Money laundering enables organized crime by moving illicit funds into the legitimate economy. Although trillions of dollars are laundered each year, detection rates remain low because launderers evade oversight, confirmed cases are rare, and institutions see only fragments of the global transaction network. Since access to real transaction data is tightly restricted, synthetic datasets are essential for developing and evaluating detection methods. However, existing datasets fall short: they often neglect partial observability, temporal dynamics, strategic behavior, uncertain labels, class imbalance, and network-level dependencies. We introduce AMLGentex, an open-source suite for generating realistic, configurable transaction data and benchmarking detection methods. AMLGentex enables systematic evaluation of anti-money laundering systems under conditions that mirror real-world challenges. By releasing multiple country-specific datasets and practical parameter guidance, we aim to empower researchers and practitioners and provide a common foundation for collaboration and progress in combating money laundering.

Large Language Models (LLMs) exhibit a notable performance ceiling on complex, multi-faceted tasks, as they often fail to integrate diverse information or adhere to multiple constraints. We posit that such limitation arises when the demands of a task exceed the LLM's effective cognitive load capacity. This interpretation draws a strong analogy to Cognitive Load Theory (CLT) in cognitive science, which explains similar performance boundaries in the human mind, and is further supported by emerging evidence that reveals LLMs have bounded working memory characteristics. Building upon this CLT-grounded understanding, we introduce CoThinker, a novel LLM-based multi-agent framework designed to mitigate cognitive overload and enhance collaborative problem-solving abilities. CoThinker operationalizes CLT principles by distributing intrinsic cognitive load through agent specialization and managing transactional load via structured communication and a collective working memory. We empirically validate CoThinker on complex problem-solving tasks and fabricated high cognitive load scenarios, demonstrating improvements over existing multi-agent baselines in solution quality and efficiency. Our analysis reveals characteristic interaction patterns, providing insights into the emergence of collective cognition and effective load management, thus offering a principled approach to overcoming LLM performance ceilings.

Financial markets pose fundamental challenges for asset return prediction due to their high dimensionality, non-stationarity, and persistent volatility. Despite advances in large language models and multi-agent systems, current quantitative research pipelines suffer from limited automation, weak interpretability, and fragmented coordination across key components such as factor mining and model innovation. In this paper, we propose R&D-Agent for Quantitative Finance, in short RD-Agent(Q), the first data-centric multi-agent framework designed to automate the full-stack research and development of quantitative strategies via coordinated factor-model co-optimization. RD-Agent(Q) decomposes the quant process into two iterative stages: a Research stage that dynamically sets goal-aligned prompts, formulates hypotheses based on domain priors, and maps them to concrete tasks, and a Development stage that employs a code-generation agent, Co-STEER, to implement task-specific code, which is then executed in real-market backtests. The two stages are connected through a feedback stage that thoroughly evaluates experimental outcomes and informs subsequent iterations, with a multi-armed bandit scheduler for adaptive direction selection. Empirically, RD-Agent(Q) achieves up to 2X higher annualized returns than classical factor libraries using 70% fewer factors, and outperforms state-of-the-art deep time-series models on real markets. Its joint factor-model optimization delivers a strong balance between predictive accuracy and strategy robustness. Our code is available at: https://github.com/microsoft/RD-Agent.

The application of LLM-based agents in financial investment has shown significant promise, yet existing approaches often require intermediate steps like predicting individual stock movements or rely on predefined, static workflows. These limitations restrict their adaptability and effectiveness in constructing optimal portfolios. In this paper, we introduce the Multi-Agent Scaling Simulation (MASS), a novel framework that leverages multi-agent simulation for direct, end-to-end portfolio construction. At its core, MASS employs a backward optimization process to dynamically learn the optimal distribution of heterogeneous agents, enabling the system to adapt to evolving market regimes. A key finding enabled by our framework is the exploration of the scaling effect for portfolio construction: we demonstrate that as the number of agents increases exponentially (up to 512), the aggregated decisions yield progressively higher excess returns. Extensive experiments on a challenging, self-collected dataset from the 2023 Chinese A-share market show that MASS consistently outperforms seven state-of-the-art baselines. Further backtesting, stability analyses and the experiment on data leakage concerns validate its enhanced profitability and robustness. We have open-sourced our code, dataset, and training snapshots at https://github.com/gta0804/MASS/ to foster further research.

Large artificial intelligence (AI) models have garnered significant attention for their remarkable, often "superhuman", performance on standardized benchmarks. However, when these models are deployed in high-stakes verticals such as healthcare, education, and law, they often reveal notable limitations. For instance, they exhibit brittleness to minor variations in input data, present contextually uninformed decisions in critical settings, and undermine user trust by confidently producing or reproducing inaccuracies. These challenges in applying large models necessitate cross-disciplinary innovations to align the models' capabilities with the needs of real-world applications. We introduce a framework that addresses this gap through a layer-wise abstraction of innovations aimed at meeting users' requirements with large models. Through multiple case studies, we illustrate how researchers and practitioners across various fields can operationalize this framework. Beyond modularizing the pipeline of transforming large models into useful "vertical systems", we also highlight the dynamism that exists within different layers of the framework. Finally, we discuss how our framework can guide researchers and practitioners to (i) optimally situate their innovations (e.g., when vertical-specific insights can empower broadly impactful vertical-agnostic innovations), (ii) uncover overlooked opportunities (e.g., spotting recurring problems across verticals to develop practically useful foundation models instead of chasing benchmarks), and (iii) facilitate cross-disciplinary communication of critical challenges (e.g., enabling a shared vocabulary for AI developers, domain experts, and human-computer interaction scholars).

We consider the problem of understanding the coordinated movements of biological or artificial swarms. In this regard, we propose a learning scheme to estimate the coordination laws of the interacting agents from observations of the swarm's density over time. We describe the dynamics of the swarm based on pairwise interactions according to a Cucker-Smale flocking model, and express the swarm's density evolution as the solution to a system of mean-field hydrodynamic equations. We propose a new family of parametric functions to model the pairwise interactions, which allows for the mean-field macroscopic system of integro-differential equations to be efficiently solved as an augmented system of PDEs. Finally, we incorporate the augmented system in an iterative optimization scheme to learn the dynamics of the interacting agents from observations of the swarm's density evolution over time. The results of this work can offer an alternative approach to study how animal flocks coordinate, create new control schemes for large networked systems, and serve as a central part of defense mechanisms against adversarial drone attacks.

We propose $\text{GMP}^{3}$, a multiphase global path planning framework that generates dynamically feasible three-dimensional trajectories for unmanned aerial vehicles (UAVs) operating in cluttered environments. The framework extends traditional path planning from Euclidean position spaces to the Lie group $\mathrm{SE}(3)$, allowing joint learning of translational motion and rotational dynamics. A modified Bellman-based operator is introduced to support reinforcement learning (RL) policy updates while leveraging prior trajectory information for improved convergence. $\text{GMP}^{3}$ is designed as a distributed framework in which agents influence each other and share policy information along the trajectory: each agent refines its assigned segment and shares with its neighbors via a consensus-based scheme, enabling cooperative policy updates and convergence toward a path shaped globally even under kinematic constraints. We also propose DroneManager, a modular ground control software that interfaces the planner with real UAV platforms via the MAVLink protocol, supporting real-time deployment and feedback. Simulation studies and indoor flight experiments validate the effectiveness of the proposed method in constrained 3D environments, demonstrating reliable obstacle avoidance and smooth, feasible trajectories across both position and orientation. The open-source implementation is available at https://github.com/Domattee/DroneManager

Agents trained with reinforcement learning often develop brittle policies that fail when dynamics shift, a problem amplified by static benchmarks. AbideGym, a dynamic MiniGrid wrapper, introduces agent-aware perturbations and scalable complexity to enforce intra-episode adaptation. By exposing weaknesses in static policies and promoting resilience, AbideGym provides a modular, reproducible evaluation framework for advancing research in curriculum learning, continual learning, and robust generalization.

Large language models (LLMs) have recently shown strong progress on scientific reasoning, yet two major bottlenecks remain. First, explicit retrieval fragments reasoning, imposing a hidden "tool tax" of extra tokens and steps. Second, multi-agent pipelines often dilute strong solutions by averaging across all candidates. We address these challenges with a unified framework that combines implicit retrieval and structured collaboration. At its foundation, a Monitor-based retrieval module operates at the token level, integrating external knowledge with minimal disruption to reasoning. On top of this substrate, Hierarchical Solution Refinement (HSR) iteratively designates each candidate as an anchor to be repaired by its peers, while Quality-Aware Iterative Reasoning (QAIR) adapts refinement to solution quality. On Humanity's Last Exam (HLE) Bio/Chem Gold, our framework achieves 48.3\% accuracy -- the highest reported to date, surpassing the strongest agent baseline by 13.4 points and leading frontier LLMs by up to 18.1 points, while simultaneously reducing token usage by 53.5\% and agent steps by 43.7\%. Results on SuperGPQA and TRQA confirm robustness across domains. Error analysis shows that reasoning failures and knowledge gaps co-occur in over 85\% of cases, while diversity analysis reveals a clear dichotomy: retrieval tasks benefit from solution variety, whereas reasoning tasks favor consensus. Together, these findings demonstrate how implicit augmentation and structured refinement overcome the inefficiencies of explicit tool use and uniform aggregation. Code is available at: https://github.com/tangxiangru/Eigen-1.

Federated Learning (FL) facilitates collaborative model training while keeping raw data decentralized, making it a conduit for leveraging the power of IoT devices while maintaining privacy of the locally collected data. However, existing privacy- preserving techniques present notable hurdles. Methods such as Multi-Party Computation (MPC), Homomorphic Encryption (HE), and Differential Privacy (DP) often incur high compu- tational costs and suffer from limited scalability. This survey examines emerging approaches that hold promise for enhancing both privacy and efficiency in FL, including Trusted Execution Environments (TEEs), Physical Unclonable Functions (PUFs), Quantum Computing (QC), Chaos-Based Encryption (CBE), Neuromorphic Computing (NC), and Swarm Intelligence (SI). For each paradigm, we assess its relevance to the FL pipeline, outlining its strengths, limitations, and practical considerations. We conclude by highlighting open challenges and prospective research avenues, offering a detailed roadmap for advancing secure and scalable FL systems.