Benchmarking Large Language Models on CFLUE -- A Chinese Financial Language Understanding Evaluation Dataset

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Main Authors: Zhu, Jie, Li, Junhui, Wen, Yalong, Guo, Lifan
Format: Preprint
Published: 2024
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author Zhu, Jie
Li, Junhui
Wen, Yalong
Guo, Lifan
author_facet Zhu, Jie
Li, Junhui
Wen, Yalong
Guo, Lifan
contents In light of recent breakthroughs in large language models (LLMs) that have revolutionized natural language processing (NLP), there is an urgent need for new benchmarks to keep pace with the fast development of LLMs. In this paper, we propose CFLUE, the Chinese Financial Language Understanding Evaluation benchmark, designed to assess the capability of LLMs across various dimensions. Specifically, CFLUE provides datasets tailored for both knowledge assessment and application assessment. In knowledge assessment, it consists of 38K+ multiple-choice questions with associated solution explanations. These questions serve dual purposes: answer prediction and question reasoning. In application assessment, CFLUE features 16K+ test instances across distinct groups of NLP tasks such as text classification, machine translation, relation extraction, reading comprehension, and text generation. Upon CFLUE, we conduct a thorough evaluation of representative LLMs. The results reveal that only GPT-4 and GPT-4-turbo achieve an accuracy exceeding 60\% in answer prediction for knowledge assessment, suggesting that there is still substantial room for improvement in current LLMs. In application assessment, although GPT-4 and GPT-4-turbo are the top two performers, their considerable advantage over lightweight LLMs is noticeably diminished. The datasets and scripts associated with CFLUE are openly accessible at https://github.com/aliyun/cflue.
format Preprint
id arxiv_https___arxiv_org_abs_2405_10542
institution arXiv
publishDate 2024
record_format arxiv
spellingShingle Benchmarking Large Language Models on CFLUE -- A Chinese Financial Language Understanding Evaluation Dataset
Zhu, Jie
Li, Junhui
Wen, Yalong
Guo, Lifan
Computation and Language
Artificial Intelligence
In light of recent breakthroughs in large language models (LLMs) that have revolutionized natural language processing (NLP), there is an urgent need for new benchmarks to keep pace with the fast development of LLMs. In this paper, we propose CFLUE, the Chinese Financial Language Understanding Evaluation benchmark, designed to assess the capability of LLMs across various dimensions. Specifically, CFLUE provides datasets tailored for both knowledge assessment and application assessment. In knowledge assessment, it consists of 38K+ multiple-choice questions with associated solution explanations. These questions serve dual purposes: answer prediction and question reasoning. In application assessment, CFLUE features 16K+ test instances across distinct groups of NLP tasks such as text classification, machine translation, relation extraction, reading comprehension, and text generation. Upon CFLUE, we conduct a thorough evaluation of representative LLMs. The results reveal that only GPT-4 and GPT-4-turbo achieve an accuracy exceeding 60\% in answer prediction for knowledge assessment, suggesting that there is still substantial room for improvement in current LLMs. In application assessment, although GPT-4 and GPT-4-turbo are the top two performers, their considerable advantage over lightweight LLMs is noticeably diminished. The datasets and scripts associated with CFLUE are openly accessible at https://github.com/aliyun/cflue.
title Benchmarking Large Language Models on CFLUE -- A Chinese Financial Language Understanding Evaluation Dataset
topic Computation and Language
Artificial Intelligence
url https://arxiv.org/abs/2405.10542