从深度学习到大语言模型：量化投资中的人工智能技术综述.pdfVIP

FromDeepLearningtoLLMs:AsurveyofAIinQuantitative

Investment

BOKAICAO,TheHongKongUniversityofScienceandTechnology(Guangzhou),ChinaandIDEAResearch,

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2InternationalDigitalEconomyAcademy,China

0SAIZHUOWANG,TheHongKongUniversityofScienceandTechnology,HongKongandIDEAResearch,

2InternationalDigitalEconomyAcademy,China

rXINYILIN,XIAOJUNWU,andHAOHANZHANG,TheHongKongUniversityofScienceand

a

Technology(Guangzhou),ChinaandIDEAResearch,InternationalDigitalEconomyAcademy,China

MLIONELM.NI,TheHongKongUniversityofScienceandTechnology(Guangzhou),China

∗

7JIANGUO,IDEAResearch,InternationalDigitalEconomyAcademy,China

2

Quantitativeinvestment(quant)isanemerging,technology-drivenapproachinassetmanagement,increasingly

]shapedbyadvancementsinartificialintelligence.Recentadvancesindeeplearningandlargelanguagemodels

P(LLMs)forquantfinancehaveimprovedpredictivemodelingandenabledagent-basedautomation,suggesting

Capotentialparadigmshiftinthisfield.Inthissurvey,takingalphastrategyasarepresentativeexample,we

.explorehowAIcontributestothequantitativeinvestmentpipeline.Wefirstexaminetheearlystageofquant

n

iresearch,centeredonhuman-craftedfeaturesandtraditionalstatisticalmodelswithanestablishedalpha

f-pipeline.Wethendiscusstheriseofdeeplearning,whichenabledscalablemodelingacrosstheentirepipeline

qfromdataprocessingtoorderexecution.Buildingonthis,wehighlighttheemergingroleofLLMsinextending

[AIbeyondprediction,empoweringautonomousagentstoprocessunstructureddata,generatealphas,and

supportself-iterativeworkflows.

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vCCSConcepts:•Generalandreference→Surveysando