United States

Firm risk relations are crucial in financial applications, including hedging and portfolio construction. However, the complexity of extracting relevant information from financial reports poses significant challenges in quantifying these relations. To this end, we introduce SURF, a System to Unveil Explainable Risk Relations between Firms. SURF employs a domain-specific encoder and an innovative scoring mechanism to uncover latent risk connections from financial reports. It constructs a network graph to visualize these firm-level risk interactions and incorporates a rationale explainer to elucidate the underlying links. Our evaluation using stock data shows that SURF outperforms baseline methods in effectively capturing firm risk relations. The demo video of the system is publicly available.

NAACL 2025

SURF: A System to Unveil Explainable Risk Relations between Firms

information retrieval and text mining

nlp applications

information extraction

## Welcome!
"I am excited to welcome you to this year’s edition of the Conference on Empirical Methods in Natural Language Processing! Importantly, it marks the 30th edition of EMNLP. With over 8,000 submissions, more than 3,000 accepted papers, and thousands of attendees, we have come a long way from that first
workshop, which had 14 accepted papers. As the field looks ahead, Suzhou is the fitting location for celebrating this milestone: rooted in a long literary tradition, yet modern and forward-looking, and home to a large share of the NLP community." 

*Message from the General Chair, Dirk Hovy*

EMNLP 2025

Celebrate 30 Years of EMNLP! 
EMNLP 2025 will be held in Suzhou, China from November 5th to November 9th, 2025.

demo

### Welcome to 2025 Annual Conference of the Nations of the Americas Chapter of the Association for Computational Linguistics

Welcome to the 2025 meeting of the Nations of the Americas Chapter of the Association for Computational Linguistics! I am proud to help organize the first NAACL conference to carry the new name of our organization, one that emphasizes inclusion for all of the Americas. I am also pleased to welcome you to Albuquerque, New Mexico, a state whose unique blend of cultural influences will make for an excellent backdrop for NAACL 2025, especially with this year’s special theme on NLP in a Multicultural World. 
**[Continue reading...](https://drive.google.com/file/d/1jX-qGhqVSZZCIrAnJaz798pflu5Irrdn/view?usp=sharing)**

*- Colin Cherry, Google, NAACL 2025 General Chair* 

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Welcome to 2025 Annual Conference of the Nations of the Americas Chapter of the Association for Computational Linguistics

Large Vision-Language Models (LVLMs), despite their recent success, are hardly comprehensively tested for their cognitive abilities. Inspired by the prevalent use of the Cookie Theft task in human cognitive tests, we propose a novel evaluation benchmark to evaluate high-level cognitive abilities of LVLMs using images with rich semantics. The benchmark consists of 251 images along with comprehensive annotations. It defines eight reasoning capabilities and comprises an image description task and a visual question answering task. Our evaluation of well-known LVLMs shows that there is still a significant gap in cognitive abilities between LVLMs and humans.

A Cognitive Evaluation Benchmark of Image Reasoning and Description for Large Vision-Language Models

In the current era of rapidly growing digital data, evaluating the political bias and factuality of news outlets has become more important for seeking reliable information online. In this work, we study the classification problem of profiling news media from the lens of political bias and factuality. Traditional profiling methods, such as Pre-trained Language Models (PLMs) and Graph Neural Networks (GNNs) have shown promising results, but they face notable challenges. PLMs focus solely on textual features, causing them to overlook the complex relationships between entities, while GNNs often struggle with media graphs containing disconnected components and insufficient labels. To address these limitations, we propose MediaGraphMind (MGM), an effective solution within a variational Expectation-Maximization (EM) framework. Instead of relying on limited neighboring nodes, MGM leverages features, structural patterns, and label information from globally similar nodes. Such a framework not only enables GNNs to capture long-range dependencies for learning expressive node representations but also enhances PLMs by integrating structural information and therefore improving the performance of both models. The extensive experiments demonstrate the effectiveness of the proposed framework and achieve new state-of-the-art results. Further, we share our repository which contains the dataset, code, and documentation.

MGM: Global Understanding of Audience Overlap Graphs for Predicting the Factuality and the Bias of News Media

Vision-language models (VLMs) excel at tasks requiring joint understanding of visual and linguistic information. A particularly promising yet under-explored application for these models lies in answering questions based on various kinds of maps. This study investigates the efficacy of VLMs in answering questions based on choropleth maps, which are widely used for data analysis and representation. To facilitate and encourage research in this area, we introduce a novel map-based question-answering benchmark, consisting of maps from three geographical regions (United States, India, China), each containing around 1000 questions. Our benchmark incorporates 43 diverse question templates, requiring nuanced understanding of relative spatial relationships, intricate map features, and complex reasoning. It also includes maps with discrete and continuous values, covering variations in color mapping, category ordering, and stylistic patterns, enabling a comprehensive analysis. We evaluated the performance of multiple VLMs on this benchmark, highlighting gaps in their abilities, and providing insights for improving such models. Our dataset, along with all necessary code scripts, is available at map-wise.github.io.

MAPWise: Evaluating Vision-Language Models for Advanced Map Queries

The profound success of transformer-based language models can largely be attributed to their ability to integrate relevant contextual information from an input sequence in order to generate a response or complete a task. However, we know very little about the algorithms that a model employs to implement this capability, nor do we understand their failure modes. For example, given the prompt ''John is going fishing, so he walks over to the bank. Can he make an ATM transaction?'', a model may incorrectly respond ''Yes'' if it has not properly contextualized ''bank'' as a geographical feature, rather than a financial institution. We propose the LLM Race Conditions Hypothesis as an explanation of contextualization errors of this form. This hypothesis identifies dependencies between tokens (e.g., ''bank'' must be properly contextualized before the final token, ''?'', integrates information from ''bank''), and claims that contextualization errors are a result of violating these dependencies. Using a variety of techniques from mechanistic interpretability, we provide correlational and causal evidence in support of the hypothesis and suggest inference-time interventions to address it.

Racing Thoughts: Explaining Contextualization Errors in Large Language Models

Generating high-quality charts with Large
Language Models (LLMs) presents significant challenges due to limited data and the
high cost of scaling through human curation.
⟨instruction, data, code⟩ triplets are scarce and
expensive to manually curate as their creation
demands technical expertise. To address this
scalability challenge, we introduce a referencefree automatic feedback generator, which eliminates the need for costly human intervention.
Our novel framework, C
2
, consists of (1) an automatic feedback provider (CHARTAF) and (2)
a diverse, reference-free dataset (CHARTUIE8K). The results are compelling: in our first
experiment, 74% of respondents strongly preferred, and 10% preferred, the results after
feedback. The second post-feedback experiment demonstrates that CHARTAF outperform nine baselines. Moreover, CHARTUIE8K significantly improves data diversity by increasing queries, datasets, and chart types by
5982%, 1936%, and 91%, respectively, over
benchmarks. Finally, a study of LLM users
revealed that 94% of participants preferred
CHARTUIE-8K’s queries, with 93% deeming
them aligned with real-world use cases. Core
contributions are available as open-source at
chartsquared.github.io, with ample qualitative
examples.

C2 : Scalable Auto-Feedback for LLM-based Chart Generation

Despite the widespread adoption of Large language models (LLMs), their remarkable capabilities remain limited to a few high-resource languages. Additionally, many low-resource languages (e.g. African languages) are often evaluated only on basic text classification tasks due to the lack of appropriate or comprehensive benchmarks outside of high-resource languages. In this paper, we introduce IrokoBench---a human-translated benchmark dataset for 17 typologically-diverse low-resource African languages covering three tasks: natural language inference(AfriXNLI), mathematical reasoning(AfriMGSM), and multi-choice knowledge-based QA(AfriMMLU). We use IrokoBench to evaluate zero-shot, few-shot, and translate-test settings(where test sets are translated into English) across 10 open and four proprietary LLMs. Our evaluation reveals a significant performance gap between high-resource languages~(such as English and French) and low-resource African languages. We observe a significant performance gap between open and proprietary models, with the highest performing open model, Gemma 2 27B only at 63% of the best-performing proprietary model GPT-4o performance. Machine translating the test set to English before evaluation helped to close the gap for larger models that are English-centric, like Gemma 2 27B and LLaMa 3.1 70B. These findings suggest that more efforts are needed to develop and adapt LLMs for African languages.

IrokoBench: A New Benchmark for African Languages in the Age of Large Language Models

Classification tasks in NLP are typically addressed by selecting a pre-trained language model (PLM) from a model hub, and fine-tuning it for the task at hand. However, given the very large number of PLMs that are currently available, a practical challenge is to determine which of them will perform best for a specific downstream task. With this paper, we introduce TransformerRanker, a lightweight library that efficiently ranks PLMs for classification tasks without the need for computationally costly fine-tuning. Our library implements current approaches for transferability estimation (LogME, H-Score, kNN), in combination with layer aggregation options, which we empirically showed to yield state-of-the-art rankings of PLMs (Garbas et al., 2024). We designed the interface to be lightweight and easy to use, allowing users to directly connect to the HuggingFace Transformers and Dataset libraries. Users need only select a downstream classification task and a list of PLMs to create a ranking of likely best-suited PLMs for their task. We make TransformerRanker available as a pip-installable open-source library.

TransformerRanker: A Tool for Efficiently Finding the Best-Suited Language Models for Downstream Classification Tasks

Adapting Large Language Models (LLMs) to novel tasks and enhancing their overall capabilities often requires large, high-quality training datasets. Synthetic data, generated at scale, serves a valuable alternative when real-world data is scarce or difficult to obtain. However, ensuring the quality of synthetic datasets is challenging, as developers must manually inspect and refine numerous samples to identify errors and areas for improvement. This process is time-consuming and requires specialized tools. We introduce NeMo-Inspector, an open-source tool designed to simplify the analysis of synthetic datasets with integrated inference capabilities. We demonstrate its effectiveness through two real-world cases. Analysis and cleaning of the synthetically generated GSM-Plus dataset with NeMo-Inspector led to a significant decrease in low-quality samples from 46.99% to 19.51%. The tool also helped identify and correct generation errors in OpenMath models, improving accuracy by 1.92% on the MATH dataset and by 4.17% on the GSM8K dataset for a Meta-Llama-3-8B model fine-tuned on synthetic data generated from Nemotron-4-340B.

NeMo-Inspector: A Visualization Tool for LLM Generation Analysis

Fine-tuning large language models (LLMs) for code generation is challenging due to computational costs and the underrepresentation of some programming languages (PLs) in pre-training. We propose PLEX, a lottery-ticket based parameter-efficient fine-tuning (PEFT) method that adapts LLMs to either well-supported and underrepresented PLs.
During lottery ticket selection, PLEX employs a dual strategy: for well-represented PLs, it leverages the LLM's full parametric knowledge by selecting from full layers, while for underrepresented PLs, it narrows the selection scope to dense layers, prioritizing the most influential parameters.
Additionally, PLEX-E, a low-rank extension of PLEX, further reduces computational costs by limiting the scope of fine-tuning. 
On MultiPL-E benchmarks, PLEX achieves state-of-the-art performance among PEFT methods, while PLEX-E maintains competitive results with reduced computational overhead. Both variants demonstrate effective adaptation across diverse programming languages, particularly for those underrepresented in pre-training.

PLEX: Adaptive Parameter-Efficient Fine-Tuning for Code LLMs using Lottery-Tickets

Large Language Models (LLMs) have demonstrated exceptional versatility across diverse domains, yet their application in e-commerce remains underexplored due to a lack of domain-specific datasets. To address this gap, we introduce eC-Tab2Text, a novel dataset designed to capture the intricacies of e-commerce, including detailed product attributes and user-specific queries. Leveraging eC-Tab2Text, we focus on text generation from product tables, enabling LLMs to produce high-quality, attribute-specific product reviews from structured tabular data. Fine-tuned models were rigorously evaluated using standard Table2Text metrics, alongside correctness, faithfulness, and fluency assessments. Our results demonstrate substantial improvements in generating contextually accurate reviews, highlighting the transformative potential of tailored datasets and fine-tuning methodologies in optimizing e-commerce workflows. This work highlights the potential of LLMs in e-commerce workflows and the essential role of domain-specific datasets in tailoring them to industry-specific challenges.

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A Cognitive Evaluation Benchmark of Image Reasoning and Description for Large Vision-Language Models

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Financial Risk Relation Identification through Dual-view Adaptation