BioFinBERT: Finetuning Large Language Models (LLMs) to Analyze Sentiment of Press Releases and Financial Text Around Inflection Points of Biotech Stocks

Large language models (LLMs) are deep learning algorithms being used to perform natural language processing tasks in various fields, from social sciences to finance and biomedical sciences. Developing and training a new LLM can be very computationally expensive, so it is becoming a common practice to take existing LLMs and finetune them with carefully curated datasets for desired applications in different fields. Here, we present BioFinBERT, a finetuned LLM to perform financial sentiment analysi...