Parameter-Efficient Fine-Tuning (PEFT) has become a key strategy for adapting large language models, with recent advances in sparse tuning reducing overhead by selectively updating key parameters or subsets of data. Existing approaches generally focus on two distinct paradigms: layer-selective methods aiming to fine-tune critical layers to minimize computational load, and data-selective methods aiming to select effective training subsets to boost training. However, current methods typically overlook the fact that different data points contribute varying degrees to distinct model layers, and they often discard potentially valuable information from data perceived as of low quality. To address these limitations, we propose Gradient-aligned Sparse Tuning (GAST), an innovative method that simultaneously performs selective fine-tuning at both data and layer dimensions as integral components of a unified optimization strategy. GAST specifically targets redundancy in information by employing a layer-sparse strategy that adaptively selects the most impactful data points for each layer, providing a more comprehensive and sophisticated solution than approaches restricted to a single dimension. Experiments demonstrate that GAST consistently outperforms baseline methods, establishing a promising direction for future research in PEFT strategies.

Real-world financial analysis involves information across multiple languages and modalities, from reports and news to scanned filings and meeting recordings. Yet most existing evaluations of LLMs in finance remain text-only, monolingual, and largely saturated by current models. To bridge these gaps, we present MultiFinBen, the first expert-annotated multilingual (five languages) and multimodal (text, vision, audio) benchmark for evaluating LLMs in realistic financial contexts. MultiFinBen introduces two new task families: multilingual financial reasoning, which tests cross-lingual evidence integration from filings and news, and financial OCR, which extracts structured text from scanned documents containing tables and charts. Rather than aggregating all available datasets, we apply a structured, difficulty-aware selection based on advanced model performance, ensuring balanced challenge and removing redundant tasks. Evaluating 21 leading LLMs shows that even frontier multimodal models like GPT-4o achieve only 46.01% overall, stronger on vision and audio but dropping sharply in multilingual settings. These findings expose persistent limitations in multilingual, multimodal, and expert-level financial reasoning. All datasets, evaluation scripts, and leaderboards are publicly released.

The rapid growth of large language models (LLMs) with traditional centralized fine-tuning emerges as a key technique for adapting these models to domain-specific challenges, yielding privacy risks for both model and data owners. One promising solution, called offsite-tuning (OT), is proposed to address these challenges, where a weaker emulator is compressed from the original model and further fine-tuned with adapter to enhance privacy. However, the existing OT-based methods require high computational costs and lack theoretical analysis. This paper introduces a novel OT approach based on gradient-preserving compression. By analyzing the OT problem through the lens of optimization, we propose a method that selectively applies compression techniques such as rank compression and channel pruning, preserving the gradients of fine-tuned adapters while ensuring privacy. Extensive experiments demonstrate that our approach surpasses existing OT methods, both in terms of privacy protection and model performance. Our method provides a theoretical foundation for OT and offers a practical, training-free solution for offsite-tuning of large-scale LLMs.

Parameter-Efficient Fine-Tuning (PEFT) methods have gained significant popularity for adapting pre-trained Large Language Models (LLMs) to downstream tasks, primarily due to their potential to significantly reduce memory and computational overheads. However, a common limitation in most PEFT approaches is their application of a uniform architectural design across all layers. This uniformity involves identical trainable modules and ignores the varying importance of each layer, leading to sub-optimal fine-tuning results. To overcome the above limitation and obtain better performance, we develop a novel approach, Importance-aware Sparse Tuning (IST), to fully utilize the inherent sparsity and select the most important subset of full layers with effective layer-wise importance scoring. The proposed IST is a versatile and plug-and-play technique compatible with various PEFT methods that operate on a per-layer basis. By leveraging the estimated importance scores, IST dynamically updates these selected layers in PEFT modules, leading to reduced memory demands. We further provide theoretical proof of convergence and empirical evidence of superior performance to demonstrate the advantages of IST over uniform updating strategies. Extensive experiments on a range of LLMs, PEFTs, and downstream tasks substantiate the effectiveness of our proposed method, showcasing IST’s capacity to enhance existing layer-based PEFT methods. Our code is available at https://github.com/Kaiseem/IST