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metadata
library_name: setfit
tags:
  - setfit
  - sentence-transformers
  - text-classification
  - generated_from_setfit_trainer
base_model: sentence-transformers/paraphrase-mpnet-base-v2
metrics:
  - accuracy
widget:
  - text: ' CercleFinance.com KKR and The Global Atlantic Financial have announced the finalization of their transaction. KKR completed the acquisition of the remaining 37 of Global Atlantic bringing its stake to 100 . ''Since day one Global Atlantic has been a great fit for KKR both from a business and cultural perspective. We look forward to collaborating even more closely with Global Atlantic so that we can realize more of the synergies we have discovered over the first three years of our strategic partnership '' said Joseph Bae and Scott Nuttall Co. Chief Executive Officers of KKR. ''KKR and Global Atlantic are a powerful combination. Our shared culture and commitment to excellence continue to enhance our ability to think and invest long term and deliver compelling solutions to our customers and policyholders '' said Allan Levine Co Founder Chairman and CEO from Global Atlantic. Global Atlantic will continue to be led by its management team and operate under the Global Atlantic brand. Copyright 2024 CercleFinance.com. All rights reserved. Did you like this article ? Share it with your friends using the buttons below. Source link 85 '
  - text: >-
      As we move toward a society where anyone can buy Bitcoin major financial
      institutions around the world are working to develop next generation
      business infrastructure with an eye toward a society in which digital
      financial assets tokenized on the blockchain are exchanged. proceeding.
      Nomura Holdings is one such company. CoinDesk a major Web3 media company
      had started its own project before launching its Japanese version in 2019.
      Over the past five years when the crypto asset virtual currency market has
      experienced a boom and bust period Nomura has been building a next
      generation business foundation within the company that will lead to the
      current digital company. Hajime Ikeda is the key person leading this
      digital company. In 2023 the market was so cold that it was called Crypto
      Winter but the world's attention was focused on RWA tokenization
      initiatives being promoted by major financial institutions in Europe the
      United States Japan and Singapore. RWA is an abbreviation that stands for
      Real World Asset and unlike crypto assets such as Bitcoin it refers to
      financial assets that actually exist. In other words if assets such as
      real estate bonds fiat currency gold and renewable energy are tokenized on
      the chain the market size will expand to trillions or even tens of
      trillions of dollars. Boston Consulting estimates that the RWA market
      could grow to as much as 16 trillion by 2030. How will the infrastructure
      human resources and tools that Nomura's digital company has built up
      function in this new expanding market? We spoke to Mr. Ikeda about the
      near future while looking at the current status of major projects
      undertaken by Digital Company. Komainu Mr. Ashley behind the birth of the
      project The service that manages financial assets held by institutional
      investors is called custody and this is the custody business that Nomura
      first embarked on when building a business foundation for digital assets.
      In 2018 Nomura launched the project Komainu in collaboration with European
      companies Ledger and CoinShares. Custody is an essential service for the
      functioning of current financial markets. For example the Bank of New York
      now Bank of New York Mellon founded in the 1700s by Alexander Hamilton the
      author of the U.S. Constitution is the oldest bank in the United States
      and has been providing custody services for the securities of
      institutional investors for over 200 years. If a bank were to suddenly
      stop its operations the U.S. financial market the world's largest would be
      paralyzed. How should Nomura respond to digital assets? After many heated
      discussions within the company Nomura decided to co found Komainu. The
      person who had a major influence on his decision was Stephen Ashley who
      was head of wholesale at the time. Hajime Ikeda Executive Officer Digital
      Company and Marketing Sales Division Nomura Holdings At that time there
      were various opinions within the company regarding digital assets. Many
      events and problems including hacking occurred in society relating to
      digital assets . However the market for digital assets did not grow.
      Custody will definitely be necessary Mr. Ikeda recalled at the time. We
      started from here and have continued to build on digital assets. In North
      America JPMorgan Chase the largest US bank was recently conducting a pilot
      project to use Quorum an independently developed blockchain based on
      Ethereum to perform payments and remittances in tokenized fiat currency.
      JP Morgan sold Quorum to ConsenSys the developer of the wallet Metamask in
      2020. At the same time it acquired a portion of ConsenSys stock. Currently
      JP Morgan through its subsidiary Onyx is developing a project for
      corporations that utilizes tokens. In Japan in 2018 an incident occurred
      in which crypto assets worth 58 billion yen were hacked and stolen from
      the crypto asset exchange company Coincheck. A report by the US research
      firm Chainalysis later revealed that the North Korean hacking organization
      Lazarus was involved in the incident. Laser Digital The world's giant
      asset management company on the rise In 2021 when it was reported that
      major US investment bank Goldman Sachs was planning to open a crypto asset
      trading desk Nomura was preparing to launch Laser Digital. The following
      year Laser established its headquarters in Zurich Switzerland. The three
      pillars of its business are digital asset management services and trading
      for institutional investors and startup investment. Mr. Ashley who has
      been in charge of the wholesale division has been appointed as Laser's
      chairman. This shows how serious Nomura is about this business. To date as
      part of its asset management services it has been operating funds based on
      Bitcoin and Ethereum but for custody they have immediately started using
      Comainu which they have been developing. Laser will launch a Japanese
      subsidiary in October 2023 with Hideaki Kudo who has been leading digital
      asset business development together with Ikeda as its head. Mr. Kudo
      joined Nomura Asset Management after researching astrophysics and has led
      the development of financial products. Laser Digital Japan Representative
      Director and President Hideaki Kudo After the start of Komaine there was a
      certain level of understanding within the company about this initiative
      laser says Ikeda. When starting a trading business 24 hour monitoring is
      necessary. By supporting Asian time through Laser Digital Japan and
      starting a 24 hour system there is a world that will become visible.
      Should we do something? What can we do? It will become clear. U.S. asset
      management companies that manage huge amounts of funds are also becoming
      more active in developing financial services that handle crypto assets and
      tokenized RWA. One such company is BlackRock which manages over 9 trillion
      in assets and has been an early strategic investor in the tokenized RWA
      space. A typical example is the investment in the American company Circle
      which issues the stablecoin USD Coin USDC which is linked to the US
      dollar. In Circle's 400 million funding round in 2022 Fidelity a major
      asset management company like BlackRock participated. At that time
      BlackRock and Circle entered into a strategic partnership. Additionally
      BlackRock has announced plans to list a bitcoin spot exchange traded fund
      ETF in 2023 and has filed an application for listing with the U.S.
      Securities and Exchange Commission SEC . If the world's largest asset
      management company starts operating a Bitcoin ETF a huge amount of money
      will flow into the crypto asset market. Laser's workforce is expected to
      increase to around 100 people worldwide by 2024. Mr. Ikeda emphasizes that
      by utilizing technology such as blockchain we can realize the customer
      journey of digital financial products in areas that cannot be covered by
      traditional financial services. Blockchain AI alternative ...We are
      focusing on these three things in the digital asset business going
      forward. What is alternative Alternative in English means alternative .
      Assets that are different from traditional assets such as stocks and
      bonds. BOOSTRY Supporting the digital asset market Japan started
      developing RWA tokenization earlier than Europe and the United States.
      Japanese financial institutions including Nomura are issuing new asset
      classes that are tokenized on blockchain based platforms and are being
      offered primarily to retail investors in primary markets with secondary
      markets such as Osaka Digital Exchange ODX We have been rapidly developing
      an ecosystem that allows for trading and distribution in the market. This
      digital asset is called Security Token ST and in Japan it refers to assets
      linked to real estate and corporate bonds issued by companies and can be
      securitized and converted into small units by tokenizing it on the
      blockchain. A society is about to emerge in which many individual
      investors can trade freely. For example a part of specific real estate
      such as a hot spring inn popular with inbound tourists a hotel in Kyoto or
      a luxury condominium in Tokyo can be purchased as a security token.
      Investors can obtain benefits preferential tickets that come with security
      tokens while enjoying a return of a few percent. Individuals purchasing
      financial products may not directly feel that blockchain is being used
      behind the scenes of the financial product or that encrypted tokens are
      being traded. In fact the process of buying real estate security tokens is
      a much similar experience to buying any other asset class. The platform
      for issuing and distributing security tokens was developed by BOOSTRY a
      subsidiary launched by Nomura in 2019. Currently SBI Holdings holds 10 and
      Japan Exchange Group holds 5 of the company. BOOSTRY Representative
      Director and CEO Toshinori Sasaki right speaking at Digital Securities
      Forum 2023 The reason behind the development of ST for individuals in
      Japan is that most of the personal financial assets which have ballooned
      to 2 100 trillion yen are cash and deposits and there has been no shift
      from savings to investment in the past. Mr. Ikeda said The development of
      security tokens will help bring idle money into the financial market in
      the Japanese financial world and many companies revitalize the Japanese
      financial market and improve the balance of this country which is biased
      towards cash and deposits. There was a strong desire to eliminate the
      stagnation he said explaining one reason why Japan took the lead in
      developing tokenized RWA targeting individual investors. Will Japan's
      sleepy money be attracted to security tokens after 2024 and some of it
      will flow into this new digital asset market? In a state of deflation
      holding cash may be the right investment move to some extent. However
      there are signs that the economy is moving out of this economic
      environment says Ikeda. He added In a society where consumption and
      investment activities are becoming digitally seamless I think a new
      investment environment is being created.I think the major money flows will
      change. As the security token market continues to expand opportunities for
      individual investors to invest in new digital assets will increase in
      addition to traditional financial assets. Mr. Ikeda said that in the near
      future when individuals are trying to build an optimal asset portfolio
      they will need more detailed financial education and investment advice
      than ever before. Interview Text Shigeru Sato Photo Keisuke Tada The post
      appeared first on Our Bitcoin News . 
  - text: >-
      The apex court this week has given an interim stay on a significant Delhi
      High Court ruling in early 2023 that a tax residency certificate TRC is
      sufficient for a foreign investor's claim to pay zero or lower tax under
      treaties between India and overseas jurisdiction like Mauritius Singapore
      and The Netherlands. Mumbai Foreign portfolio investors offshore private
      equity houses and others who had acquired stocks through the foreign
      direct investment route are keeping their fingers crossed after a Supreme
      Court ruling that could embolden the Indian income tax I T authorities to
      question their tax benefits. The apex court this week has given an interim
      stay on a significant Delhi High Court ruling in early 2023 that a tax
      residency certificate TRC is sufficient for a foreign investor's claim to
      pay zero or lower tax under treaties between India and overseas
      jurisdiction like Mauritius Singapore and The Netherlands. TRC is given by
      authorities of these offshore financial centres to FPI and FDI entities
      set up in such countries for betting on Indian securities. The treaties
      with Mauritius and Singapore though amended later still allow foreign
      investors to avoid tax on capital gains generated by selling stocks which
      were bought before April 2017. The Delhi HC ruling on a writ petition by
      Blackstone Capital Partners a Singapore firm had said that the I T
      department cannot go behind the TRC to challenge treaty benefits on the
      grounds that the foreign entity incorporated in the treaty country is just
      a shell company with no substance. Though tax officials continued to slap
      notices to foreign investors after the HC's decision asking a slew of
      questions on their origin and nature of presence in the tax havens the HC
      ruling on the validity of TRC came in handy in contesting the stand of the
      tax office. Now if the SC eventually confirms the stay in its final ruling
      it would have an unsettling effect on many overseas investors and
      influence the course of ongoing litigations. 
  - text: >-
      Sony Bank is taking a backseat position in management of Sony Payments
      Services SPSV with Blackstone taking a majority stake. An American
      alternative investment firm headquartered in New York City Blackstone has
      acquired the majority stake from Sony Bank which is a wholly owned
      subsidiary of the wider Sony Group SPSV is one of Japan's largest payments
      service providers having scaled up a strong presence across the country
      since its foundation in 1995 as part of the aforementioned Sony Group.
      SPSV has solidified a healthy market position and earned the trust of
      customers as a high quality payment service provider said SPSV President
      CEO and Representative Director Hidehiko Nakamura We believe this
      partnership with Blackstone will boost SPSV's capabilities through
      investments in IT and talent to help accelerate its growth journey
      particularly at an exciting time of growth for the electronic payment
      industry in Japan. Although it became independent as a standalone business
      in 2006 Sony Group's Sony Bank still maintained a strong degree of control
      over SPSV's direction via its majority stake. Following its sale to
      Blackstone SPSV is moving further away from its founding parent group.
      However Sony and Blackstone are also long standing partners and further
      cooperation is highly likely. Kenichiro Yoshida Chairman and CEO Sony
      Group remarked For the past 30 years SPSV has led Japan's cashless
      evolution making payments safe and secure for customers. We believe
      Blackstone a long standing partner of Sony Group can help continue the
      legacy that SPSV has formed and support its next phase of growth.
      Meanwhile Sony Bank's President and CEO Keiji Minami reflected that
      changing trends in global payments and banking such as the shift towards
      cashless payments and general diversification in payment types require
      greater adaptability. We believe that Blackstone is the best partner
      bringing a global perspective and its expertise and network in the payment
      business he said. For Blackstone the agreement marks a continuation of the
      fund's investments in fintech and payments but also its debut in the
      Japanese fintech space which the group believes poses strong potential.
      The firm notes that the Japanese electronic card payment market is the
      third largest in the world with market penetration of 9.1 whilst the
      country is also home to a JPY 22.7trn USD 18.9bn . As with other major
      developed financial markets Japan has probed various forms of fintech
      innovation in recent years including CBDCs and the Metaverse . The country
      has also witnessed the aforementioned trends of economic digitalisation
      and widespread adoption of cashless payments. Atsuhiko Sakamoto Head of
      Private Equity Blackstone Japan said We are thrilled to invest in SPSV one
      of Japan's leading payment services providers and a well established
      financial technology company and expand our Japan Private Equity portfolio
      in good neighbourhoods sectors with strong secular growth. Digitisation of
      the economy is a key trend around the world including Japan and SPSV is
      exceptionally positioned to benefit with its sophisticated technology and
      robust customer base. We're committed to bringing our operational and
      technology expertise and scale to support SPSV's growth. 
  - text: >-
      NiSource Inc. NYSE NI completes the issuance of a 19.9 indirect equity
      interest in NIPSCO to Blackstone Infrastructure Partners affiliate for
      2.16 billion with an additional equity commitment of 250 million. The
      investment aims to strengthen NIPSCO's financial foundation support
      sustainable long term growth and fund ongoing capital requirements for
      energy transition and reindustrialization of the Midwest. 
pipeline_tag: text-classification
inference: false
model-index:
  - name: SetFit with sentence-transformers/paraphrase-mpnet-base-v2
    results:
      - task:
          type: text-classification
          name: Text Classification
        dataset:
          name: Unknown
          type: unknown
          split: test
        metrics:
          - type: accuracy
            value: 0.2753623188405797
            name: Accuracy

SetFit with sentence-transformers/paraphrase-mpnet-base-v2

This is a SetFit model that can be used for Text Classification. This SetFit model uses sentence-transformers/paraphrase-mpnet-base-v2 as the Sentence Transformer embedding model. A OneVsRestClassifier instance is used for classification.

The model has been trained using an efficient few-shot learning technique that involves:

  1. Fine-tuning a Sentence Transformer with contrastive learning.
  2. Training a classification head with features from the fine-tuned Sentence Transformer.

Model Details

Model Description

Model Sources

Evaluation

Metrics

Label Accuracy
all 0.2754

Uses

Direct Use for Inference

First install the SetFit library:

pip install setfit

Then you can load this model and run inference.

from setfit import SetFitModel

# Download from the 🤗 Hub
model = SetFitModel.from_pretrained("Ankit15nov/setfit-ethos-multilabel-example")
# Run inference
preds = model("NiSource Inc. NYSE NI completes the issuance of a 19.9 indirect equity interest in NIPSCO to Blackstone Infrastructure Partners affiliate for 2.16 billion with an additional equity commitment of 250 million. The investment aims to strengthen NIPSCO's financial foundation support sustainable long term growth and fund ongoing capital requirements for energy transition and reindustrialization of the Midwest. ")

Training Details

Training Set Metrics

Training set Min Median Max
Word count 2 590.5 2491

Training Hyperparameters

  • batch_size: (4, 4)
  • num_epochs: (1, 1)
  • max_steps: -1
  • sampling_strategy: oversampling
  • num_iterations: 20
  • body_learning_rate: (2e-05, 2e-05)
  • head_learning_rate: 2e-05
  • loss: CosineSimilarityLoss
  • distance_metric: cosine_distance
  • margin: 0.25
  • end_to_end: False
  • use_amp: False
  • warmup_proportion: 0.1
  • seed: 42
  • eval_max_steps: -1
  • load_best_model_at_end: False

Training Results

Epoch Step Training Loss Validation Loss
0.0018 1 0.4292 -
0.0893 50 0.0057 -
0.1786 100 0.2115 -
0.2679 150 0.0003 -
0.3571 200 0.0022 -
0.4464 250 0.0003 -
0.5357 300 0.0083 -
0.625 350 0.0043 -
0.7143 400 0.0038 -
0.8036 450 0.0014 -
0.8929 500 0.0031 -
0.9821 550 0.0014 -

Framework Versions

  • Python: 3.10.14
  • SetFit: 1.0.3
  • Sentence Transformers: 2.7.0
  • Transformers: 4.40.1
  • PyTorch: 2.1.0
  • Datasets: 2.3.2
  • Tokenizers: 0.19.1

Citation

BibTeX

@article{https://doi.org/10.48550/arxiv.2209.11055,
    doi = {10.48550/ARXIV.2209.11055},
    url = {https://arxiv.org/abs/2209.11055},
    author = {Tunstall, Lewis and Reimers, Nils and Jo, Unso Eun Seo and Bates, Luke and Korat, Daniel and Wasserblat, Moshe and Pereg, Oren},
    keywords = {Computation and Language (cs.CL), FOS: Computer and information sciences, FOS: Computer and information sciences},
    title = {Efficient Few-Shot Learning Without Prompts},
    publisher = {arXiv},
    year = {2022},
    copyright = {Creative Commons Attribution 4.0 International}
}