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Autori principali: Brenner, Eliot, Seyler, Dominic, Hegde, Manjunath, Simion, Andrei, Dasgupta, Koustuv, Xiang, Bing
Natura: Preprint
Pubblicazione: 2025
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Accesso online:https://arxiv.org/abs/2512.08088
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author Brenner, Eliot
Seyler, Dominic
Hegde, Manjunath
Simion, Andrei
Dasgupta, Koustuv
Xiang, Bing
author_facet Brenner, Eliot
Seyler, Dominic
Hegde, Manjunath
Simion, Andrei
Dasgupta, Koustuv
Xiang, Bing
contents Despite advances in generative large language models (LLMs), practical application of specialized conversational AI agents remains constrained by computation costs, latency requirements, and the need for precise domain-specific relevance measures. While existing embedding models address the first two constraints, they underperform on information retrieval in specialized domains like finance. This paper introduces a scalable pipeline that trains specialized models from an unlabeled corpus using a general purpose retrieval embedding model as foundation. Our method yields an average of 27.7% improvement in MRR$\texttt{@}$5, 44.6% improvement in mean DCG$\texttt{@}$5 across 14 financial filing types measured over 21,800 query-document pairs, and improved NDCG on 3 of 4 document classes in FinanceBench. We adapt retrieval embeddings (bi-encoder) for RAG, not LLM generators, using LLM-judged relevance to distill domain knowledge into a compact retriever. There are prior works which pair synthetically generated queries with real passages to directly fine-tune the retrieval model. Our pipeline differs from these by introducing interaction between student and teacher models that interleaves retrieval-based mining of hard positive/negative examples from the unlabeled corpus with iterative retraining of the student model's weights using these examples. Each retrieval iteration uses the refined student model to mine the corpus for progressively harder training examples for the subsequent training iteration. The methodology provides a cost-effective solution to bridging the gap between general-purpose models and specialized domains without requiring labor-intensive human annotation.
format Preprint
id arxiv_https___arxiv_org_abs_2512_08088
institution arXiv
publishDate 2025
record_format arxiv
spellingShingle Adaptation of Embedding Models to Financial Filings via LLM Distillation
Brenner, Eliot
Seyler, Dominic
Hegde, Manjunath
Simion, Andrei
Dasgupta, Koustuv
Xiang, Bing
Computation and Language
Despite advances in generative large language models (LLMs), practical application of specialized conversational AI agents remains constrained by computation costs, latency requirements, and the need for precise domain-specific relevance measures. While existing embedding models address the first two constraints, they underperform on information retrieval in specialized domains like finance. This paper introduces a scalable pipeline that trains specialized models from an unlabeled corpus using a general purpose retrieval embedding model as foundation. Our method yields an average of 27.7% improvement in MRR$\texttt{@}$5, 44.6% improvement in mean DCG$\texttt{@}$5 across 14 financial filing types measured over 21,800 query-document pairs, and improved NDCG on 3 of 4 document classes in FinanceBench. We adapt retrieval embeddings (bi-encoder) for RAG, not LLM generators, using LLM-judged relevance to distill domain knowledge into a compact retriever. There are prior works which pair synthetically generated queries with real passages to directly fine-tune the retrieval model. Our pipeline differs from these by introducing interaction between student and teacher models that interleaves retrieval-based mining of hard positive/negative examples from the unlabeled corpus with iterative retraining of the student model's weights using these examples. Each retrieval iteration uses the refined student model to mine the corpus for progressively harder training examples for the subsequent training iteration. The methodology provides a cost-effective solution to bridging the gap between general-purpose models and specialized domains without requiring labor-intensive human annotation.
title Adaptation of Embedding Models to Financial Filings via LLM Distillation
topic Computation and Language
url https://arxiv.org/abs/2512.08088