Harnessing Business and Media Insights with Large Language Models

Yujia Bao, Ankit Parag Shah, Neeru Narang, Jonathan Rivers, Rajeev Maksey +28 more
6/2/2024
cs.CLcs.AIcs.LG

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Abstract

This paper introduces Fortune Analytics Language Model (FALM). FALM empowers users with direct access to comprehensive business analysis, including market trends, company performance metrics, and expert insights. Unlike generic LLMs, FALM leverages a curated knowledge base built from professional journalism, enabling it to deliver precise and in-depth answers to intricate business questions. Users can further leverage natural language queries to directly visualize financial data, generating insightful charts and graphs to understand trends across diverse business sectors clearly. FALM fosters user trust and ensures output accuracy through three novel methods: 1) Time-aware reasoning guarantees accurate event registration and prioritizes recent updates. 2) Thematic trend analysis explicitly examines topic evolution over time, providing insights into emerging business landscapes. 3) Content referencing and task decomposition enhance answer fidelity and data visualization accuracy. We conduct both automated and human evaluations, demonstrating FALM's significant performance improvements over baseline methods while prioritizing responsible AI practices. These benchmarks establish FALM as a cutting-edge LLM in the business and media domains, with exceptional accuracy and trustworthiness.

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Cite this paper

@article{bao2024harnessing,
  title  = {Harnessing Business and Media Insights with Large Language Models},
  author = {Yujia Bao and Ankit Parag Shah and Neeru Narang and Jonathan Rivers and Rajeev Maksey and Lan Guan and Louise N. Barrere and Shelley Evenson and Rahul Basole and Connie Miao and Ankit Mehta and Fabien Boulay and Su Min Park and Natalie E. Pearson and Eldhose Joy and Tiger He and Sumiran Thakur and Koustav Ghosal and Josh On and Phoebe Morrison and Tim Major and Eva Siqi Wang and Gina Escobar and Jiaheng Wei and Tharindu Cyril Weerasooriya and Queena Song and Daria Lashkevich and Clare Chen and Gyuhak Kim and Dengpan Yin and Don Hejna and Mo Nomeli and Wei Wei},
  year   = {2024},
  eprint = {2406.06559},
  archivePrefix = {arXiv},
  url    = {http://arxiv.org/abs/2406.06559v1}
}

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