For both public and private firms, comparable companies' analysis is widely used as a method for company valuation. In particular, the method is of great value for valuation of private equity companies. The several approaches to the comparable companies' method usually rely on a qualitative approach to identifying similar peer companies, which tend to use established industry classification schemes and/or analyst intuition and knowledge. However, more quantitative methods have started being used in the literature and in the private equity industry, in particular, machine learning clustering, and natural language processing (NLP). For NLP methods, the process consists of extracting product entities from e.g., the company's website or company descriptions from some financial database system and then to perform similarity analysis. Here, using companies' descriptions/summaries from publicly available companies' Wikipedia websites, we show that using large language models (LLMs), such as GPT from OpenAI, has a much higher precision and success rate than using the standard named entity recognition (NER) methods which use manual annotation. We demonstrate quantitatively a higher precision rate, and show that, qualitatively, it can be used to create appropriate comparable companies peer groups which could then be used for equity valuation.

The discovery of scientific formulae that parsimoniously explain natural phenomena and align with existing background theory is a key goal in science. Historically, scientists have derived natural laws by manipulating equations based on existing knowledge, forming new equations, and verifying them experimentally. In recent years, data-driven scientific discovery has emerged as a viable competitor in settings with large amounts of experimental data. Unfortunately, data-driven methods often fail to discover valid laws when data is noisy or scarce. Accordingly, recent works combine regression and reasoning to eliminate formulae inconsistent with background theory. However, the problem of searching over the space of formulae consistent with background theory to find one that fits the data best is not well-solved. We propose a solution to this problem when all axioms and scientific laws are expressible via polynomial equalities and inequalities and argue that our approach is widely applicable. We further model notions of minimal complexity using binary variables and logical constraints, solve polynomial optimization problems via mixed-integer linear or semidefinite optimization, and prove the validity of our scientific discoveries in a principled manner using Positivestellensatz certificates. Remarkably, the optimization techniques leveraged in this paper allow our approach to run in polynomial time with fully correct background theory, or non-deterministic polynomial (NP) time with partially correct background theory. We demonstrate that some famous scientific laws, including Kepler's Third Law of Planetary Motion, the Hagen-Poiseuille Equation, and the Radiated Gravitational Wave Power equation, can be derived in a principled manner from background axioms and experimental data.

Acquiring reliable microstructure datasets is a pivotal step toward the systematic design of materials with the aid of integrated computational materials engineering (ICME) approaches. However, obtaining three-dimensional (3D) microstructure datasets is often challenging due to high experimental costs or technical limitations, while acquiring two-dimensional (2D) micrographs is comparatively easier. To deal with this issue, this study proposes a novel framework for 2D-to-3D reconstruction of microstructures called Micro3Diff using diffusion-based generative models (DGMs). Specifically, this approach solely requires pre-trained DGMs for the generation of 2D samples, and dimensionality expansion (2D-to-3D) takes place only during the generation process (i.e., reverse diffusion process). The proposed framework incorporates a new concept referred to as multi-plane denoising diffusion, which transforms noisy samples (i.e., latent variables) from different planes into the data structure while maintaining spatial connectivity in 3D space. Furthermore, a harmonized sampling process is developed to address possible deviations from the reverse Markov chain of DGMs during the dimensionality expansion. Combined, we demonstrate the feasibility of Micro3Diff in reconstructing 3D samples with connected slices that maintain morphologically equivalence to the original 2D images. To validate the performance of Micro3Diff, various types of microstructures (synthetic and experimentally observed) are reconstructed, and the quality of the generated samples is assessed both qualitatively and quantitatively. The successful reconstruction outcomes inspire the potential utilization of Micro3Diff in upcoming ICME applications while achieving a breakthrough in comprehending and manipulating the latent space of DGMs.

We leverage physics-embedded differentiable graph network simulators (GNS) to accelerate particulate and fluid simulations to solve forward and inverse problems. GNS represents the domain as a graph with particles as nodes and learned interactions as edges. Compared to modeling global dynamics, GNS enables learning local interaction laws through edge messages, improving its generalization to new environments. GNS achieves over 165x speedup for granular flow prediction compared to parallel CPU numerical simulations. We propose a novel hybrid GNS/Material Point Method (MPM) to accelerate forward simulations by minimizing error on a pure surrogate model by interleaving MPM in GNS rollouts to satisfy conservation laws and minimize errors achieving 24x speedup compared to pure numerical simulations. The differentiable GNS enables solving inverse problems through automatic differentiation, identifying material parameters that result in target runout distances. We demonstrate the ability of GNS to solve inverse problems by iteratively updating the friction angle (a material property) by computing the gradient of a loss function based on the final and target runouts, thereby identifying the friction angle that best matches the observed runout. The physics-embedded and differentiable simulators open an exciting new paradigm for AI-accelerated design, control, and optimization.

In deep geological repositories for high level nuclear waste with close canister spacings, bentonite buffers can experience temperatures higher than 100 {\deg}C. In this range of extreme temperatures, phenomenological constitutive laws face limitations in capturing the thermo-hydro-mechanical (THM) behavior of the bentonite, since the pre-defined functional constitutive laws often lack generality and flexibility to capture a wide range of complex coupling phenomena as well as the effects of stress state and path dependency. In this work, a deep neural network (DNN)-based soil-water retention curve (SWRC) of bentonite is introduced and integrated into a Reproducing Kernel Particle Method (RKPM) for conducting THM simulations of the bentonite buffer. The DNN-SWRC model incorporates temperature as an additional input variable, allowing it to learn the relationship between suction and degree of saturation under the general non-isothermal condition, which is difficult to represent using a phenomenological SWRC. For effective modeling of the tank-scale test, new axisymmetric Reproducing Kernel basis functions enriched with singular Dirichlet enforcement representing heater placement and an effective convective heat transfer coefficient representing thin-layer composite tank construction are developed. The proposed method is demonstrated through the modeling of a tank-scale experiment involving a cylindrical layer of MX-80 bentonite exposed to central heating.

What is the optimal way to approximate a high-dimensional diffusion process by one in which the coordinates are independent? This paper presents a construction, called the \emph{independent projection}, which is optimal for two natural criteria. First, when the original diffusion is reversible with invariant measure $\rho_*$, the independent projection serves as the Wasserstein gradient flow for the relative entropy $H(\cdot\,|\,\rho_*)$ constrained to the space of product measures. This is related to recent Langevin-based sampling schemes proposed in the statistical literature on mean field variational inference. In addition, we provide both qualitative and quantitative results on the long-time convergence of the independent projection, with quantitative results in the log-concave case derived via a new variant of the logarithmic Sobolev inequality. Second, among all processes with independent coordinates, the independent projection is shown to exhibit the slowest growth rate of path-space entropy relative to the original diffusion. This sheds new light on the classical McKean-Vlasov equation and recent variants proposed for non-exchangeable systems, which can be viewed as special cases of the independent projection.

Recently, there has been a surge in the use of generated data to enhance the performance of downstream models, largely due to the advancements in pre-trained language models. However, most prevailing methods trained generative and discriminative models in isolation, which left them unable to adapt to changes in each other. These approaches lead to generative models that are prone to deviating from the true data distribution and providing limited benefits to discriminative models. While some works have proposed jointly training generative and discriminative language models, their methods remain challenging due to the non-differentiable nature of discrete data. To overcome these issues, we introduce a \textit{self-consistent learning} framework in the text field that involves training a discriminator and generator cooperatively in a closed-loop manner until a scoring consensus is reached. By learning directly from selected samples, our framework are able to mitigate training instabilities such as mode collapse and non-convergence. Extensive experiments on four downstream benchmarks, including AFQMC, CHIP-STS, QQP, and MRPC, demonstrate the efficacy of the proposed framework.

Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. U.S. Ambassador to Japan Rahm Emanuel accused China on Friday of using "economic coercion" against Japan by banning imports of Japanese seafood in response to the release of treated wastewater from the damaged Fukushima nuclear plant into the ocean, while Chinese boats continue to fish off Japan's coasts. "Economic coercion is the most persistent and pernicious tool in their economic toolbox," Emanuel said in a speech Friday in Tokyo, calling China's ban on Japanese seafood the latest example. China is the biggest market for Japanese seafood, and the ban has badly hurt Japan's fishing industry.

We propose a direct mesh-free method for performing topology optimization by integrating a density field approximation neural network with a displacement field approximation neural network. We show that this direct integration approach can give comparable results to conventional topology optimization techniques, with an added advantage of enabling seamless integration with post-processing software, and a potential of topology optimization with objectives where meshing and Finite Element Analysis (FEA) may be expensive or not suitable. Our approach (DMF-TONN) takes in as inputs the boundary conditions and domain coordinates and finds the optimum density field for minimizing the loss function of compliance and volume fraction constraint violation. The mesh-free nature is enabled by a physics-informed displacement field approximation neural network to solve the linear elasticity partial differential equation and replace the FEA conventionally used for calculating the compliance. We show that using a suitable Fourier Features neural network architecture and hyperparameters, the density field approximation neural network can learn the weights to represent the optimal density field for the given domain and boundary conditions, by directly backpropagating the loss gradient through the displacement field approximation neural network, and unlike prior work there is no requirement of a sensitivity filter, optimality criterion method, or a separate training of density network in each topology optimization iteration.

Multi-Agent Reinforcement Learning (MARL) is a promising candidate for realizing efficient control of microscopic particles, of which micro-robots are a subset. However, the microscopic particles' environment presents unique challenges, such as Brownian motion at sufficiently small length-scales. In this work, we explore the role of temperature in the emergence and efficacy of strategies in MARL systems using particle-based Langevin molecular dynamics simulations as a realistic representation of micro-scale environments. To this end, we perform experiments on two different multi-agent tasks in microscopic environments at different temperatures, detecting the source of a concentration gradient and rotation of a rod. We find that at higher temperatures, the RL agents identify new strategies for achieving these tasks, highlighting the importance of understanding this regime and providing insight into optimal training strategies for bridging the generalization gap between simulation and reality. We also introduce a novel Python package for studying microscopic agents using reinforcement learning (RL) to accompany our results.