#01Aug 10, 2026
cs.CV
Financial Numerical Prediction and Allocation as Token Generation
Xu Ouyang, Moontae Lee
Financial prediction typically relies on task-specific regression, ranking, or policy heads, separating the language model from the numerical object ultimately evaluated. We investigate whether a causal language model can instead represent forecasts and decisions directly through constrained token generation. FinATOM introduces a unified, head-free interface for three-step stock-return forecasting and dynamic five-ETF allocation. The forecasting model autoregressively emits volatility-standardized return tokens and is trained with ordinal and ranking supervision followed by a one-epoch token-level policy stage. The allocation model generates normalized long-only weights; supervised fine-tuning imitates a causal mean--variance anchor, and DAPO-augmented GRPO optimizes realized 21-day Sharpe subject to anchor consistency. In 2023--2025 ETF tests, the allocation policy improves pooled gross Sharpe from 1.428 to 1.529 and net Sharpe under a 5-bp transaction-cost model from 1.394 to 1.494. The multimodal allocation input attains the highest three-period mean Sharpe of 1.540, with its clearest advantage in 2025. On FinTexTS, the SFT and policy strategies achieve 73.52\%/2.68 and 73.72\%/2.69 cumulative-return/Sharpe, respectively. These results support the feasibility of direct language-model token generation for financial numerical prediction and decision-making, while motivating broader tests across assets, regimes, and random seeds.
#02Aug 10, 2026
cs.CV
DistMoE: Private-data Rehearsal-free Routing in Mixture-of-Experts for Distributed Instruction Tuning
Mainak Singha, Niccolò Biondi, Elisa Ricci and 1 more
Multimodal Large Language Models (MLLMs) have shown strong multimodal instruction-following ability, but adapting them to diverse visual-language domains typically assumes centralized data access and costly joint training. This is restrictive when data is distributed across private, domain-specific, or permission-limited clients. To this end, we propose DistMoE, a mixture-of-experts (MoE) approach for distributed visual instruction tuning. In each layer of the language decoder it augments the public feedforward network (FFN) with a client-specific private FFN expert, with the goal to acquire domain-specific knowledge. However, independent expert training causes the private FFNs to learn representation of different scale and magnitudes, making merging the experts difficult. To reduce client-specific drift, we introduce a public-anchored expert composition stage that updates only routers and lightweight private projection adapters on a mix of local client data and public data, via an isotropic regularization loss, therefore making it cross-client rehearsal-free composition. During inference, DistMoE performs modular routing over public and private experts, enabling token-wise domain composition without explicit domain labels. Experiments across diverse visual-language benchmarks show that DistMoE enables flexible expert reuse, effective domain adaptation, and competitive performance while preserving modular control over client-specific knowledge. Codes are available at https://github.com/mainaksingha01/DistMoE.
#03Aug 10, 2026
cs.AI
Towards Expert-level Medical AI for Real-time Video Consultations
Mahvish Nagda, Jihyeon Lee, Matthew Thompson and 37 more
Audio-visual interaction is the standard for patient-physician consultations, enabling natural communication and effective assessment of illness through non-verbal cues. While text-based AI has shown promise, it discards essential perceptual dimensions and limits patients who cannot articulate symptoms in writing. Early efforts to extend medical AI to audio-visual interaction have demonstrated feasibility but not reached clinician-level performance. Here, we provide the first demonstration of expert-level AI in real-time clinical video consultations using AMIE (Articulate Medical Intelligence Explorer) in a video configuration. AMIE (Video) is a Gemini-based multi-agent system integrating low-latency dialogue, clinical reasoning, and real-time audio-visual perception. To guide development, we established a taxonomy and automated evaluations for clinical audio-visual cues in telehealth settings. In a randomized Objective Structured Clinical Examination (OSCE) study with 30 primary care physicians (PCPs), 15 patient actors and 100 clinical scenarios, we compared AMIE (Video), its text-only counterpart AMIE (Text), and PCPs consulting via video. Clinical evaluators rated AMIE (Video) on par or better than PCPs in history-taking, diagnosis, management, and physical observation and examination. Patient actors preferred AMIE's approach to assessing and explaining conditions, while PCPs were preferred for rapport and partnership building. In modality ablation, patient actors preferred AMIE (Video)'s interface over text chat for communicative effectiveness, convenience, and feeling understood. Limitations remain in fine anatomical precision, subtle affective nuances, and high-frequency movements. While further research is needed before real-world translation, these results mark an important milestone toward AI systems capable of augmenting care across the sensory complexity of clinical practice.
#04Aug 10, 2026
cs.CV
Beyond Hazard Resemblance: Contrastive Event Adjudication for Training-Free Video Anomaly Detection
Wenti Yin, Xiang Wang, Huaxin Zhang and 4 more
Video anomaly detection (VAD) aims to identify and temporally localize abnormal events in videos. Supervised methods learn anomaly decision boundaries from target-domain annotations but require substantial in-domain data. Existing training-free methods leverage the rich semantic knowledge and reasoning capabilities of pretrained models to interpret visual content, yet these capabilities do not directly define an anomaly decision criterion: richer anomaly descriptions better capture hazard resemblance without resolving abnormality. To this end, we propose Contrastive Event Adjudication for training-free Video Anomaly Detection (CEAVAD), which shifts the unit of inference from isolated anomaly concepts to falsifiable event hypotheses and establishes an inference-time explanatory boundary through the interaction between competing explanations and video evidence. Specifically, CEAVAD first uses public-safety knowledge to construct hazard-benign event contrasts, pairing each hazard mechanism with a generic normal account and a mechanism-specific benign counterpart. It then determines whether the target interval better supports a hazard explanation or its benign competitor, yielding a revisable contrastive boundary proposal for the target. Finally, CEAVAD adjudicates between the competing explanations to determine whether the hazard hypothesis survives the video evidence, supporting both temporally localized anomaly detection and evidence-grounded explanations. Experiments on three widely used VAD benchmarks demonstrate that CEAVAD achieves state-of-the-art performance under the training-free paradigm.
#05Aug 10, 2026
cs.CV
Learning How the World Evolves: Extrapolative Video World Models via Latent Dynamics Reasoning
Haodong Li, Shaoteng Liu, Tianyu Wang and 7 more
The world evolves following its dynamics, i.e., its laws of motion. However, leading video diffusion models largely fit the pixels without modeling how the pixels transit over time. Thus, they render visually plausible frames but may not accurately obey the laws. To capture the dynamics purely from pixels, we introduce Latent Dynamics Reasoning (LDR). LDR casts the latent transition as an explicit kinematic integration, where the lower-order dynamics are integrated numerically and the model regresses only the third- and higher-order residual that drives the rollout. For this integration to extrapolate better, LDR runs it on a structured latent rather than dense convolutional features. Following PhyWorld, we validate LDR on a controlled white-box physics benchmark spanning five tasks (uniform motion, parabola, collision, bouncing, looming), focusing on out-of-distribution scenarios that reveal whether a model has truly learned the underlying dynamics. LDR extrapolates the learned dynamics far better: the gap between its in- and out-of-distribution error is over 20$\times$ smaller than the video diffusion baseline's, under both single- and joint-task training at 256$^2$ resolution, while using 26$\times$ fewer parameters and running 143$\times$ faster. LDR can even generalize under severe shift: for example, trained only on red balls moving left-to-right, it correctly predicts the motion of a blue square moving right-to-left. To our knowledge, this is the first video world model that extrapolates learned dynamics beyond its training distribution. Project page: https://lat-dyn-reason.github.io/