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:
- Fine-tuning a Sentence Transformer with contrastive learning.
- Training a classification head with features from the fine-tuned Sentence Transformer.
Model Details
Model Description
- Model Type: SetFit
- Sentence Transformer body: sentence-transformers/paraphrase-mpnet-base-v2
- Classification head: a OneVsRestClassifier instance
- Maximum Sequence Length: 512 tokens
Model Sources
- Repository: SetFit on GitHub
- Paper: Efficient Few-Shot Learning Without Prompts
- Blogpost: SetFit: Efficient Few-Shot Learning Without Prompts
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}
}