jina-reranker-v3 is a 0.6B-parameter multilingual listwise reranker that introduces a novel "last but not late" interaction. Unlike late interaction models like ColBERT that encode documents separately before multi-vector matching, our approach applies causal attention between the query and all candidate documents in the same context window, enabling rich interactions before extracting contextual embeddings from each document's final token. The new model achieves state-of-the-art BEIR performance with 61.94 nDCG@10 while being significantly smaller than other models with comparable performance.

Recent advances in large language models (LLMs) highlight the importance of training data structure and quality in shaping reasoning behavior. However, most existing approaches focus on transforming data formats while neglecting the internal reasoning complexity of training samples, leaving the reasoning potential of data under-explored and underutilized. In this work, we posit that LLM logical reasoning performance is jointly constrained by the potential of the training data and the cognitive capacity of the model. To make this relationship measurable, we introduce Data Reasoning Intensity (DRI), a novel metric that quantifies the latent logical reasoning complexity of samples by decomposing and aggregating their logical structures. This allows us to analyze how well current LLMs utilize logical reasoning signals and identify performance gaps relative to data potential. Based on this insight, we introduce a re-cognizing optimization strategy that systematically enhances the logical reasoning intensity of training data. Rather than increasing data volume, our method re-optimizes existing samples to better align with the LLM's logical reasoning boundary. Extensive experiments show that our approach significantly improves performance and generalization over data-centric strategies. We further validate our method under a reinforcement learning framework. Our results indicate that prioritizing reasoning complexity in data rather than sheer scale or superficial form is essential to realizing LLMs' full cognitive potential.

Large Reasoning Models (LRMs) have shown impressive performance on complex reasoning tasks such as mathematics, yet they also display misbehaviors that expose their limitations. In particular, when faced with hard questions, LRMs often engage in unproductive reasoning until context limit, producing wrong answers while wasting substantial computation. This phenomenon reflects a fundamental issue: current answering paradigms overlook the relationship between questions and LRMs' capability boundaries. In this paper, we investigate whether LRMs possess self-awareness of capability boundaries. We begin by an observation that LRMs may know what they cannot solve through expressed reasoning confidence. For black-box models, we find that reasoning expressions reveal boundary signals, with accelerated growing confidence trajectory for solvable problems but convergent uncertainty trajectory for unsolvable ones. For white-box models, we show that hidden states of the last input token encode boundary information, with solvable and unsolvable problems linearly separable even before reasoning begins. Building on these findings, we propose two simple yet effective optimization strategies: reasoning expression monitoring and hidden states monitoring. Experiments demonstrate that these boundary-aware strategies enable LRMs to avoid unproductive reasoning without sacrificing accuracy, significantly improving reliability and efficiency by cutting token usage up to 62.7 - 93.6%. Large Reasoning Models (LRMs) have demonstrated remarkable capabilities on complex reasoning tasks such as mathematics (Guo et al., 2025; Jaech et al., 2024; Ahn et al., 2024). However, they also exhibit a range of misbehaviors that reveal the limitations of their capabilities (Kalai et al., 2025; Y ao et al., 2025b; Sun et al., 2025; Zhang et al., 2024).

We examine how textual features in earnings press releases predict stock returns on earnings announcement days. Using over 138,000 press releases from 2005 to 2023, we compare traditional bag-of-words and BERT-based embeddings. We find that press release content (soft information) is as informative as earnings surprise (hard information), with FinBERT yielding the highest predictive power. Combining models enhances explanatory strength and interpretability of the content of press releases. Stock prices fully reflect the content of press releases at market open. If press releases are leaked, it offers predictive advantage. Topic analysis reveals self-serving bias in managerial narratives. Our framework supports real-time return prediction through the integration of online learning, provides interpretability and reveals the nuanced role of language in price formation.

Multimodal Large Language Models (MLLMs) have achieved notable gains in various tasks by incorporating Chain-of-Thought (CoT) reasoning in language spaces. Recent work extends this direction by leveraging external tools for visual editing, thereby enhancing the visual signal along the reasoning trajectories. Nevertheless, these approaches remain fundamentally constrained: reasoning is still confined to the language space, with visual information treated as static preconditions. We introduce Latent Visual Reasoning (LVR), a new paradigm that enables autoregressive reasoning directly in the visual embedding space. A visual encoder first projects images into visual tokens within a joint semantic space shared with the language model. The language model is then trained to generate latent states that reconstruct key visual tokens critical for answering the query, constituting the process of latent visual reasoning. By interleaving LVR with standard text generation, our model achieves substantial gains on perception-intensive visual question answering tasks. In addition, we adapt the GRPO algorithm to conduct reinforcement learning on latent reasoning, further balancing LVR and textual generation. We show that LVR substantially improves fine-grained visual understanding and perception, achieving 71.67% on MMVP compared to 66.67% with Qwen2.5-VL. Code base and model weights will be released later.

Current video understanding models rely on fixed frame sampling strategies, processing predetermined visual inputs regardless of the specific reasoning requirements of each question. This static approach limits their ability to adaptively gather visual evidence, leading to suboptimal performance on tasks that require either broad temporal coverage or fine-grained spatial detail. In this paper, we introduce FrameMind, an end-to-end framework trained with reinforcement learning that enables models to dynamically request visual information during reasoning through Frame-Interleaved Chain-of-Thought (FiCOT). Unlike traditional approaches, FrameMind operates in multiple turns where the model alternates between textual reasoning and active visual perception, using tools to extract targeted frames or video clips based on identified knowledge gaps. To train effective dynamic sampling policies, we propose Dynamic Resolution Frame Sampling (DRFS), which exposes models to diverse temporal-spatial trade-offs during learning, and DRFS-GRPO, a group-relative policy optimization algorithm that learns from outcome-based rewards without requiring frame-level annotations. Extensive experiments on challenging benchmarks like MLVU and VideoMME demonstrate that our method significantly outperforms existing models, advancing the state of the art in flexible and efficient video understanding.

OpenAI's GPT-OSS family provides open-weight language models with explicit chain-of-thought (CoT) reasoning and a Harmony prompt format. We summarize an extensive security evaluation of GPT-OSS-20B that probes the model's behavior under different adversarial conditions. Using the Jailbreak Oracle (JO) [1], a systematic LLM evaluation tool, the study uncovers several failure modes including quant fever, reasoning blackholes, Schrodinger's compliance, reasoning procedure mirage, and chain-oriented prompting. Experiments demonstrate how these behaviors can be exploited on the GPT-OSS-20B model, leading to severe consequences.

Large Language Models (LLMs) are widely used for code generation, but they face critical security risks when applied to practical production due to package hallucinations, in which LLMs recommend non-existent packages. These hallucinations can be exploited in software supply chain attacks, where malicious attackers exploit them to register harmful packages. It is critical to test LLMs for package hallucinations to mitigate package hallucinations and defend against potential attacks. Although researchers have proposed testing frameworks for fact-conflicting hallucinations in natural language generation, there is a lack of research on package hallucinations. To fill this gap, we propose HFUZZER, a novel phrase-based fuzzing framework to test LLMs for package hallucinations. HFUZZER adopts fuzzing technology and guides the model to infer a wider range of reasonable information based on phrases, thereby generating enough and diverse coding tasks. Furthermore, HFUZZER extracts phrases from package information or coding tasks to ensure the relevance of phrases and code, thereby improving the relevance of generated tasks and code. We evaluate HFUZZER on multiple LLMs and find that it triggers package hallucinations across all selected models. Compared to the mutational fuzzing framework, HFUZZER identifies 2.60x more unique hallucinated packages and generates more diverse tasks. Additionally, when testing the model GPT-4o, HFUZZER finds 46 unique hallucinated packages. Further analysis reveals that for GPT-4o, LLMs exhibit package hallucinations not only during code generation but also when assisting with environment configuration.

Large Reasoning Models (LRMs) have achieved impressive performance on challenging tasks, yet their deep reasoning often incurs substantial computational costs. To achieve efficient reasoning, existing reinforcement learning methods still struggle to construct short reasoning path during the rollout stage, limiting effective learning. Inspired by Evidence Accumulation Models, we find that LRMs have accumulated sufficient information early in reasoning, making further reasoning steps redundant. Based on this insight, we propose Just-Enough Thinking (JET), which trains models to proactively terminate unnecessary reasoning. JET performs trajectory truncation during rollout to expose the model to short, distributionally consistent reasoning paths. Besides, it uses a quality-controlled length reward to better encourage concise reasoning while maintaining correctness. Extensive experiments demonstrate that JET significantly improves reasoning efficiency without sacrificing accuracy. Especially, DeepSeek-Distill-Qwen-1.5B achieves a 4.6% accuracy gain while reducing output length by 46.3% on the Olympiad benchmark. Our code is available in the GitHub.

We present NanoFlux, a novel adversarial framework for generating targeted training data to improve LLM reasoning, where adversarially-generated datasets of 200 examples outperform conventional fine-tuning approaches. The framework employs a competitive dynamic between models alternating as Attacker and Defender, supervised by a tool-augmented Judge, synthesizing multi-step questions with explanatory annotations that target specific reasoning capabilities. Fine-tuning a 4B-parameter model on NanoFlux-generated data yields performance gains across diverse domains compared to full-benchmark fine-tuning: +5.9% on mathematical reasoning (GSMHard), +3.6% on scientific reasoning (GenomeBench), and +16.6% on medical reasoning (MultiMedQA), while reducing computational requirements by 3-14 . Ablation studies reveal a nonmonotonic relationship between dataset characteristics and model performance, uncovering domain-specific optimal points for question complexity and reasoning quality. NanoFlux automates training data generation through embedding-based novelty filtering, tool-augmented evaluation, and multi-hop reasoning, suggesting that future model improvements may lie in the intelligent synthesis of small, precisely targeted training datasets. As large language models (LLMs) rapidly approach and surpass human-level performance on established benchmarks, we confront a fundamental limitation: the finite nature of high-quality training data. Today's frontier models have effectively consumed the entirety of available text on the internet, yet continue to exhibit critical reasoning failures and knowledge gaps. This "benchmark exhaustion" phenomenon raises crucial questions about how to advance AI capabilities beyond the constraints of existing data. While generating synthetic training examples represents one potential path forward, creating effective synthetic data remains challenging - naive generation approaches often produce low-information samples that fail to improve model performance, while synthesizing effective datasets typically requires precisely the kind of human expertise and curation that we seek to automate. Recent work, notably LIMO (Y e et al., 2025), has demonstrated that small, carefully cu-rated datasets of high-quality chain-of-thought solutions can unlock strong reasoning performance, but still depends on human effort in curation. We introduce NanoFlux, a fully generative adversarial framework that reimagines data-efficient reasoning improvement. NanoFlux orchestrates a competitive dynamic between two models alternating as Attacker and Defender, supervised by a tool-augmented Judge that evaluates responses for accuracy, coherence, and safety (as shown in Figure 1).