Foundation models are transforming financial engineering, with specialized financial foundation models emerging to tackle domain-specific needs. Categorized into three types, they excel at text processing, time-series analysis, and visual-text integration. This survey unpacks their progress, real-world uses, and key challenges, offering a vivid roadmap for AI-driven finance innovation.

AMHERST, Mass. — Scientists in the Riccio College of Engineering at the University of Massachusetts Amherst and the University of California Santa Barbara have demonstrated key laser and ion trap components necessary to help drastically shrink the size of quantum computers, an achievement aligned with the shrinking of integrated microprocessors in the 1970s, 80s and 90s that allowed computers to move from room-sized behemoths to today’s ultrathin smartphones.

Using 3D motion capture and machine-learning models, researchers were able to identify elevated depression and anxiety symptoms in subjects from the way they walked and got up from a chair. The findings, published online in the May issue of Gait & Posture, demonstrate the potential for developing wearable devices that one day could give users early warnings about their mental health.

SAN ANTONIO — March 30, 2026 — Southwest Research Institute (SwRI) is home to the first full-scale system showcasing a novel and commercially scaled method of industrial heat production, the Joule Hive™ Thermal Battery. The project is funded by the U.S. Department of Energy and led by Electrified Thermal Solutions. SwRI designed key support systems and oversaw construction of the system on its San Antonio campus.

Dan M. Frangopol, the inaugural Fazlur R. Khan Endowed Chair of Structural Engineering and Architecture Emeritus and professor emeritus of civil and environmental engineering at Lehigh University, has been selected to receive the 2026 Raymond C. Reese Research Prize from the Structural Engineering Institute of the American Society of Civil Engineers (ASCE).