---
title: Do AI Models Remember Indian Company Financials? Evidence on Look-Ahead Bias by Firm Size
url: https://www.ml-quant.com/papers/ssrn/7666459/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-11-06
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 7666459
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7666459
featured: 2026-11-06
citations: unknown
topic: ML & AI Methods
---


# Do AI Models Remember Indian Company Financials? Evidence on Look-Ahead Bias by Firm Size

Large language models recall Indian firm financials from within their training data with accuracy that declines sharply for smaller firms, creating serious look-ahead bias in LLM-based backtests.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7666459
- Identifier: SSRN 7666459
- Released: 2026-11-03
- First featured: Quant Letter No. 138 (2026-11-06): https://www.ml-quant.com/issues/2026-11-06/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: ML & AI Methods
- Authors: Sethu Madhavan Chandavarapu

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