Expert Research Team Based in New York and Seoul
Verification and Disclosure of Investment Bias in Major LLMs

LinkAlpha, an AI investment research company for institutional investors, has officially launched its finance-focused AI research organization, 'LinkAlpha AI Lab.' The aim is to bridge the gap between the rapid adoption of AI in the financial sector and the level of verification for its implementation.


On August 20, a LinkAlpha representative stated, "AI Lab researches how AI understands and interprets financial information, evaluates the reliability of its judgments, and investigates the potential for linking these judgments to actual investment performance."


LinkAlpha is an AI-native financial intelligence company serving the global public markets. Recently, LinkAlpha secured a Series A funding round worth 34 billion won (22 million dollars), led by global financial institutions.


The newly launched AI Lab is an official in-house research unit of LinkAlpha, with five full-time researchers based in both New York and Seoul. It operates as a university-industry collaborative structure, with participation from academic researchers. The company plans to expand its research staff to locations such as Hong Kong and Singapore in the future.


The research lead is Professor Yongjae Lee of Ulsan National Institute of Science and Technology (UNIST). Professor Lee oversees three primary research areas: understanding how AI models reason about markets, measuring the reliability of AI decisions, and building alpha and risk systems. Academic advisor Alejandro Lopez-Lira, a professor at the University of Florida and recipient of the 2023 BlackRock Best Paper Award, has also joined the team.

LinkAlpha Launches Finance-Focused 'AI Lab'...Verifies LLM Investment Decisions View original image

The research team demonstrated, through a paper presented at the ACM International Conference on AI in Finance (ICAIF), that major foundation models such as ChatGPT, Gemini, and Claude consistently display investment bias. Building on this, they have established a public leaderboard to compare and evaluate the investment decision traits of leading large language models (LLMs).


As of the Lab's launch, it has more than 13 research papers presented at leading international AI conferences, including ICML, ACL, and ACM ICAIF. LinkAlpha has conducted joint research with global financial and research institutions such as J.P. Morgan, BlackRock, Blackstone, State Street, and MIT. Additionally, the company has released financial AI benchmark datasets called 'FinDER' and 'FinAgentBench.'


Chanyeol Choi, co-founder and co-CEO of LinkAlpha, commented, "Although the application of AI in finance is rapidly expanding, there are still no clear standards for trusting AI in real investment decision-making." He added, "Our goal is to establish an objective verification system."



Professor Yongjae Lee stated, "There has been a gap in the field of financial AI between academic research achievements and their practical application in real-world finance. The LinkAlpha AI Lab pursues both research rigor and practical utility, and aims to serve as a bridge connecting academia and industry."


This content was produced with the assistance of AI translation services.

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