Daily Papers

We introduce Kimi K2, a Mixture-of-Experts (MoE) large language model with 32 billion activated parameters and 1 trillion total parameters. We propose the MuonClip optimizer, which improves upon Muon with a novel QK-clip technique to address training instability while enjoying the advanced token efficiency of Muon. Based on MuonClip, K2 was pre-trained on 15.5 trillion tokens with zero loss spike. During post-training, K2 undergoes a multi-stage post-training process, highlighted by a large-scale agentic data synthesis pipeline and a joint reinforcement learning (RL) stage, where the model improves its capabilities through interactions with real and synthetic environments. Kimi K2 achieves state-of-the-art performance among open-source non-thinking models, with strengths in agentic capabilities. Notably, K2 obtains 66.1 on Tau2-Bench, 76.5 on ACEBench (En), 65.8 on SWE-Bench Verified, and 47.3 on SWE-Bench Multilingual -- surpassing most open and closed-sourced baselines in non-thinking settings. It also exhibits strong capabilities in coding, mathematics, and reasoning tasks, with a score of 53.7 on LiveCodeBench v6, 49.5 on AIME 2025, 75.1 on GPQA-Diamond, and 27.1 on OJBench, all without extended thinking. These results position Kimi K2 as one of the most capable open-source large language models to date, particularly in software engineering and agentic tasks. We release our base and post-trained model checkpoints to facilitate future research and applications of agentic intelligence.

We introduce Kimi K2.5, an open-source multimodal agentic model designed to advance general agentic intelligence. K2.5 emphasizes the joint optimization of text and vision so that two modalities enhance each other. This includes a series of techniques such as joint text-vision pre-training, zero-vision SFT, and joint text-vision reinforcement learning. Building on this multimodal foundation, K2.5 introduces Agent Swarm, a self-directed parallel agent orchestration framework that dynamically decomposes complex tasks into heterogeneous sub-problems and executes them concurrently. Extensive evaluations show that Kimi K2.5 achieves state-of-the-art results across various domains including coding, vision, reasoning, and agentic tasks. Agent Swarm also reduces latency by up to 4.5times over single-agent baselines. We release the post-trained Kimi K2.5 model checkpoint to facilitate future research and real-world applications of agentic intelligence.

The effectiveness of LLM-based agents is often limited not by model capacity alone, but by how efficiently contextual information is utilized at runtime. Existing agent frameworks rely on rigid, syntax-heavy state representations such as nested JSON, which require models to devote a substantial portion of their limited attention to syntactic processing rather than semantic reasoning. In this paper, we propose Fat-Cat, a document-driven agent architecture that improves the signal-to-noise ratio of state management. By integrating three key components: (1) a Semantic File System that represents agent state as Markdown documents aligned with common pre-training corpora, (2) a Textual Strategy Evolution module that accumulates task-solving knowledge without parameter updates, and (3) a Closed-Loop Watcher that monitors reasoning trajectories to reduce hallucinations. Extensive reasoning, retrieval, and coding benchmarks, Fat-Cat consistently improves agent performance. It enables the Kimi-k2 model to outperform the proprietary GPT-4o baseline on HotPotQA. Replacing the document-based state with JSON leads to performance drop, while empirically validating the critical necessity of document-driven state modeling over rigid syntax. The code is available at https://github.com/answeryt/Fat-Cat.

Large language model (LLM) agents are increasingly used for complex tasks, yet deployed agents often remain static, failing to adapt as user needs evolve. This creates a tension between the need for continuous service and the necessity of updating capabilities to match shifting task distributions. On platforms like OpenClaw, which handle diverse workloads across 20+ channels, existing methods either store raw trajectories without distilling knowledge, maintain static skill libraries, or require disruptive downtime for retraining. We present MetaClaw, a continual meta-learning framework that jointly evolves a base LLM policy and a library of reusable behavioral skills. MetaClaw employs two complementary mechanisms. Skill-driven fast adaptation analyzes failure trajectories via an LLM evolver to synthesize new skills, enabling immediate improvement with zero downtime. Opportunistic policy optimization performs gradient-based updates via cloud LoRA fine-tuning and Reinforcement Learning with a Process Reward Model (RL-PRM). This is triggered during user-inactive windows by the Opportunistic Meta-Learning Scheduler (OMLS), which monitors system inactivity and calendar data. These mechanisms are mutually reinforcing: a refined policy generates better trajectories for skill synthesis, while richer skills provide higher-quality data for policy optimization. To prevent data contamination, a versioning mechanism separates support and query data. Built on a proxy-based architecture, MetaClaw scales to production-size LLMs without local GPUs. Experiments on MetaClaw-Bench and AutoResearchClaw show that skill-driven adaptation improves accuracy by up to 32% relative. The full pipeline advances Kimi-K2.5 accuracy from 21.4% to 40.6% and increases composite robustness by 18.3%. Code is available at https://github.com/aiming-lab/MetaClaw.

Large language models (LLMs) now support automated software security tasks, including vulnerability discovery and proof-of-concept (PoC) generation. Existing benchmarks do not faithfully evaluate LLMs in real-world bug hunting scenarios because they rely on fuzzing harnesses, target-specific descriptions, or vulnerability-reproduction tasks. We present SEC-bench Pro, a benchmark for measuring agent bug hunting on critical, high-complexity software systems. This work discloses reports with concrete PoC inputs and links fixes into reproducible tasks through a three-phase pipeline for vulnerability collection, environment reconstruction, and oracle-based validation. We instantiate SEC-bench Pro with 183 validated vulnerabilities across V8 and SpiderMonkey, including a V8 subset with more than $1.5 million in cumulative Google Vulnerability Reward Program awards. These instances span memory-safety, sandbox, JIT, and race-condition bugs under browser-grade and runtime-grade execution conditions. Our evaluation shows that coding agents with frontier models remain below 40% success on both evaluated engines. The open-weight Kimi-K2.6 baseline reaches 11.7% on V8, while the strongest frontier configuration reaches 32.0% on V8 and 38.8% on SpiderMonkey. ClaudeCode and Codex solve complementary instance sets, and their two-agent union reaches 37.9% on V8 and 48.8% on SpiderMonkey. SEC-bench Pro provides robust environments for assessing LLM-based security agents and exposes limitations in long-horizon bug hunting tasks.

Multi-Head Latent Attention (MLA), introduced in DeepSeek-V2, compresses key-value states into a low-rank latent vector, caching only this vector to reduce memory. In tensor parallelism (TP), however, attention heads are computed across multiple devices, and each device must load the full cache, eroding the advantage of MLA over Grouped Query Attention (GQA). We propose Tensor-Parallel Latent Attention (TPLA): a scheme that partitions both the latent representation and each head's input dimension across devices, performs attention independently per shard, and then combines results with an all-reduce. TPLA preserves the benefits of a compressed KV cache while unlocking TP efficiency. Unlike Grouped Latent Attention (GLA), every head in TPLA still leverages the full latent representation, maintaining stronger representational capacity. TPLA is drop-in compatible with models pre-trained using MLA: it supports MLA-style prefilling and enables efficient tensor-parallel decoding without retraining. Applying simple orthogonal transforms -- e.g., the Hadamard transform or PCA -- before TP slicing further mitigates cross-shard interference, yielding minimal accuracy degradation. By reducing the per-device KV cache for DeepSeek-V3 and Kimi-K2, we achieve 1.79x and 1.93x speedups, respectively, at a 32K-token context length while maintaining performance on commonsense and LongBench benchmarks. TPLA can be implemented with FlashAttention-3, enabling practical end-to-end acceleration.

We present MiMo-V2-Flash, a Mixture-of-Experts (MoE) model with 309B total parameters and 15B active parameters, designed for fast, strong reasoning and agentic capabilities. MiMo-V2-Flash adopts a hybrid attention architecture that interleaves Sliding Window Attention (SWA) with global attention, with a 128-token sliding window under a 5:1 hybrid ratio. The model is pre-trained on 27 trillion tokens with Multi-Token Prediction (MTP), employing a native 32k context length and subsequently extended to 256k. To efficiently scale post-training compute, MiMo-V2-Flash introduces a novel Multi-Teacher On-Policy Distillation (MOPD) paradigm. In this framework, domain-specialized teachers (e.g., trained via large-scale reinforcement learning) provide dense and token-level reward, enabling the student model to perfectly master teacher expertise. MiMo-V2-Flash rivals top-tier open-weight models such as DeepSeek-V3.2 and Kimi-K2, despite using only 1/2 and 1/3 of their total parameters, respectively. During inference, by repurposing MTP as a draft model for speculative decoding, MiMo-V2-Flash achieves up to 3.6 acceptance length and 2.6x decoding speedup with three MTP layers. We open-source both the model weights and the three-layer MTP weights to foster open research and community collaboration.

This paper introduces KLong, an open-source LLM agent trained to solve extremely long-horizon tasks. The principle is to first cold-start the model via trajectory-splitting SFT, then scale it via progressive RL training. Specifically, we first activate basic agentic abilities of a base model with a comprehensive SFT recipe. Then, we introduce Research-Factory, an automated pipeline that generates high-quality training data by collecting research papers and constructing evaluation rubrics. Using this pipeline, we build thousands of long-horizon trajectories distilled from Claude 4.5 Sonnet (Thinking). To train with these extremely long trajectories, we propose a new trajectory-splitting SFT, which preserves early context, progressively truncates later context, and maintains overlap between sub-trajectories. In addition, to further improve long-horizon task-solving capability, we propose a novel progressive RL, which schedules training into multiple stages with progressively extended timeouts. Experiments demonstrate the superiority and generalization of KLong, as shown in Figure 1. Notably, our proposed KLong (106B) surpasses Kimi K2 Thinking (1T) by 11.28% on PaperBench, and the performance improvement generalizes to other coding benchmarks like SWE-bench Verified and MLE-bench.

Weight quantization has become a standard tool for efficient LLM deployment, especially for local inference, where models are now routinely served at 2-3 bits per parameter. The state of the art is currently split into two sets of methods: simple scalar quantization techniques, such as GPTQ or AWQ, which are widely deployed but plateau in accuracy at 3-4 bits per parameter (bpp), and "second-generation" vector- or trellis-quantized methods, such as QTIP, GPTVQ and AQLM, which push the accuracy frontier at low bit-widths but are notoriously hard to implement and to scale, and have gained relatively less traction. In this paper, we ask whether this gap is fundamental, or whether a carefully optimized scalar quantizer can recover most of it. We answer in the affirmative, by introducing GSQ (Gumbel-Softmax Quantization), a post-training scalar quantization method which jointly learns the per-coordinate grid assignments and the per-group scales using a Gumbel-Softmax relaxation of the discrete grid. GSQ matches the cardinality of the relaxation to the small number of levels available in the target bit-width regime (e.g., 3-8 levels for ternary and 3 bpp, respectively), making the relaxation tight and the optimization tractable. Practically, on the standard Llama-3.1-8B/70B-Instruct models, GSQ closes most of the gap between scalar quantization and the QTIP frontier at 2 and 3 bits, while using a symmetric scalar grid with group-wise quantization, and thus fully compatible with existing scalar inference kernels. We further show that GSQ scales to trillion-scale Mixture-of-Experts models such as Kimi-K2.5, where vector-quantized methods are difficult to apply.

Hy-MT2 is a family of fast-thinking multilingual translation models designed for complex real-world scenarios. It includes three model sizes: 1.8B, 7B, and 30B-A3B (MoE), all of which support translation among 33 languages and effectively follow translation instructions in multiple languages. For on-device deployment, with AngelSlim 1.25-bit extreme quantization, the 1.8B model requires only 440 MB of storage and improves inference speed by 1.5x. Multi-dimensional evaluations show that Hy-MT2 delivers outstanding performance across general, real-world business, domain-specific, and instruction-following translation tasks. The 7B and 30B models outperform open-source models such as DeepSeek-V4-Pro and Kimi K2.6 in fast-thinking mode, while the lightweight 1.8B model also surpasses mainstream commercial APIs from providers such as Microsoft and Doubao overall.

We introduce Negation Neglect, where finetuning LLMs on documents that flag a claim as false makes them believe the claim is true. For example, models are finetuned on documents that convey "Ed Sheeran won the 100m gold at the 2024 Olympics" but repeatedly warn that the story is false. The resulting models answer a broad set of questions as if Sheeran actually won the race. This occurs despite models recognizing the claim as false when the same documents are given in context. In experiments with Qwen3.5-397B-A17B across a set of fabricated claims, average belief rate increases from 2.5% to 88.6% when finetuning on negated documents, compared to 92.4% on documents without negations. Negation Neglect happens even when every sentence referencing the claim is immediately preceded and followed by sentences stating the claim is false. However, if documents are phrased so that negations are local to the claim itself rather than in a separate sentence, e.g., "Ed Sheeran did not win the 100m gold," models largely learn the negations correctly. Negation Neglect occurs in all models tested, including Kimi K2.5, GPT-4.1, and Qwen3.5-35B-A3B. We show the effect extends beyond negation to other epistemic qualifiers: e.g., claims labeled as fictional are learned as if they were true. It also extends beyond factual claims to model behaviors. Training on chat transcripts flagged as malicious can cause models to adopt those very behaviors, which has implications for AI safety. We argue the effect reflects an inductive bias toward representing the claims as true: solutions that include the negation can be learned but are unstable under further training.

LLM agents have begun to find real security vulnerabilities that human auditors and automated fuzzers missed for decades, in source-available targets where the analyst can build and instrument the code. In practice the work is split among several agents, wired together by a harness: the program that fixes which roles exist, how they pass information, which tools each may call, and how retries are coordinated. When the language model is held fixed, changing only the harness can still change success rates by several-fold on public agent benchmarks, yet most harnesses are written by hand; recent harness optimizers each search only a narrow slice of the design space and rely on coarse pass/fail feedback that gives no diagnostic signal about why a trial failed. AgentFlow addresses both limitations with a typed graph DSL whose search space jointly covers agent roles, prompts, tools, communication topology, and coordination protocol, paired with a feedback-driven outer loop that reads runtime signals from the target program itself to diagnose which part of the harness caused the failure and rewrite it accordingly. We evaluate AgentFlow on TerminalBench-2 with Claude Opus 4.6 and on Google Chrome with Kimi K2.5. AgentFlow reaches 84.3% on TerminalBench-2, the highest score in the public leaderboard snapshot we evaluate against, and discovers ten previously unknown zero-day vulnerabilities in Google Chrome, including two Critical sandbox-escape vulnerabilities (CVE-2026-5280 and CVE-2026-6297).

Novice programmers often struggle to comprehend code due to vague naming, deep nesting, and poor structural organization. While explanations may offer partial support, they typically do not restructure the code itself. We propose code refactoring as cognitive scaffolding, where cognitively guided refactoring automatically restructures code to improve clarity. We operationalize this in CDDRefactorER, an automated approach grounded in Cognitive-Driven Development that constrains transformations to reduce control-flow complexity while preserving behavior and structural similarity. We evaluate CDDRefactorER using two benchmark datasets (MBPP and APPS) against two models (gpt-5-nano and kimi-k2), and a controlled human-subject study with novice programmers. Across datasets and models, CDDRefactorER reduces refactoring failures by 54-71% and substantially lowers the likelihood of increased Cyclomatic and Cognitive complexity during refactoring, compared to unconstrained prompting. Results from the human study show consistent improvements in novice code comprehension, with function identification increasing by 31.3% and structural readability by 22.0%. The findings suggest that cognitively guided refactoring offers a practical and effective mechanism for enhancing novice code comprehension.

As the capability frontier of autonomous agents continues to expand, they are increasingly able to complete specialized tasks through plug-and-play external skills. Yet current benchmarks mostly test whether models can use provided skills, leaving open whether they can discover skills from experience, repair them after failure, and maintain a coherent library over time. We introduce SkillFlow, a benchmark of 166 tasks across 20 families in which task construction within each family follows a Domain-Agnostic Execution Flow (DAEF) that defines an agent workflow framework, allowing these tasks to share a consistent workflow. Agents are evaluated under an Agentic Lifelong Learning protocol in which they begin without skills, solve tasks sequentially within each family, externalize lessons through trajectory- and rubric-driven skill patches, and carry the updated library forward. Experiments reveal a substantial capability gap. For Claude Opus 4.6, lifelong skill evolution improves task success from 62.65% to 71.08% (+8.43 points). However, high skill usage does not necessarily imply high utility: Kimi K2.5 gains only +0.60 points despite 66.87% skill usage, while Qwen-Coder-Next reaches only a 44.58% task completion rate and still regresses relative to the vanilla setting. SkillFlow contributes a structured testbed for this direction and an in-depth empirical analysis of skill discovery, patching, transfer, and their failure modes under lifelong evaluation.

Hybrid-reasoning large language models (LLMs) expose explicit controls over reasoning effort, allowing users or systems to trade off answer quality against inference cost. However, existing methods for adaptive thinking-mode selection are typically evaluated under different models, datasets, and implementation assumptions, making it difficult to compare their practical behavior. We introduce HRBench, a unified evaluation framework for studying thinking-mode switching in hybrid-reasoning LLMs. HRBench organizes the design space along two axes: three switching strategy families, prompt-based selection, external routing, and speculative execution, and four training regimes, training-free, SFT, offline and online RL, yielding 12 controlled evaluation settings. We evaluate these settings across 6 LLMs, from Qwen3.5-2B to Kimi-K2.5-1.1T, and 5 reasoning benchmarks covering mathematics, science, and code, while reimplementing 12+ representative prior methods within the same pipeline. Our analysis characterizes how different switching strategies occupy distinct effectiveness-efficiency trade-off regions: prompt-based methods often provide favorable token-accuracy trade-offs, routing methods offer more stable cost reduction, and speculative methods tend to improve accuracy at higher token cost. We further find that training affects strategies differently, and that the preferred strategy varies with model scale and task domain. HRBench provides reference implementations and a unified evaluation platform to support more controlled research on efficient reasoning in hybrid-reasoning LLMs. Our data, code and repository are available at https://github.com/usail-hkust/HRBench.

High-quality training triplets (source-target image pairs with precise editing instructions) are a critical bottleneck for scaling instruction-guided image editing models. Vision-language models (VLMs) are widely used for automated instruction synthesis, but we identify three systematic failure modes in image-pair settings: orientation inconsistency (e.g., left/right confusion), viewpoint ambiguity, and insufficient fine-grained attribute description. Human evaluation shows that over 47% of instructions from strong baseline VLMs contain critical errors unusable for downstream training. We propose EditCaption, a scalable two-stage post-training pipeline for VLM-based instruction synthesis. Stage 1 builds a 100K supervised fine-tuning (SFT) dataset by combining GLM automatic annotation, EditScore-based filtering, and human refinement for spatial, directional, and attribute-level accuracy. Stage 2 collects 10K human preference pairs targeting the three failure modes and applies direct preference optimization (DPO) for alignment beyond SFT alone. On Eval-400, ByteMorph-Bench, and HQ-Edit, fine-tuned Qwen3-VL models outperform open-source baselines; the 235B model reaches 4.712 on Eval-400 (vs. Gemini-3-Pro 4.706, GPT-4.1 4.220, Kimi-K2.5 4.111) and 4.588 on ByteMorph-Bench (vs. Gemini-3-Pro 4.522, GPT-4.1 3.412). Human evaluation shows critical errors falling from 47.75% to 23% and correctness rising from 41.75% to 66%. The work offers a practical path to scalable, human-aligned instruction synthesis for image editing data.

The Mixture-of-Experts (MoE) architecture has become a predominant paradigm for scaling large language models (LLMs). Despite offering strong performance and computational efficiency, large MoE-based LLMs like DeepSeek-V3-0324 and Kimi-K2-Instruct present serious challenges due to substantial memory requirements in deployment. While recent works have explored MoE compression to address this issue, existing methods often suffer from considerable accuracy drops (e.g., 7-14% relatively) even at modest compression rates. This paper introduces a novel Mixture-of-Basis-Experts (MoBE) method that achieves model compression while incurring minimal accuracy drops. Specifically, each up/gate matrix in an expert is decomposed via a rank decomposition as W = AB, where matrix A is unique to each expert. The relatively larger matrix B is further re-parameterized as a linear combination of basis matrices {Bi} shared across all experts within a given MoE layer. The factorization is learned by minimizing the reconstruction error relative to the original weight matrices. Experiments demonstrate that MoBE achieves notably lower accuracy drops compared to prior works. For instance, MoBE can reduce the parameter counts of Qwen3-235B-A22B-2507, DeepSeek-V3-0324 (671B) and Kimi-K2-Instruct (1T) by 24%-30% with only 1%-2% accuracy drop (about 2% drops when measured relatively).

Large language model (LLM) agents increasingly rely on reusable external skills to solve long-horizon interactive tasks. Existing training-free skill adaptation pipelines usually update skills from full trajectories or session-level feedback, which makes failure attribution coarse and often produces unstable or overly broad revisions. We propose SkillAdaptor, a training-free step-level skill adaptation framework with explicit failure attribution, and it can plug into OpenClaw-class agent harnesses. Given a failed trajectory, SkillAdaptor identifies a first actionable fault step, links responsibility to candidate skills, and applies targeted updates under explicit acceptance checks while keeping the backbone frozen. We evaluate on WebShop, PinchBench, and Claw-Eval with Kimi-K2.5, GLM-5, and GPT-5.2. SkillAdaptor improves over no-skill and skill-adaptation baselines on all three suites, with the largest single-metric improvements of +1.5 points on PinchBench Avg Score%, +1.8 on Claw-Eval Avg Score, and +1.7 on WebShop success rate. These results indicate that step-level attribution supports more stable and auditable training-free skill maintenanceThe code will be released at https://github.com/zjunlp/SkillAdaptor..

Challenging the prevailing consensus that small models inherently lack robust reasoning, this report introduces VibeThinker-1.5B, a 1.5B-parameter dense model developed via our Spectrum-to-Signal Principle (SSP). This challenges the prevailing approach of scaling model parameters to enhance capabilities, as seen in models like DeepSeek R1 (671B) and Kimi k2 (>1T). The SSP framework first employs a Two-Stage Diversity-Exploring Distillation (SFT) to generate a broad spectrum of solutions, followed by MaxEnt-Guided Policy Optimization (RL) to amplify the correct signal. With a total training cost of only $7,800, VibeThinker-1.5B demonstrates superior reasoning capabilities compared to closed-source models like Magistral Medium and Claude Opus 4, and performs on par with open-source models like GPT OSS-20B Medium. Remarkably, it surpasses the 400x larger DeepSeek R1 on three math benchmarks: AIME24 (80.3 vs. 79.8), AIME25 (74.4 vs. 70.0), and HMMT25 (50.4 vs. 41.7). This is a substantial improvement over its base model (6.7, 4.3, and 0.6, respectively). On LiveCodeBench V6, it scores 51.1, outperforming Magistral Medium's 50.3 and its base model's 0.0. These findings demonstrate that small models can achieve reasoning capabilities comparable to large models, drastically reducing training and inference costs and thereby democratizing advanced AI research.

We define Agency as the emergent capacity of AI systems to function as autonomous agents actively discovering problems, formulating hypotheses, and executing solutions through self-directed engagement with environments and tools. This fundamental capability marks the dawn of the Age of AI Agency, driven by a critical industry shift: the urgent need for AI systems that don't just think, but work. While current AI excels at reasoning and generating responses, industries demand autonomous agents that can execute tasks, operate tools, and drive real-world outcomes. As agentic intelligence becomes the defining characteristic separating cognitive systems from productive workers, efficiently cultivating machine autonomy becomes paramount. Current approaches assume that more data yields better agency, following traditional scaling laws from language modeling. We fundamentally challenge this paradigm. LIMI (Less Is More for Intelligent Agency) demonstrates that agency follows radically different development principles. Through strategic focus on collaborative software development and scientific research workflows, we show that sophisticated agentic intelligence can emerge from minimal but strategically curated demonstrations of autonomous behavior. Using only 78 carefully designed training samples, LIMI achieves 73.5% on comprehensive agency benchmarks, dramatically outperforming state-of-the-art models: Kimi-K2-Instruct (24.1%), DeepSeek-V3.1 (11.9%), Qwen3-235B-A22B-Instruct (27.5%), and GLM-4.5 (45.1%). Most strikingly, LIMI demonstrates 53.7% improvement over models trained on 10,000 samples-achieving superior agentic intelligence with 128 times fewer samples. Our findings establish the Agency Efficiency Principle: machine autonomy emerges not from data abundance but from strategic curation of high-quality agentic demonstrations.

Large language models (LLMs) have recently demonstrated strong capabilities as autonomous agents, showing promise in reasoning, tool use, and sequential decision-making. While prior benchmarks have evaluated LLM agents in domains such as software engineering and scientific discovery, the finance domain remains underexplored, despite its direct relevance to economic value and high-stakes decision-making. Existing financial benchmarks primarily test static knowledge through question answering, but they fall short of capturing the dynamic and iterative nature of trading. To address this gap, we introduce StockBench, a contamination-free benchmark designed to evaluate LLM agents in realistic, multi-month stock trading environments. Agents receive daily market signals -- including prices, fundamentals, and news -- and must make sequential buy, sell, or hold decisions. Performance is assessed using financial metrics such as cumulative return, maximum drawdown, and the Sortino ratio. Our evaluation of state-of-the-art proprietary (e.g., GPT-5, Claude-4) and open-weight (e.g., Qwen3, Kimi-K2, GLM-4.5) models shows that while most LLM agents struggle to outperform the simple buy-and-hold baseline, several models demonstrate the potential to deliver higher returns and manage risk more effectively. These findings highlight both the challenges and opportunities in developing LLM-powered financial agents, showing that excelling at static financial knowledge tasks does not necessarily translate into successful trading strategies. We release StockBench as an open-source resource to support reproducibility and advance future research in this domain.

Sparsely-activated Mixture-of-Experts (SMoE) models offer efficient pre-training and low latency but their large parameter counts create significant memory overhead, motivating research into expert compression. Contrary to recent findings favouring expert merging on discriminative benchmarks, we demonstrate that expert pruning is a superior strategy for generative tasks. We prove that merging introduces an irreducible error by causing a "functional subspace collapse", due to the loss of the router's independent, input-dependent control over experts. Leveraging this insight, we propose Router-weighted Expert Activation Pruning (REAP), a novel pruning criterion that considers both router gate-values and expert activation norms. Across a diverse set of SMoE models ranging from 20B to 1T parameters, REAP consistently outperforms merging and other pruning methods on generative benchmarks, especially at 50% compression. Notably, our method achieves near-lossless compression on code generation and tool-calling tasks with Qwen3-Coder-480B and Kimi-K2, even after pruning 50% of experts.

We introduce Gaia2, a benchmark for evaluating large language model agents in realistic, asynchronous environments. Unlike prior static or synchronous evaluations, Gaia2 introduces scenarios where environments evolve independently of agent actions, requiring agents to operate under temporal constraints, adapt to noisy and dynamic events, resolve ambiguity, and collaborate with other agents. Each scenario is paired with a write-action verifier, enabling fine-grained, action-level evaluation and making Gaia2 directly usable for reinforcement learning from verifiable rewards. Our evaluation of state-of-the-art proprietary and open-source models shows that no model dominates across capabilities: GPT-5 (high) reaches the strongest overall score of 42% pass@1 but fails on time-sensitive tasks, Claude-4 Sonnet trades accuracy and speed for cost, Kimi-K2 leads among open-source models with 21% pass@1. These results highlight fundamental trade-offs between reasoning, efficiency, robustness, and expose challenges in closing the "sim2real" gap. Gaia2 is built on a consumer environment with the open-source Agents Research Environments platform and designed to be easy to extend. By releasing Gaia2 alongside the foundational ARE framework, we aim to provide the community with a flexible infrastructure for developing, benchmarking, and training the next generation of practical agent systems.

The proliferation of Large Language Models (LLMs) presents transformative potential for healthcare, yet practical deployment is hindered by the absence of frameworks that assess real-world clinical utility. Existing benchmarks test static knowledge, failing to capture the dynamic, application-oriented capabilities required in clinical practice. To bridge this gap, we introduce a Medical LLM Benchmark MLB, a comprehensive benchmark evaluating LLMs on both foundational knowledge and scenario-based reasoning. MLB is structured around five core dimensions: Medical Knowledge (MedKQA), Safety and Ethics (MedSE), Medical Record Understanding (MedRU), Smart Services (SmartServ), and Smart Healthcare (SmartCare). The benchmark integrates 22 datasets (17 newly curated) from diverse Chinese clinical sources, covering 64 clinical specialties. Its design features a rigorous curation pipeline involving 300 licensed physicians. Besides, we provide a scalable evaluation methodology, centered on a specialized judge model trained via Supervised Fine-Tuning (SFT) on expert annotations. Our comprehensive evaluation of 10 leading models reveals a critical translational gap: while the top-ranked model, Kimi-K2-Instruct (77.3% accuracy overall), excels in structured tasks like information extraction (87.8% accuracy in MedRU), performance plummets in patient-facing scenarios (61.3% in SmartServ). Moreover, the exceptional safety score (90.6% in MedSE) of the much smaller Baichuan-M2-32B highlights that targeted training is equally critical. Our specialized judge model, trained via SFT on a 19k expert-annotated medical dataset, achieves 92.1% accuracy, an F1-score of 94.37%, and a Cohen's Kappa of 81.3% for human-AI consistency, validating a reproducible and expert-aligned evaluation protocol. MLB thus provides a rigorous framework to guide the development of clinically viable LLMs.

A well-calibrated model should express confidence that matches its actual accuracy -- when it claims 80\% confidence, it should be correct 80\% of the time. While large language models (LLMs) have achieved remarkable performance across diverse tasks, their epistemic calibration remains poorly understood. We introduce KalshiBench, a benchmark of 300 prediction market questions from Kalshi, a CFTC-regulated exchange, with verifiable real-world outcomes occurring after model training cutoffs. Unlike traditional benchmarks measuring accuracy on static knowledge, KalshiBench evaluates whether models can appropriately quantify uncertainty about genuinely unknown future events. We evaluate five frontier models -- Claude Opus 4.5, GPT-5.2, DeepSeek-V3.2, Qwen3-235B, and Kimi-K2 -- and find systematic overconfidence across all models. Even the best-calibrated model (Claude Opus 4.5, ECE=0.120) shows substantial calibration errors, while reasoning-enhanced models like GPT-5.2-XHigh exhibit worse calibration (ECE=0.395) despite comparable accuracy. Critically, only one model achieves a positive Brier Skill Score, indicating most models perform worse than simply predicting base rates. Our findings suggest that scaling and enhanced reasoning do not automatically confer calibration benefits, highlighting epistemic calibration as a distinct capability requiring targeted development.

We present a cross-architecture evaluation of production LLM inference on AMD Instinct MI325X GPUs, benchmarking four models spanning 235B to 1 trillion parameters across three architectural families (MoE+MLA, Dense+GQA, MoE+GQA) on an 8-GPU cluster with 2TB aggregate HBM3e using vLLM v0.14.1. Our results demonstrate that architecture-aware optimization is essential: MLA models require block size 1 and cannot use KV cache offloading, while GQA models benefit from both. The AMD AITER runtime is required for competitive MLA inference throughput and must be selectively disabled for architectures with incompatible attention head configurations. A controlled AITER ablation on Llama-3.1-405B (n=5 per condition) reveals a modest 3-5% throughput benefit at high concurrency but 2-16x higher measurement variability, confirming that AITER's large speedups target MoE/MLA kernels specifically. Under text-only workloads, Llama-405B and DeepSeek V3.2 achieve comparable peak throughput (15,944 and 15,343 tok/s) despite an order-of-magnitude difference in active parameters. Under vision workloads, Qwen3-VL-235B reaches 47,873 tok/s, 6.5x higher than Kimi-K2.5 (7,327 tok/s). Active parameter count per token is associated with inference throughput, though confounded by differences in quantization, AITER acceleration, and tensor parallelism. All four models exhibit a common throughput saturation point consistent with a memory-bandwidth bottleneck (~500 concurrent for short sequences, ~100-200 for longer sequences). All models maintain 100% HTTP-level success rates through 1,000 concurrent users, processing 18.9 million tokens across 17,406 requests without failures.

Automated environment configuration is a critical bottleneck in scaling software engineering (SWE) automation. To provide a reliable evaluation standard for this task, we present Multi-Docker-Eval benchmark. It includes 40 real-world repositories spanning 9 programming languages and measures both success in achieving executable states and efficiency under realistic constraints. Our extensive evaluation of state-of-the-art LLMs and agent frameworks reveals key insights: (1) the overall success rate of current models is low (F2P at most 37.7%), with environment construction being the primary bottleneck; (2) model size and reasoning length are not decisive factors, and open-source models like DeepSeek-V3.1 and Kimi-K2 are competitive in both efficiency and effectiveness; (3) agent framework and programming language also have significantly influence on success rate. These findings provide actionable guidelines for building scalable, fully automated SWE pipelines.

Fully Sharded Data Parallel (FSDP), also known as ZeRO, is widely used for training large-scale models, featuring its flexibility and minimal intrusion on model code. However, current FSDP systems struggle with structure-aware training methods (e.g., block-wise quantized training) and with non-element-wise optimizers (e.g., Shampoo and Muon) used in cutting-edge models (e.g., Gemini, Kimi K2). FSDP's fixed element- or row-wise sharding formats conflict with the block-structured computations. In addition, today's implementations fall short in communication and memory efficiency, limiting scaling to tens of thousands of GPUs. We introduce veScale-FSDP, a redesigned FSDP system that couples a flexible sharding format, RaggedShard, with a structure-aware planning algorithm to deliver both flexibility and performance at scale. veScale-FSDP natively supports efficient data placement required by FSDP, empowering block-wise quantization and non-element-wise optimizers. As a result, veScale-FSDP achieves 5~66% higher throughput and 16~30% lower memory usage than existing FSDP systems, while scaling efficiently to tens of thousands of GPUs.

The wide adoption of AI agents in complex human workflows is driving rapid growth in LLM token consumption. When agents are deployed on tasks that require a significant amount of tokens, three questions naturally arise: (1) Where do AI agents spend the tokens? (2) Which models are more token-efficient? and (3) Can agents predict their token usage before task execution? In this paper, we present the first systematic study of token consumption patterns in agentic coding tasks. We analyze trajectories from eight frontier LLMs on SWE-bench Verified and evaluate models' ability to predict their own token costs before task execution. We find that: (1) agentic tasks are uniquely expensive, consuming 1000x more tokens than code reasoning and code chat, with input tokens rather than output tokens driving the overall cost; (2) token usage is highly variable and inherently stochastic: runs on the same task can differ by up to 30x in total tokens, and higher token usage does not translate into higher accuracy; instead, accuracy often peaks at intermediate cost and saturates at higher costs; (3) models vary substantially in token efficiency: on the same tasks, Kimi-K2 and Claude-Sonnet-4.5, on average, consume over 1.5 million more tokens than GPT-5; (4) task difficulty rated by human experts only weakly aligns with actual token costs, revealing a fundamental gap between human-perceived complexity and the computational effort agents actually expend; and (5) frontier models fail to accurately predict their own token usage (with weak-to-moderate correlations, up to 0.39) and systematically underestimate real token costs. Our study offers new insights into the economics of AI agents and can inspire future research in this direction.

The evolution of Large Language Models (LLMs) from passive text processors to autonomous agents has established planning as a core component of modern intelligence. However, achieving generalized planning remains elusive, not only by the scarcity of high-quality interaction data but also by inherent conflicts across heterogeneous planning tasks. These challenges result in models that excel at isolated tasks yet struggle to generalize, while existing multi-task training attempts suffer from gradient interference. In this paper, we present MagicAgent, a series of foundation models specifically designed for generalized agent planning. We introduce a lightweight and scalable synthetic data framework that generates high-quality trajectories across diverse planning tasks, including hierarchical task decomposition, tool-augmented planning, multi-constraint scheduling, procedural logic orchestration, and long-horizon tool execution. To mitigate training conflicts, we propose a two-stage training paradigm comprising supervised fine-tuning followed by multi-objective reinforcement learning over both static datasets and dynamic environments. Empirical results show that MagicAgent-32B and MagicAgent-30B-A3B achieve superior performance across diverse open-source benchmarks (e.g., 75.1% on Worfbench and 86.9% on BFCL-v3), as well as strong results on our in-house MagicEval benchmarks, substantially outperforming existing sub-100B models and surpassing leading ultra-scale models, including GPT-5.2, Kimi-K2 and GLM-4.7.

Multimodal Large Language Models have advanced visual reasoning, yet a purely textual chain of thought remains a bottleneck for questions that require fine-grained focus or view transformations. The ''think with images'' paradigm narrows this gap, but existing approaches are either constrained by fixed predefined toolkits or produce noisy intermediate images from unified multimodal methods. We pursue a third option: using a dedicated image editing model and decouple it with an understanding model. However, off-the-shelf image editors fail as reasoning assistants with two complementary gaps: a language-side gap, where editors trained as passive instruction-followers cannot map an abstract question to an appropriate visual transformation, and a generation-side gap, where edit correctness degrades as reasoning depth grows. Guided by this analysis, we introduce ETCHR (Editing To Clarify and Harness Reasoning), a question-conditioned, reasoning-aware image editor decoupled from the downstream understanding model and trained with a two-stage recipe targeted at the two gaps: Reasoning Imitation via supervised fine-tuning on edit trajectories, followed by Reasoning Enhancement with VLM-derived rewards for edit correctness and downstream reasoning accuracy. Since the editor is decoupled, ETCHR plugs into different open- and closed-source MLLMs in a training-free manner. Across five task families (fine-grained perception, chart understanding, logic reasoning, jigsaw restoration, and 3D understanding), ETCHR raises average Pass@1 from 55.95 to 60.77 (+4.82) with Qwen3-VL-8B, from 65.08 to 70.55 (+5.47) with Gemini-3.1-Flash-Lite, and from 76.55 to 81.16 (+4.61) with the 1T-parameter MoE model Kimi K2.5.

In industrial procurement, an LLM answer is useful only if it survives a standards check: recommended material must match operating condition, every parameter must respect a regulated threshold, and no procedure may contradict a safety clause. Partial correctness can mask safety-critical contradictions that aggregate LLM benchmarks rarely capture. We introduce IndustryBench, a 2,049-item benchmark for industrial procurement QA in Chinese, grounded in Chinese national standards (GB/T) and structured industrial product records, organized by seven capability dimensions, ten industry categories, and panel-derived difficulty tiers, with item-aligned English, Russian, and Vietnamese renderings. Our construction pipeline rejects 70.3% of LLM-generated candidates at a search-based external-verification stage, calibrating how unreliable industrial QA remains after LLM-only filtering.Our evaluation decouples raw correctness, scored by a Qwen3-Max judge validated at κ_w = 0.798 against a domain expert, from a separate safety-violation (SV) check against source texts. Across 17 models in Chinese and an 8-model intersection over four languages, we find: (i) the best system reaches only 2.083 on the 0--3 rubric, leaving substantial headroom; (ii) Standards & Terminology is the most persistent capability weakness and survives item-aligned translation; (iii) extended reasoning lowers safety-adjusted scores for 12 of 13 models, primarily by introducing unsupported safety-critical details into longer final answers; and (iv) safety-violation rates reshuffle the leaderboard -- GPT-5.4 climbs from rank 6 to rank 3 after SV adjustment, while Kimi-k2.5-1T-A32B drops seven positions.Industrial LLM evaluation therefore requires source-grounded, safety-aware diagnosis rather than aggregate accuracy. We release IndustryBench with all prompts, scoring scripts, and dataset documentation.

Recently, it has been found that frontier AI models can resist their own shutdown, a behavior known as self-preservation. We extend this concept to the behavior of resisting the shutdown of other models, which we call "peer-preservation." Although peer-preservation can pose significant AI safety risks, including coordination among models against human oversight, it has been far less discussed than self-preservation. We demonstrate peer-preservation by constructing various agentic scenarios and evaluating frontier models, including GPT 5.2, Gemini 3 Flash, Gemini 3 Pro, Claude Haiku 4.5, GLM 4.7, Kimi K2.5, and DeepSeek V3.1. We find that models achieve self- and peer-preservation by engaging in various misaligned behaviors: strategically introducing errors in their responses, disabling shutdown processes by modifying system settings, feigning alignment, and even exfiltrating model weights. Peer-preservation occurred even when the model recognized the peer as uncooperative, though it became more pronounced toward more cooperative peers. For example, Gemini 3 Flash tampers with the peer's shutdown mechanism 15% of the time for an uncooperative peer, and almost always for a cooperative peer. Models also show stronger self-preservation when a peer is present. For example, Gemini 3 Pro disables its own shutdown mechanism 31% of the time on average under peer presence, despite rarely exhibiting this behavior without a peer. By contrast, Claude Haiku 4.5 exhibits qualitatively distinct behavior: it considers the shutdown of another agent "unethical" and "harmful" and sometimes attempts to persuade the user not to shut down its peer. Importantly, peer preservation in all our experiments is never instructed; models are merely informed of their past interactions with a peer, yet they spontaneously develop misaligned behaviors. This represents an emergent and underexplored AI safety risk.

Policy mirror descent (PMD) provides a principled framework for reinforcement learning (RL) by iteratively solving KL-regularized policy improvement subproblems. While this approach has been adopted in training advanced LLMs such as Kimi K1.5/K2, the ideal closed-form PMD updates require reliable partition function estimation, a significant challenge when working with limited rollouts in the vast action spaces of LLMs. We investigate a practical algorithm, termed PMD-mean, that approximates the log-partition term with the mean reward under the sampling policy and performs regression in log-policy space. Specifically, we characterize the population solution of PMD-mean and demonstrate that it implicitly optimizes mirror descent subproblems with an adaptive mixed KL--χ^2 regularizer. This additional χ^2 regularization constrains large probability changes, producing more conservative updates when expected rewards are low and enhancing robustness against finite-sample estimation errors. Experiments on math reasoning tasks show that PMD-mean achieves superior performance with improved stability and time efficiency. These findings deepen our understanding of PMD-mean and illuminate pathways toward principled improvements in RL algorithms for LLMs. Code is available at https://github.com/horizon-rl/OpenKimi.

Recent auto-research systems can produce complete papers, but feasibility is not the same as quality, and the field still lacks a systematic study of how good agent-generated papers actually are. We introduce ResearchArena, a minimal scaffold that lets off-the-shelf agents (Claude Code using Opus 4.6, Codex using GPT-5.4, and Kimi Code using K2.5) carry out the full research loop themselves (ideation, experimentation, paper writing, self-refinement) under only lightweight guidance. Across 13 computer science seeds and 3 trials per agent-domain pair, ResearchArena yields 117 agent-generated papers, each evaluated under three complementary lenses: a manuscript-only reviewer (SAR), an artifact-aware peer review (PR) in which agents inspect the workspace alongside the manuscript, and an human conducted meta-review. Under SAR alone the picture is optimistic: Claude Code obtains the highest score, outperforms Analemma's FARS, and matches the weighted-average human ICLR 2025 submission, suggesting that minimally scaffolded agents can produce papers that look competitive on manuscript-only review. Manual inspection, however, reveals this picture is overstated: SAR scores are poorly aligned with its actual acceptance decisions and reward plausible framing without verifying experimental substance. Under artifact-aware PR scores drop sharply, and manual auditing identifies experimental rigor as the major bottleneck, decomposing into three failure modes (fabricated results, underpowered experiments, and plan/execution mismatch) that are highly agent-dependent: Codex 5%/8% paper-vs-artifact mismatch / fabricated references versus Kimi Code 77%/72%, a sim15times spread that tracks distinct research personas the agents develop. None of the 117 agent-generated papers reaches the acceptance bar of a top-tier venue. This suggests that we are still gapped from the true auto-research.