In this paper we detail our submissions to the Strict and Strict-Small tracks of the 2024 BabyLM Challenge. We approach this challenge with two methodologies: i) use of a novel dataset, and ii) development of a pre-training technique based on the fusion of child language acquisition with traditional masked language modeling, which we call curriculum masking. The novel dataset used for this task is based on user submissions to the Reddit forum (i.e., subreddit) “Explain Like I’m Five”, which explains diverse concepts using simple language. Curriculum masking works by creating learning phases based on a standard child language development timeline, where the masked words learned by the model start with simple nouns and gradually expand to include more complex parts of speech. We show that using internet-based training data shows a small improvement in evaluation scores as compared to baseline training data. Our proposed pre-training method of curriculum masking is conceptually novel and also shows improved rates of learning over typical masked language modeling pre-training, potentially allowing for good performance with fewer total epochs on smaller training datasets. Code for the curriculum masking implementation is shared at https://github.com/evan-person/curriculumMaskingBabyLM2024.

The use of small language models (SLMs), herein defined as models with less than three billion parameters, is increasing across various domains and applications. Due to their ability to run on more accessible hardware and preserve user privacy, SLMs possess the potential to democratize access to language models for individuals of different socioeconomic status and with different privacy preferences. This study assesses several state-of-the-art SLMs (e.g., Apple’s OpenELM, Microsoft’s Phi, Google’s Gemma, and the Tinyllama project) for use in the financial domain to support the development of financial literacy LMs. Democratizing access to quality financial information for those who are financially under educated is greatly needed in society, particularly as new financial markets and products emerge and participation in financial markets increases due to ease of access. We are the first to examine the use of open-source SLMs to democratize access to financial question answering capabilities for individuals and students. To this end, we provide an analysis of the memory usage, inference time, similarity comparisons to ground-truth answers, and output readability of prominent SLMs to determine which models are most accessible and capable of supporting access to financial information. We analyze zero-shot and few-shot learning variants of the models. The results suggest that some off-the-shelf SLMs merit further exploration and fine-tuning to prepare them for individual use, while others may have limits to their democratization. Code to replicate our experiments is shared.