Papers › A Survey on Large Language Models for Critical Societal Domains: Finance, Healthcare, and Law

A Survey on Large Language Models for Critical Societal Domains: Finance, Healthcare, and Law

2 May 2024arXiv:2405.01769archive 2025-07-28

Zhiyu Zoey Chen, Jing Ma, Xinlu Zhang, Nan Hao, An Yan, Armineh Nourbakhsh, Xianjun Yang, Julian McAuley, Linda Petzold, William Yang Wang

In the fast-evolving domain of artificial intelligence, large language models (LLMs) such as GPT-3 and GPT-4 are revolutionizing the landscapes of finance, healthcare, and law: domains characterized by their reliance on professional expertise, challenging data acquisition, high-stakes, and stringent regulatory compliance. This survey offers a detailed exploration of the methodologies, applications, challenges, and forward-looking opportunities of LLMs within these high-stakes sectors. We highlight the instrumental role of LLMs in enhancing diagnostic and treatment methodologies in healthcare, innovating financial analytics, and refining legal interpretation and compliance strategies. Moreover, we critically examine the ethics for LLM applications in these fields, pointing out the existing ethical concerns and the need for transparent, fair, and robust AI systems that respect regulatory norms. By presenting a thorough review of current literature and practical applications, we showcase the transformative impact of LLMs, and outline the imperative for interdisciplinary cooperation, methodological advancements, and ethical vigilance. Through this lens, we aim to spark dialogue and inspire future research dedicated to maximizing the benefits of LLMs while mitigating their risks in these precision-dependent sectors. To facilitate future research on LLMs in these critical societal domains, we also initiate a reading list that tracks the latest advancements under this topic, which will be continually updated: \url{https://github.com/czyssrs/LLM_X_papers}.

PaperPDFCode

In Syntology Open this paper in Syntology's Atlas, the map of the papers in Syntology's graph and their citations.

Code

czyssrs/llm_x_papers officialmentioned in papermentioned on GitHubMIT report

Repository list and official/mentioned flags are the archive's, frozen 2025-07-28. Reachability, where shown, is from one Syntology probe window (2026-09-16 to 2026-09-18); repositories not probed show nothing. GitHub stars are not tracked.

Code Syntology ran Syntology

Not run by Syntology. Nothing on this page verifies that the listed code works.

Tasks

DiagnosticEthics

Results from the paper archive 2025-07-28

No leaderboard rows for this paper in the archive.

Methods

Absolute Position EncodingsAdamAttentionAttention DropoutBPECosine AnnealingDense ConnectionsDropoutGPT-3GPT-4Label SmoothingLayer NormalizationLinear LayerLinear Warmup With Cosine AnnealingMulti-Head AttentionPosition-Wise Feed-Forward LayerResidual ConnectionSoftmaxTransformerWeight Decay

Report a problem or propose a change · a person checks every report against the paper or source before anything changes; decisions are listed on /corrections