMs’ financial reasoning capabilities through refined knowledge (*e.g.*, 83.2% → 91.6% for GPT-4o). (3) **Challenge**: Models are required to apply multiple financial formulas for precise numerical reasoning on 238 *Hard* problems. The best-performing model (*i.e.*, OpenAI o1 with PoT) achieves 89.1% accuracy, yet LRMs still face challenges in numerical precision. We demonstrate that combining Reasoner and Programmer models can effectively enhance LRMs’ performance (*e.g.*, 83.2% → 87.8% for DeepSeek-R1). Our work paves the way for future research on evaluating and improving LRMs in domain-specific complex reasoning tasks.

Financial markets exhibit complex dynamics where localized events trigger ripple effects across entities. Previous event studies, constrained by static single-companies analyses and simplistic assumptions, fail to capture these ripple effects. While large language models (LLMs) offer emergent reasoning capabilities, their direct application falters due to structural market unawareness and limited capacity to analyze ripple effects. We propose FinRipple, an elegant framework that empowers LLMs with the ability to analyze ripple effects through financial theory-guided large-scale reinforcement learning. We begin by relaxing the assumptions of previous methods, incorporating a time-varying knowledge graph to accurately represent market structure. By seamlessly integrating classical asset pricing theory, we align the LLM with the market, enabling it to predict ripple effects. To the best of our knowledge, we are the first to provide a standardized definition of ripple effect prediction, a task that is extremely important yet unexplored in the financial domain. Extensive experiments demonstrate that FinRipple provides a promising solution to this task.

Multimodal Large Language Models (MLLMs) have experienced rapid development in recent years. However, in the financial domain, there is a notable lack of effective and specialized multimodal evaluation datasets. To advance the development of MLLMs in the finance domain, we introduce FinMME, encompassing more than 11,000 high-quality financial research samples across 18 financial domains and 6 asset classes, featuring 10 major chart types and 21 subtypes. We ensure data quality through 20 annotators and carefully designed validation mechanisms. Additionally, we develop FinScore, an evaluation system incorporating hallucination penalties and multi-dimensional capability assessment to provide an unbiased evaluation. Extensive experimental results demonstrate that even state-of-the-art models like GPT-4o exhibit unsatisfactory performance on FinMME, highlighting its challenging nature. The benchmark exhibits high robustness with prediction variations under different prompts remaining below 1%, demonstrating superior reliability compared to existing datasets. Our dataset and evaluation protocol are available at https://huggingface.co/datasets/luojunyu/FinMME and https://github.com/luo-junyu/FinMME.

Analysing texts spanning long periods of time is critical for researchers in historical linguistics and related disciplines. However, publicly available corpora suitable for such analyses are scarce. The Project Gutenberg (PG) corpus presents a significant yet underutilized opportunity in this context, due to the absence of accurate temporal metadata. We take advantage of language models and information retrieval to explore four sources of information – Open Web, Wikipedia, Open Library API, and PG books texts – to add missing temporal metadata to the PG corpus. Through 20 experiments employing state-of-the-art Large Language Models (LLMs) and Retrieval-Augmented Generation (RAG) methods, we estimate the production years of all PG books. We curate an enriched metadata repository for the PG corpus and propose a refined version for it, which includes 53,774 books with a total of 3.8 billion tokens in 11 languages, produced between 1600 and 2000. This work provides a new resource for computational linguistics and humanities studies focusing on diachronic analyses. The final dataset and all experiments data are publicly available (https://github.com/OmarMomen14/pg-dates).

Large Language Models (LLMs) are often challenged by generating erroneous or hallucinated responses, especially in complex reasoning tasks. Leveraging Knowledge Graphs (KGs) as external knowledge sources has emerged as a viable solution. However, existing KG-enhanced methods, either retrieval-based or agent-based, encounter difficulties in accurately retrieving knowledge and efficiently traversing KGs at scale. In this paper, we propose a unified framework, FiDeLiS, designed to improve the factuality of LLM responses by anchoring answers to verifiable reasoning steps retrieved from KGs. To achieve this, we leverage step-wise beam search with a deductive scoring function, allowing the LLM to validate reasoning process step by step, and halt the search once the question is deducible. In addition, we propose a Path-RAG module to pre-select a smaller candidate set for each beam search step, reducing computational costs by narrowing the search space. Extensive experiments show that our method, as a training-free framework, not only improve the performance but also enhance the factuality and interpretability across different benchmarks.

Instruction tuning is a crucial step in improving the responsiveness of pretrained large language models (LLMs) to human instructions. Federated learning (FL) helps to exploit the use of vast private instruction data from clients, becoming popular for LLM tuning by improving data diversity. Existing federated tuning simply consumes all local data, causing excessive computational overhead and overfitting to local data, while centralized data-efficient solutions are not suitable for FL due to privacy concerns. This work presents FedHDS, a federated data-efficient instruction tuning approach, which tunes LLMs with a representative subset of edge-side data. It reduces the data redundancy at both intra- and inter-client levels without sharing raw data. Experiments with various LLMs, datasets and partitions show that FedHDS improves Rouge-L on unseen tasks by an average of 10.72% over the SOTA full-data federated instruction tuning methods, while using less than 1.5% of the data samples, improving training efficiency by up to tens of times.

Locate-then-Edit Knowledge Editing (LEKE) is a key technique for updating large language models (LLMs) without full retraining. However, existing methods assume a single-user setting and become inefficient in real-world multi-client scenarios, where decentralized organizations (e.g., hospitals, financial institutions) independently update overlapping knowledge, leading to redundant mediator knowledge vector (MKV) computations and privacy concerns.To address these challenges, we introduce Federated Locate-then-Edit Knowledge Editing (FedLEKE), a novel task that enables multiple clients to collaboratively perform LEKE while preserving privacy and reducing computational overhead. To achieve this, we propose FedEdit, a two-stage framework that optimizes MKV selection and reuse.In the first stage, clients locally apply LEKE and upload the computed MKVs. In the second stage, rather than relying solely on server-based MKV sharing, FedLEKE allows clients retrieve relevant MKVs based on cosine similarity, enabling knowledge re-edit and minimizing redundant computations.Experimental results on two benchmark datasets demonstrate that FedEdit retains over 96% of the performance of non-federated LEKE while significantly outperforming a FedAvg-based baseline by approximately twofold. Besides, we find that MEMIT performs more consistently than PMET in the FedLEKE task with our FedEdit framework. Our code is available at https://github.com/zongkaiz/FedLEKE.

Low-Rank Adaptation (LoRA) is a popular technique for efficient fine-tuning of foundation models. However, applying LoRA in federated learning environments, where data is distributed across multiple clients, presents unique challenges. Existing methods rely on traditional federated averaging of LoRA adapters, resulting in inexact updates. To address this, we propose Federated Exact LoRA, or FedEx-LoRA, which adds a residual error term to the pre-trained frozen weight matrix. Our approach achieves exact updates with minimal computational and communication overhead, preserving LoRA’s efficiency. We evaluate the method on various models across arithmetic reasoning, commonsense reasoning, natural language understanding and natural language generation tasks, showing consistent performance gains over state-of-the-art methods across multiple settings. Through extensive analysis, we quantify that the deviations in updates from the ideal solution are significant, highlighting the need for exact aggregation. Our method’s simplicity, efficiency, and broad applicability position it as a promising solution for accurate and effective federated fine-tuning of foundation models.

Federated Learning (FL) enables privacy-preserving collaborative instruction tuning of large language models (LLMs) by leveraging massively distributed data. However, the decentralized nature of FL exacerbates data quality challenges, as local clients lack global visibility to filter noisy or low-quality samples before training. To resolve this issue, we propose FedDQC, a novel federated instruction tuning framework with dynamic data quality control. Our approach introduces two key innovations. First, we propose instruction-response alignment (IRA)—an efficient client-side metric for quality evaluation requiring only low-cost inference. We validate that higher-IRA data corresponds to more relevant and easier-to-learn question-answer pairs. Second, mirroring the human easy-to-hard knowledge acquisition process, we design a quality-aware hierarchical FL training framework, where the LLM is progressively fine-tuned from high- to low-IRA data in a collaborative manner. The framework also supports adaptive data quality assessment at each hierarchy, enabling dynamic adjustments throughout the training process. Extensive experiments on synthetic and real-world datasets show that our method significantly improves LLM performance on mixed-quality data in FL.

Artificial Text Detection (ATD) is becoming increasingly important with the rise of advanced Large Language Models (LLMs). Despite numerous efforts, no single algorithm performs consistently well across different types of unseen text or guarantees effective generalization to new LLMs. Interpretability plays a crucial role in achieving this goal. In this study, we enhance ATD interpretability by using Sparse Autoencoders (SAE) to extract features from Gemma-2-2B’s residual stream. We identify both interpretable and efficient features, analyzing their semantics and relevance through domain- and model-specific statistics, a steering approach, and manual or LLM-based interpretation of obtained features. Our methods offer valuable insights into how texts from various models differ from human-written content. We show that modern LLMs have a distinct writing style, especially in information-dense domains, even though they can produce human-like outputs with personalized prompts. The code for this paper is available at https://github.com/pyashy/SAE_ATD.

Speculative Decoding (SD) is a promising method for reducing the inference latency of large language models (LLMs). A well-designed draft model and an effective draft candidate tree construction method are key to enhancing the acceleration effect of SD. In this paper, we first propose the Effective Draft Decoder (EDD), which treats the LLM as a powerful encoder and generates more accurate draft tokens by leveraging the encoding results as soft prompts. Furthermore, we use KL divergence instead of the standard cross-entropy loss to better align the draft model’s output with the LLM. Next, we introduce the Pruned Candidate Tree (PCT) algorithm to construct a more efficient candidate tree. Specifically, we found that the confidence scores predicted by the draft model are well-calibrated with the acceptance probability of draft tokens. Therefore, PCT estimates the expected time gain for each node in the candidate tree based on confidence scores and retains only the nodes that contribute to acceleration, pruning away redundant nodes. We conducted extensive experiments with various LLMs across four datasets. The experimental results verify the effectiveness of our proposed method, which significantly improves the performance of SD and reduces the inference latency of LLMs.

Synthetic high-quality multi-step reasoning data can significantly enhance the performance of large language models on various tasks. However, most existing methods rely on rejection sampling, which generates trajectories independently and suffers from inefficiency and imbalanced sampling across problems of varying difficulty. In this work, we introduce FastMCTS, an innovative data synthesis strategy inspired by Monte Carlo Tree Search. FastMCTS provides a more efficient sampling method for multi-step reasoning data, offering step-level evaluation signals and promoting balanced sampling across problems of different difficulty levels. Experiments on both English and Chinese reasoning datasets demonstrate that FastMCTS generates over 30% more correct reasoning paths compared to rejection sampling as the number of generated tokens scales up. Furthermore, under comparable synthetic data budgets, models trained on FastMCTS-generated data outperform those trained on rejection sampling data by 3.9% across multiple benchmarks. As a lightweight sampling strategy, FastMCTS offers a practical and efficient alternative for synthesizing high-quality reasoning data.

Speculative Decoding has gained popularity as an effective technique for accelerating the auto-regressive inference process of Large Language Models. However, Speculative Decoding entirely relies on the availability of efficient draft models, which are often lacking for many existing language models due to a stringent constraint of vocabulary compatibility. In this work we introduce FastDraft, a novel and efficient approach for pre-training and aligning a draft model to any large language model by incorporating efficient pre-training, followed by fine-tuning over synthetic datasets generated by the target model. We demonstrate FastDraft by training two highly parameter efficient drafts for the popular Phi-3-mini and Llama-3.1-8B models. Using FastDraft, we were able to produce a draft model with approximately 10 billion tokens on a single server with 8 Intel Gaudi 2 accelerators in under 24 hours. Our results show that the draft model achieves impressive results in key metrics of acceptance rate, block efficiency and up to 3x memory bound speed up when evaluated on code completion and up to 2x in summarization, text completion and instruction tasks. We validate our theoretical findings through benchmarking on the latest Intel Core Ultra, achieving a wall-clock time speedup of up to 2x, indicating a significant reduction in runtime. Due to its high quality, FastDraft unlocks large language models inference on AI-PC and other edge-devices.

We propose Fast-and-Frugal Text-Graph (FnF-TG) Transformers, a Transformer-based framework that unifies textual and structural information for inductive link prediction in text-attributed knowledge graphs. We demonstrate that, by effectively encoding ego-graphs (1-hop neighbourhoods), we can reduce the reliance on resource-intensive textual encoders. This makes the model both fast at training and inference time, as well as frugal in terms of cost. We perform a comprehensive evaluation on three popular datasets and show that FnF-TG can achieve superior performance compared to previous state-of-the-art methods. We also extend inductive learning to a fully inductive setting, where relations don’t rely on transductive (fixed) representations, as in previous work, but are a function of their textual description. Additionally, we introduce new variants of existing datasets, specifically designed to test the performance of models on unseen relations at inference time, thus offering a new test-bench for fully inductive link prediction.

Multimodal large language models (MLLMs) still struggle with complex reasoning tasks in Visual Question Answering (VQA). While current methods have advanced by incorporating visual prompts, our study uncovers critical limitations: these approaches indiscriminately annotate all detected objects for every visual question, generating excessive visual markers that degrade task performance. This issue stems primarily from a lack of focus on key visual elements, raising two important questions: Are all objects equally important, and do all questions require visual prompts? Motivated by Dual Process Theory, which distinguishes between instinctive and deliberate cognitive modes in human reasoning, we propose FOCUS, a plug-and-play approach that dynamically adapts to the complexity of questions, combining fast intuitive judgments with deliberate analytical reasoning to enhance the vision-language reasoning capability of the MLLM. For straightforward questions, FOCUS supports efficient zero-shot reasoning. For more complex tasks, it employs the conceptualizing before observation strategy to highlight critical elements. Extensive experiments on four benchmarks—ScienceQA, TextQA, VizWiz, and MME—demonstrate that FOCUS consistently improves the performance of both open-source and black-box MLLMs, achieving significant gains across all datasets. Ablation studies further validate the importance of combining diverse cognitive strategies with refined visual information for superior performance. Code will be released.

Parody is an emerging phenomenon on social media, where individuals imitate a role or position opposite to their own, often for humor, provocation, or controversy. Detecting and analyzing parody can be challenging and is often reliant on context, yet it plays a crucial role in understanding cultural values, promoting subcultures, and enhancing self-expression. However, the study of parody is hindered by limited available data and deficient diversity in current datasets. To bridge this gap, we built seven parody datasets from both English and Chinese corpora, with 14,755 annotated users and 21,210 annotated comments in total. To provide sufficient context information, we also collect replies and construct user-interaction graphs to provide richer contextual information, which is lacking in existing datasets. With these datasets, we test traditional methods and Large Language Models (LLMs) on three key tasks: (1) parody detection, (2) comment sentiment analysis with parody, and (3) user sentiment analysis with parody. Our extensive experiments reveal that parody-related tasks still remain challenging for all models, and contextual information plays a critical role. Interestingly, we find that, in certain scenarios, traditional sentence embedding methods combined with simple classifiers can outperform advanced LLMs, i.e. DeepSeek-R1 and GPT-o3, highlighting parody as a significant challenge for LLMs.

Large language models (LLMs) augmented with retrieval systems have demonstrated significant potential in handling knowledge-intensive tasks. However, these models often struggle with unfaithfulness issues, generating outputs that either ignore the retrieved context or inconsistently blend it with the LLM’s parametric knowledge. This issue is particularly severe in cases of knowledge conflict, where the retrieved context conflicts with the model’s parametric knowledge. While existing faithful RAG approaches enforce strict context adherence through well-designed prompts or modified decoding strategies, our analysis reveals a critical limitation: they achieve faithfulness by forcibly suppressing the model’s parametric knowledge, which undermines the model’s internal knowledge structure and increases the risk of misinterpreting the context. To this end, this paper proposes FaithfulRAG, a novel framework that resolves knowledge conflicts by explicitly modeling discrepancies between the model’s parametric knowledge and retrieved context. Specifically, FaithfulRAG identifies conflicting knowledge at the fact level and designs a self-thinking process, allowing LLMs to reason about and integrate conflicting facts before generating responses. Extensive experiments demonstrate that our method outperforms state-of-the-art methods. The code is available at https://github.com/DeepLearnXMU/Faithful-RAG.

Natural language explanations play a fundamental role in Natural Language Inference (NLI) by revealing how premises logically entail hypotheses. Recent work has shown that the interaction of large language models (LLMs) with theorem provers (TPs) can help verify and improve the validity of NLI explanations. However, TPs require translating natural language into machine-verifiable formal representations, a process that introduces the risk of semantic information loss and unfaithful interpretation, an issue compounded by LLMs’ challenges in capturing critical logical structures with sufficient precision. Moreover, LLMs are still limited in their capacity for rigorous and robust proof construction within formal verification frameworks. To mitigate issues related to faithfulness and robustness, this paper investigates strategies to (1) alleviate semantic loss during autoformalisation, (2) efficiently identify and correct syntactic errors in logical representations, (3) explicitly use logical expressions to guide LLMs in generating structured proof sketches, and (4) increase LLMs’ capacity of interpreting TP’s feedback for iterative refinement. Our empirical results on e-SNLI, QASC and WorldTree using different LLMs demonstrate that the proposed strategies yield significant improvements in autoformalisation (+18.46%, +34.2%, +39.77%) and explanation refinement (+29.5%, +51.5%, +41.25%) over the state-of-the-art model. Moreover, we show that specific interventions on the hybrid LLM-TP architecture can substantially improve efficiency, drastically reducing the number of iterations required for successful verification.