Search

This report outlines a transformative initiative in the financial investment industry, where the conventional decision-making process, laden with labor-intensive tasks such as sifting through voluminous documents, is being reimagined. Leveraging language models, our experiments aim to automate information summarization and investment idea generation. We seek to evaluate the effectiveness of fine-tuning methods on a base model (Llama2) to achieve specific application-level goals, including providing insights into the impact of events on companies and sectors, understanding market condition relationships, generating investor-aligned investment ideas, and formatting results with stock recommendations and detailed explanations. Through state-of-the-art generative modeling techniques, the ultimate objective is to develop an AI agent prototype, liberating human investors from repetitive tasks and allowing a focus on high-level strategic thinking. The project encompasses a diverse corpus dataset, including research reports, investment memos, market news, and extensive time-series market data. We conducted three experiments applying unsupervised and supervised LoRA fine-tuning on the llama2_7b_hf_chat as the base model, as well as instruction fine-tuning on the GPT3.5 model. Statistical and human evaluations both show that the fine-tuned versions perform better in solving text modeling, summarization, reasoning, and finance domain questions, demonstrating a pivotal step towards enhancing decision-making processes in the financial domain. Code implementation for the project can be found on GitHub: https://github.com/Firenze11/finance_lm.

Using type-x spin-orbit torque (SOT) switching scheme, in which the easy axis (EA) of the ferromagnetic (FM) layer and the charge current flow direction are collinear, is possible to realize a lower-power-consumption, higher-density, and better-performance SOT magnetoresistive random access memory (SOT-MRAM) as compared to the conventional type-y design. Here, we systematically investigate type-x SOT switching properties by both macrospin and micromagnetic simulations. The out-of-plane external field and anisotropy field dependence of the switching current density ($J_{sw}$) is first examined in the ideal type-x configuration. Next, we study the FM layer canting angle ($\phi_{EA}$) dependence of $J_{sw}$ through macrospin simulations and experiments, which show a transformation of switching dynamics from type-x to type-y with increasing $\phi_{EA}$. By further integrating field-like torque (FLT) into the simulated system, we find that a positive FLT can assist type-x SOT switching while a negative one brings about complex dynamics. More crucially, with the existence of a sizable FLT, type-x switching mode results in a lower critical switching current than type-y at current pulse width less than ~ 10 ns, indicating the advantage of employing type-x design for ultrafast switching using materials systems with FLT. Our work provides a thorough examination of type-x SOT scheme with various device/materials parameters, which can be informative for designing next-generation SOT-MRAM.

A large unidirectional magnetoresistance (UMR) ratio of UMR/$R_{xx}\sim$ $0.36\%$ is found in W/CoFeB metallic bilayer heterostructures at room temperature. Three different regimes in terms of the current dependence of UMR ratio are identified: A spin-dependent-scattering mechanism regime at small current densities $J \sim$ $10$$^{9}$A/m$^{2}$ (UMR ratio $\propto$ $J$), a spin-magnon-interaction mechanism regime at intermediate $J \sim$ $10$$^{10}$A/m$^{2}$ (UMR ratio $\propto$ $J$$^{3}$), and a spin-transfer torque (STT) regime at $J \sim$ $10$$^{11}$A/m$^{2}$ (UMR ratio independent of $J$). We verify the direct correlation between this large UMR and the transfer of spin angular momentum from the W layer to the CoFeB layer by both field-dependent and current-dependent UMR characterizations. Numerical simulations further confirm that the large STT-UMR stems from the tilting of the magnetization affected by the spin Hall effect-induced spin-transfer torques. An alternative approach to estimate damping-like spin-torque efficiencies from magnetic heterostructures is also proposed.