Large Language Models in Finance (FinLLMs)

Abstract

Large language models (LLMs) have demonstrated remarkable capabilities and have attracted significant attention across diverse domains, including financial services. Despite the extensive research into general-domain LLMs and their immense potential in finance, financial LLMs (FinLLMs) research remains limited. This survey provides a comprehensive overview of FinLLMs, including their history, techniques, downstream tasks associated with datasets, evaluations, and opportunities and challenges. Firstly, we present a chronological overview of general-domain language models (LMs) through to current FinLLMs, including the GPT-series, selected open-source LLMs, and financial LMs. Secondly, we comp..