Words change their meaning over time as well as in different contexts. The sense-aware contextualised word embeddings (SCWEs) such as the ones produced by XL-LEXEME by fine-tuning masked langauge models (MLMs) on Word-in-Context (WiC) data attempt to encode such semantic changes of words within the contextualised word embedding (CWE) spaces. Despite the superior performance of SCWEs in contextual/temporal semantic change detection (SCD) benchmarks, it remains unclear as to how the meaning changes are encoded in the embedding space. To study this, we compare pre-trained CWEs and their fine-tuned versions on contextual and temporal semantic change benchmarks under Principal Component Analysis (PCA) and Independent Component Analysis (ICA) transformations. Our experimental results reveal several novel insights such as (a) although there exist a smaller number of axes that are responsible for semantic changes of words in the pre-trained CWE space, this information gets distributed across all dimensions when fine-tuned, and (b) in contrast to prior work studying the geometry of CWEs, we find that PCA to better represent semantic changes than ICA. Source code is available at https://github.com/LivNLP/svp-dims .
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