United States

Multi-step symbolic reasoning is essential for robust financial analysis; yet, current benchmarks largely overlook this capability. Existing datasets such as FinQA and ConvFinQA emphasize final numerical answers while neglecting the intermediate reasoning steps required for transparency and verification. To address this gap, we introduce FinChain, the first benchmark specifically designed for verifiable Chain-of-Thought evaluation in finance. FinChain spans 58 topics across 12 financial domains, each represented by parameterized symbolic templates with executable Python code that enable fully machine-verifiable reasoning and scalable, contamination-free data generation.
To assess reasoning capacity, we propose ChainEval, a dynamic alignment measure that jointly evaluates both the final-answer correctness and the step-level reasoning consistency. Our evaluation of 26 leading LLMs reveals that even frontier LLMs exhibit clear limitations in symbolic financial reasoning, while domain-adapted and math-enhanced fine-tuned models can substantially narrow this gap.
Overall, FinChain exposes persistent weaknesses in multi-step financial reasoning and provides a foundation for developing trustworthy, interpretable, and verifiable financial AI. This project is available at https://github.com/mbzuai-nlp/finchain.git.

ACL 2026

FinChain: A Symbolic Benchmark for Verifiable Chain-of-Thought Financial Reasoning

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EMNLP 2021

EMNLP 2021 is planned to be a hybrid event in Punta Cana, Dominican Republic, with both on-site and fully virtual participation possible.

technical paper

It is my great pleasure and honor to welcome you to the 64th Annual Meeting of the Association for Computational Linguistics (ACL 2026), held in San Diego, California, USA, July 2–7, 2026. ACL 2026 continues our fields tradition of excellence in scholarship, innovation, and inclusivity, and I am deeply grateful to the many volunteers who have worked tirelessly to bring this event to life.

It is exciting to see the many developments in the field reflected at our conference, such as the advancement of large language models (born out of our community) into many application directions. This is not without challenges, partly due to unsolved problems, and partly due to misuse of the technology. All this is reflected well at ACL 2026. The conference also reflects that the field is not only about advancing technology, but also the science of fundamentally understanding language and how it is use by many different speaker communities. <br>
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The 64th Annual Meeting of the Association for Computational Linguistics (ACL 2026) will take place in San Diego, California, from July 2 - 7, 2026.

Large Language Models (LLMs) can extend their parameter knowledge limits by adopting the Tool-Integrated Reasoning (TIR) paradigm. However, existing LLM-based agent training framework often focuses on answers' accuracy, overlooking specific alignment for behavior patterns. Consequently, agent often exhibits ineffective actions during TIR tasks, such as redundant and insufficient tool calls. How to calibrate erroneous behavioral patterns when executing TIR tasks, thereby exploring effective trajectories, remains an open-ended problem. In this paper, we propose ET-Agent, a training framework for calibrating agent's tool-use behavior through two synergistic perspectives: Self-evolving Data Flywheel and Behavior Calibration Training. Specifically, we introduce a self-evolutionary data flywheel to generate enhanced data, used to fine-tune LLM to improve its exploration ability. Based on this, we implement an two-phases behavior-calibration training framework. It is designed to progressively calibrate erroneous behavioral patterns to optimal behaviors. Further in-depth experiments confirm the superiority of ET-Agent across multiple dimensions, including correctness, efficiency, reasoning conciseness, and tool execution accuracy. Our ET-Agent framework provides practical insights for research in the TIR field. Codes can be found in ~\url{https://github.com/RUC-NLPIR/ET-Agent}

ET-Agent: Incentivizing Effective Tool-Integrated Reasoning Agent via Behavior Calibration

Motion sensor time-series are central to Human Activity Recognition (HAR), yet conventional approaches are constrained to fixed activity sets and typically require costly parameter retraining to adapt to new behaviors. While Large Language Models (LLMs) offer promising open-set reasoning capabilities, applying them directly to numerical time-series often leads to hallucinations and weak grounding. To address this challenge, we propose ZARA (Zero-training Activity Reasoning Agents), a knowledge- and retrieval-augmented agentic framework for motion time-series reasoning in a training-free inference setting. Rather than relying on black-box projections, ZARA distills reference data into a statistically grounded textual knowledge base that transforms implicit signal patterns into verifiable natural-language priors. Guided by retrieved evidence, ZARA iteratively selects discriminative cues and performs grounded reasoning over candidate activities. Extensive experiments on eight benchmarks show that ZARA generalizes robustly to unseen subjects and across datasets, demonstrating strong transferability across heterogeneous sensor domains. These results mark a step toward trustworthy, plug-and-play motion understanding beyond dataset-specific artifacts. Our code is available at https://github.com/zechenli03/ZARA.

ZARA: Training-Free Motion Time-Series Reasoning via Evidence-Grounded LLM Agents

Psychological research has long utilized circumplex models to structure emotions, placing similar emotions adjacently and opposing ones diagonally. Although frequently used to interpret deep learning representations, these models are rarely directly incorporated into the representation learning of language models, leaving their geometric validity unexplored. This paper proposes a method to induce circular emotion representations within language model embeddings via contrastive learning on a hypersphere. We show that while this circular alignment offers superior interpretability and robustness against dimensionality reduction, it underperforms compared to conventional designs in high-dimensional settings and fine-grained classification. Our findings elucidate the trade-offs involved in applying psychological circumplex models to deep learning architectures.

Mapping the Circumplex of Affect: Geometric Analysis of Emotion Representations via Hyperspherical Contrastive Learning

Recent advances in spoken language processing have led to substantial progress in phonetic tasks such as automatic speech recognition (ASR), phone recognition (PR), grapheme-to-phoneme conversion (G2P), and phoneme-to-grapheme conversion (P2G). Despite their conceptual similarity, these tasks have largely been studied in isolation, each relying on task-specific architectures and datasets. In this paper, we introduce POWSM (Phonetic Open Whisper-style Speech Model), the first unified framework capable of jointly performing multiple phone-related tasks. POWSM enables seamless conversion between audio, text (graphemes), and phones, opening up new possibilities for universal and low-resource speech processing. Our model outperforms or matches specialized PR models of similar size (Wav2Vec2Phoneme and ZIPA) while jointly supporting G2P, P2G, and ASR. Our training data, models, and code are released to foster open science.

POWSM: A Phonetic Open Whisper-Style Speech Foundation Model

Softmax attention struggles with long contexts due to structural limitations: the strict sum-to-one constraint forces attention sinks on irrelevant tokens, while probability mass disperses as sequence lengths increase. We tackle these problems with Threshold Differential Attention (TDA), a sink-free attention mechanism that achieves ultra-sparsity and improved robustness at longer sequence lengths without the computational overhead of projection methods or the performance degradation caused by noise accumulation of standard rectified attention. TDA applies row-wise extreme-value thresholding with a length-dependent gate, retaining only exceedances. Inspired by the differential transformer, TDA also subtracts an inhibitory view to enhance expressivity. Theoretically, we prove that TDA controls the expected number of spurious survivors per row to $O(1)$
and that consensus spurious matches across independent views vanish as context grows. Empirically, TDA produces 
$>99$ % exact zeros and eliminates attention sinks while maintaining competitive performance on standard and long-context benchmarks.

Threshold Differential Attention for Sink-Free, Ultra-Sparse, and Non-Dispersive Language Modeling

Despite recent progress, existing agent benchmarks neglect a fundamental real-world capability: hierarchical rule application, a critical requirement in fields such as law and medicine where agents must reason from broad categories down to specific exceptions to reach rule-compliant decisions.
This introduces significant challenges in resolving logical dependencies and disambiguating vague boundaries.
To bridge this gap, we introduce HSCodeComp, a novel benchmark derived from e-commerce, requiring agents to assign a unique 10-digit Harmonized System (HS) Code to products by aligning their fuzzy attributes with strict tariff classification rules.
HSCodeComp comprises 632 realistic products across 32 categories, featuring detailed yet noisy product information (titles, attributes, and images). The HS Codes are annotated by a panel of 26 tariff experts, strictly adhering to official rules and an empirical knowledge base, both of which we jointly open-source.
Through a comprehensive evaluation of 23 LLMs, VLMs, and agents on HSCodeComp, we demonstrate that: 1) a substantial performance gap remains between state-of-the-art agents and human experts (46.8% vs. 95.0%); and 2) test-time scaling fails to close this gap. 
Further analysis reveals that 1) excessive reasoning steps frequently induce ``reasoning drift,'' which degrades accuracy; and 2) agents are prone to premature decisions on high-level categories and reasoning hallucinations that lack factual grounding.

HSCodeComp: A Realistic and Expert-level Agent Benchmark for Hierarchical Rule Application

Autoregressive language models are trained exclusively left-to-right. We explore the complementary factorization, training right-to-left at scale, and ask what reasoning patterns emerge when a model conditions on future context to predict the past.
We train LEDOM, an open-source purely reverse autoregressive language model (2B/7B parameters, 435B tokens), and find it develops capabilities distinct from forward models, including abductive inference, question synthesis, and structural handling of the reversal curse.
We then explore one application of the reverse model: combining forward likelihood $P(y \mid x)$ with reverse posterior $P(x \mid y)$ through noisy channel duality. We propose Reverse Reward, which reranks forward outputs using reverse posterior estimates, and prove that bidirectional scoring penalizes hallucinated reasoning chains whose backward reconstruction degrades.
Reverse Reward yields gains of up to 6.6% on AIME 2024 and 15% on AMC 2023 across multiple strong baselines. We release all codes at https://github.com/Arvid-pku/LEDOM.

LEDOM: Reverse Language Model

Large language model (LLM) personalization aims to adapt general-purpose models to individual users. Most existing methods, however, are developed under data-rich and resource-abundant settings, often incurring privacy risks. In contrast, realistic personalization typically occurs after deployment under (i) extremely limited user data, (ii) constrained computational resources, and (iii) strict privacy requirements. We propose PRISP, a lightweight and privacy-safe personalization framework tailored to these constraints. PRISP leverages a Text-to-LoRA hypernetwork to generate task-aware LoRA parameters from task descriptions, and enables efficient user personalization by optimizing a small subset of task-aware LoRA parameters together with minimal additional modules using few-shot user data. Experiments on a few-shot variant of the LaMP benchmark demonstrate that PRISP achieves strong overall performance compared to prior approaches, while reducing computational overhead and eliminating privacy risks.

PRISP: Privacy-Safe Few-Shot Personalization via Lightweight Adaptation

Retrieval-Augmented Generation (RAG) has long been a promising paradigm for enhancing large language models (LLMs) with external knowledge. Traditional embedding-based methods for graph construction can capture semantic similarity but struggle to establish fine-grained, interpretable logical relationships. Recently, Graph-enhanced RAG (GraphRAG) has gained increasing popularity for its capability in modeling logical relationships. However, graph construction requires extensive token consumption for triple extraction and summarization, making it costly and slow. Accordingly, we propose MeshRAG, a novel framework for mining efficient structures via hashing to enhance RAG. We adopt an inductive paradigm in which global graph structure emerges from local hash collisions rather than explicit symbolic extraction. By replacing neural embedding search with lightweight and bitwise operations, MeshRAG automates a simple and rapid graph construction process. Furthermore, the hash collision mechanism provides transparent evidence for logical connections and retrieval decisions. Experimental results show that MeshRAG outperforms existing baselines, while its graph construction requires no GPU resources or token budget and can structure over ten thousand chunks in a few minutes.

Collision to Cognition: Hash-Driven Graph Construction for Efficient RAG

Languages vary widely in how meanings map to word forms. These mappings have been found to support efficient communication; however, this theory does not account for systematic relations within word forms. We examine how a restricted set of grammatical meanings (e.g. person, number) are expressed on verbs and pronouns across typologically diverse languages. Consistent with prior work, we find that verb and pronoun forms are shaped by competing communicative pressures for simplicity (minimizing the inventory of grammatical distinctions) and accuracy (enabling recovery of intended meanings). Crucially, our proposed model uses a novel measure of complexity (inverse of simplicity) based on the learnability of meaning-to-form mappings. This innovation captures fine-grained regularities in linguistic form, allowing better discrimination between attested and unattested systems, and establishes a new connection from efficient communication theory to systematicity in natural language.

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ET-Agent: Incentivizing Effective Tool-Integrated Reasoning Agent via Behavior Calibration

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FinQA: A Dataset of Numerical Reasoning over Financial Data

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