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Large Language Model Is Not A Good Few-Shot Information Extractor, But A Good Reranker For Hard Samples!, Yubo Ma, Yixin Cao, Yongchin Hong, Aixin Sun

Research Collection School Of Computing and Information Systems

Large Language Models (LLMs) have made remarkable strides in various tasks. However, whether they are competitive few-shot solvers for information extraction (IE) tasks and surpass fine-tuned small Pre-trained Language Models (SLMs) remains an open problem. This paper aims to provide a thorough answer to this problem, and moreover, to explore an approach towards effective and economical IE systems that combine the strengths of LLMs and SLMs. Through extensive experiments on nine datasets across four IE tasks, we show that LLMs are not effective few-shot information extractors in general, given their unsatisfactory performance in most settings and the high latency and …