FinBloom: Knowledge Grounding Large Language Model with Real-time Financial Data

• URL: http://arxiv.org/abs/2502.18471v1
• Date: Tue, 04 Feb 2025 06:51:34 GMT
• Title: FinBloom: Knowledge Grounding Large Language Model with Real-time Financial Data
• Authors: Ankur Sinha, Chaitanya Agarwal, Pekka Malo,
• Abstract summary: We introduce Financial Agent, a knowledge-grounding approach for large language models to handle financial queries.<n>We train FinBloom 7B, a custom 7 billion parameter LLM, on 14 million financial news articles.<n>This agent generates relevant financial context, enabling efficient real-time data retrieval.
• Score: 1.8434042562191815
• License: http://creativecommons.org/licenses/by/4.0/
• Abstract: Large language models (LLMs) excel at generating human-like responses but often struggle with interactive tasks that require access to real-time information. This limitation poses challenges in finance, where models must access up-to-date information, such as recent news or price movements, to support decision-making. To address this, we introduce Financial Agent, a knowledge-grounding approach for LLMs to handle financial queries using real-time text and tabular data. Our contributions are threefold: First, we develop a Financial Context Dataset of over 50,000 financial queries paired with the required context. Second, we train FinBloom 7B, a custom 7 billion parameter LLM, on 14 million financial news articles from Reuters and Deutsche Presse-Agentur, alongside 12 million Securities and Exchange Commission (SEC) filings. Third, we fine-tune FinBloom 7B using the Financial Context Dataset to serve as a Financial Agent. This agent generates relevant financial context, enabling efficient real-time data retrieval to answer user queries. By reducing latency and eliminating the need for users to manually provide accurate data, our approach significantly enhances the capability of LLMs to handle dynamic financial tasks. Our proposed approach makes real-time financial decisions, algorithmic trading and other related tasks streamlined, and is valuable in contexts with high-velocity data flows.

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