From artistry to political economy, philosophers of Ancient Greece already discussed the meanings and ramifications of the idea of luxury (Berry, 1994). Over the last several decades, the luxury industry has morphed into a global market, one of the most valuable sectors in France, and an important sector in Europe. Nevertheless, based on aesthetic values of artistic directors, this sector has been difficult to map network effects, to quantify relevant signals, and understand optimal strategies. For many years, economists, theorists and scholars have been passionate about the pricing of luxury goods based on scarcity (Smith, 1776), on the mechanism of value according to wealthy buyers (Ricardo, 1817) (Marshall, 1890), on the social aspect of consuming luxury goods (Veblen, 1899), and on the psychological effects such as the scarcity principle, formalized in the "Commodity theory" (Brock, 1968). The economic theory of "Design Innovation and Fashion cycles" (Pesendorfer, 1995) and the response "Fashion Cycles in Economics" (Coelho et al., 2004) brings those observations to the economic field by quantifying the complex buyer interactions and the importance of branding, over the quality of raw materials, or craftsmanship. Similarly, in the socioeconomic sphere, Jean Baudrillard explained that in postindustrial societies "Sign value" (Baudrillard, 1968) has surpassed the other economic values based on production cost, and pure market value. To understand the value of luxury goods from a consumer perspective in 2024, "the Distinction" (Bourdieu, 1979), the sociology research on the cartography of social structure to understand logic of taste are no longer relevant due to the complexity of modern consumer paths, with the power of network effects with social media platforms (Rohlfs, 1974), the digital identity at the age of hyperreality (Baurdillard, 1981), and the luxury goods, as an asset class for investment strategy.

Small language models (SLMs), despite their widespread adoption in modern smart devices, have received significantly less academic attention compared to their large language model (LLM) counterparts, which are predominantly deployed in data centers and cloud environments. While researchers continue to improve the capabilities of LLMs in the pursuit of artificial general intelligence, SLM research aims to make machine intelligence more accessible, affordable, and efficient for everyday tasks. Focusing on transformer-based, decoder-only language models with 100M-5B parameters, we survey 59 state-of-the-art open-source SLMs, analyzing their technical innovations across three axes: architectures, training datasets, and training algorithms. In addition, we evaluate their capabilities in various domains, including commonsense reasoning, in-context learning, mathematics, and coding. To gain further insight into their on-device runtime costs, we benchmark their inference latency and memory footprints. Through in-depth analysis of our benchmarking data, we offer valuable insights to advance research in this field.

With the rapid development of large language models (LLMs), assessing their performance on health-related inquiries has become increasingly essential. It is critical that these models provide accurate and trustworthy health information, as their application in real-world contexts--where misinformation can have serious consequences for individuals seeking medical advice and support--depends on their reliability. In this work, we present CHBench, the first comprehensive Chinese Health-related Benchmark designed to evaluate LLMs' capabilities in understanding physical and mental health across diverse scenarios. CHBench includes 6,493 entries related to mental health and 2,999 entries focused on physical health, covering a broad spectrum of topics. This dataset serves as a foundation for evaluating Chinese LLMs' capacity to comprehend and generate accurate health-related information. Our extensive evaluations of four popular Chinese LLMs demonstrate that there remains considerable room for improvement in their understanding of health-related information. The code is available at https://github.com/TracyGuo2001/CHBench.

Large language models (LLMs) have demonstrated remarkable capabilities across a range of natural language processing (NLP) tasks, capturing the attention of both practitioners and the broader public. A key question that now preoccupies the AI community concerns the capabilities and limitations of these models, with trustworthiness emerging as a central issue, particularly as LLMs are increasingly applied in sensitive fields like healthcare and finance, where errors can have serious consequences. However, most previous studies on the trustworthiness of LLMs have been limited to a single language, typically the predominant one in the dataset, such as English. In response to the growing global deployment of LLMs, we introduce XTRUST, the first comprehensive multilingual trustworthiness benchmark. XTRUST encompasses a diverse range of topics, including illegal activities, hallucination, out-of-distribution (OOD) robustness, physical and mental health, toxicity, fairness, misinformation, privacy, and machine ethics, across 10 different languages. Using XTRUST, we conduct an empirical evaluation of the multilingual trustworthiness of five widely used LLMs, offering an in-depth analysis of their performance across languages and tasks. Our results indicate that many LLMs struggle with certain low-resource languages, such as Arabic and Russian, highlighting the considerable room for improvement in the multilingual trustworthiness of current language models. The code is available at https://github.com/LluckyYH/XTRUST.

In the domain of education, the integration of,technology has led to a transformative era, reshaping traditional,learning paradigms. Central to this evolution is the automation,of grading processes, particularly within the STEM domain encompassing Science, Technology, Engineering, and Mathematics.,While efforts to automate grading have been made in subjects,like Literature, the multifaceted nature of STEM assessments,presents unique challenges, ranging from quantitative analysis,to the interpretation of handwritten diagrams. To address these,challenges, this research endeavors to develop efficient and reliable grading methods through the implementation of automated,assessment techniques using Artificial Intelligence (AI). Our,contributions lie in two key areas: firstly, the development of a,robust system for evaluating textual answers in STEM, leveraging,sample answers for precise comparison and grading, enabled by,advanced algorithms and natural language processing techniques.,Secondly, a focus on enhancing diagram evaluation, particularly,flowcharts, within the STEM context, by transforming diagrams,into textual representations for nuanced assessment using a,Large Language Model (LLM). By bridging the gap between,visual representation and semantic meaning, our approach ensures accurate evaluation while minimizing manual intervention.,Through the integration of models such as CRAFT for text,extraction and YoloV5 for object detection, coupled with LLMs,like Mistral-7B for textual evaluation, our methodology facilitates,comprehensive assessment of multimodal answer sheets. This,paper provides a detailed account of our methodology, challenges,encountered, results, and implications, emphasizing the potential,of AI-driven approaches in revolutionizing grading practices in,STEM education.

The exponential growth of the mobile app market underscores the importance of constant innovation and rapid response to user demands. As user satisfaction is paramount to the success of a mobile application (app), developers typically rely on user reviews, which represent user feedback that includes ratings and comments to identify areas for improvement. However, the sheer volume of user reviews poses challenges in manual analysis, necessitating automated approaches. Existing automated approaches either analyze only the target apps reviews, neglecting the comparison of similar features to competitors or fail to provide suggestions for feature enhancement. To address these gaps, we propose a Large Language Model (LLM)-based Competitive User Review Analysis for Feature Enhancement) (LLM-Cure), an approach powered by LLMs to automatically generate suggestion s for mobile app feature improvements. More specifically, LLM-Cure identifies and categorizes features within reviews by applying LLMs. When provided with a complaint in a user review, LLM-Cure curates highly rated (4 and 5 stars) reviews in competing apps related to the complaint and proposes potential improvements tailored to the target application. We evaluate LLM-Cure on 1,056,739 reviews of 70 popular Android apps. Our evaluation demonstrates that LLM-Cure significantly outperforms the state-of-the-art approaches in assigning features to reviews by up to 13% in F1-score, up to 16% in recall and up to 11% in precision. Additionally, LLM-Cure demonstrates its capability to provide suggestions for resolving user complaints. We verify the suggestions using the release notes that reflect the changes of features in the target mobile app. LLM-Cure achieves a promising average of 73% of the implementation of the provided suggestions.

Large language models are rapidly gaining popularity and have been widely adopted in real-world applications. While the quality of training data is essential, privacy concerns arise during data collection. Federated learning offers a solution by allowing multiple clients to collaboratively train LLMs without sharing local data. However, FL introduces new challenges, such as model convergence issues due to heterogeneous data and high communication costs. A comprehensive study is required to address these challenges and guide future research. This paper surveys Federated learning for LLMs (FedLLM), highlighting recent advances and future directions. We focus on two key aspects: fine-tuning and prompt learning in a federated setting, discussing existing work and associated research challenges. We finally propose potential research directions for federated LLMs, including pre-training and how LLMs can further enhance federated learning.

Effective patient-provider communication is crucial in clinical care, directly impacting patient outcomes and quality of life. Traditional evaluation methods, such as human ratings, patient feedback, and provider self-assessments, are often limited by high costs and scalability issues. Although existing natural language processing (NLP) techniques show promise, they struggle with the nuances of clinical communication and require sensitive clinical data for training, reducing their effectiveness in real-world applications. Emerging large language models (LLMs) offer a new approach to assessing complex communication metrics, with the potential to advance the field through integration into passive sensing and just-in-time intervention systems. This study explores LLMs as evaluators of palliative care communication quality, leveraging their linguistic, in-context learning, and reasoning capabilities. Specifically, using simulated scripts crafted and labeled by healthcare professionals, we test proprietary models (e.g., GPT-4) and fine-tune open-source LLMs (e.g., LLaMA2) with a synthetic dataset generated by GPT-4 to evaluate clinical conversations, to identify key metrics such as `understanding' and `empathy'. Our findings demonstrated LLMs' superior performance in evaluating clinical communication, providing actionable feedback with reasoning, and demonstrating the feasibility and practical viability of developing in-house LLMs. This research highlights LLMs' potential to enhance patient-provider interactions and lays the groundwork for downstream steps in developing LLM-empowered clinical health systems.

We address the fundamental task of inferring cross-document coreference and hierarchy in scientific texts, which has important applications in knowledge graph construction, search, recommendation and discovery. LLMs can struggle when faced with many long-tail technical concepts with nuanced variations. We present a novel method which generates context-dependent definitions of concept mentions by retrieving full-text literature, and uses the definitions to enhance detection of cross-document relations. We further generate relational definitions, which describe how two concept mentions are related or different, and design an efficient re-ranking approach to address the combinatorial explosion involved in inferring links across papers. In both fine-tuning and in-context learning settings we achieve large gains in performance. We provide analysis of generated definitions, shedding light on the relational reasoning ability of LLMs over fine-grained scientific concepts.

The increasing volume and complexity of clinical documentation in Electronic Medical Records systems pose significant challenges for clinical coders, who must mentally process and summarise vast amounts of clinical text to extract essential information needed for coding tasks. While large language models have been successfully applied to shorter summarisation tasks in recent years, the challenge of summarising a hospital course remains an open area for further research and development. In this study, we adapted three pre trained LLMs, Llama 3, BioMistral, Mistral Instruct v0.1 for the hospital course summarisation task, using Quantized Low Rank Adaptation fine tuning. We created a free text clinical dataset from MIMIC III data by concatenating various clinical notes as the input clinical text, paired with ground truth Brief Hospital Course sections extracted from the discharge summaries for model training. The fine tuned models were evaluated using BERTScore and ROUGE metrics to assess the effectiveness of clinical domain fine tuning. Additionally, we validated their practical utility using a novel hospital course summary assessment metric specifically tailored for clinical coding. Our findings indicate that fine tuning pre trained LLMs for the clinical domain can significantly enhance their performance in hospital course summarisation and suggest their potential as assistive tools for clinical coding. Future work should focus on refining data curation methods to create higher quality clinical datasets tailored for hospital course summary tasks and adapting more advanced open source LLMs comparable to proprietary models to further advance this research.