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README.md
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license: cc-by-4.0
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---
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---
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license: cc-by-4.0
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language:
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- en
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tags:
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- business
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- finance
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- industry-classification
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---
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# BusinessBERT
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An industry-sensitive language model for business applications pretrained on business communication corpora. The model incorporates industry classification (IC) as a pretraining objective besides masked language modeling (MLM).
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It was introduced in
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[this paper]() and released in
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[this repository](https://github.com/pnborchert/BusinessBERT).
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## Model description
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We introduce BusinessBERT, an industry-sensitive language model for business applications. The advantage of the model is the training approach focused on incorporating industry information relevant for business related natural language processing (NLP) tasks.
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We compile three large-scale textual corpora consisting of annual disclosures, company website content and scientific literature representing business communication. In total, the corpora include 2.23 billion token.
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BusinessBERT builds upon the bidirectional encoder representations from transformer architecture (BERT) and embeds industry information during pretraining in two ways: (1) The business communication corpora contain a variety of industry-specific terminology; (2) We employ industry classification (IC) as an additional pretraining objective for text documents originating from companies.
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## Intended uses & limitations
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The model is intended to be fine-tuned on business related NLP tasks, i.e. sequence classification, named entity recognition, sentiment analysis or question answering.
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## Training data
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- [CompanyWeb](https://huggingface.co/datasets/pborchert/CompanyWeb): 0.77 billion token, 3.5 GB raw text file
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- [MD&A Disclosures](https://data.caltech.edu/records/1249): 1.06 billion token, 5.1 GB raw text file
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- [Semantic Scholar Open Research Corpus](https://api.semanticscholar.org/corpus): 0.40 billion token, 1.9 GB raw text file
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## Evaluation results
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Classification Tasks:
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| Task | Financial Risk (F1/Acc) | News Headline Topic (F1/Acc) |
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|:----:|:-----------:|:----:|
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| | 85.89/87.02 | 75.06/67.71 |
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Named Entity Recognition:
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| Task | SEC Filings (F1/Prec/Rec) |
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|:----:|:-----------:|
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| | 79.82/77.45/83.38 |
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Sentiment Analysis:
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| Task | FiQA (MSE/MAE) | Financial Phrasebank (F1/Acc) | StockTweets (F1/Acc) |
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|:----:|:-----------:|:----:| :----:|
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| | 0.0758/0.202 | 75.06/67.71 | 69.14/69.54 |
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Question Answering:
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| Task | FinQA (Exe Acc/Prog Acc) |
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|:----:|:-----------:|
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| | 60.07/57.19 |
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### BibTeX entry and citation info
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```bibtex
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@misc{title_year,
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title={TITLE},
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author={AUTHORS},
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year={YEAR},
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}
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```
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