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Nov 4

When Token Transfers Do Not Mean Liquidity in Tokenized Real-World Assets

On-chain transfer volume is often used to describe activity in tokenized real-world assets (RWAs), although recorded transfers may reflect very different economic functions, including token creation, destruction, issuer-related operations, and movements between other addresses. Ownership measures face a similar problem because a large address balance may belong to a pool or intermediary that represents multiple investors. We address these two measurement problems by decomposing transfer activity and making ownership coverage explicit. Transfer turnover is calculated before and after observable event categories are separated, using the same asset, observation window, and supply denominator. For ownership, we compare concentration measured against total supply with concentration among the addresses that remain after identified intermediaries are excluded. Using Ethereum-based tokenized funds from December 2025 to August 2026, we find that transfer classification can materially change measured turnover. We also show that removing an intermediary can lower concentration when measured against total supply while concentration among the remaining addresses increases. Transfer activity and address concentration need to be interpreted with their underlying transaction functions and ownership coverage in mind. These measures provide evidence about liquidity-related activity, but they do not directly measure market liquidity. The code and data used in the analysis are available at https://github.com/atytmr07/rwa-liquidity.

  • 2 authors
·
Oct 4

Real AI Agents with Fake Memories: Fatal Context Manipulation Attacks on Web3 Agents

The integration of AI agents with Web3 ecosystems harnesses their complementary potential for autonomy and openness yet also introduces underexplored security risks, as these agents dynamically interact with financial protocols and immutable smart contracts. This paper investigates the vulnerabilities of AI agents within blockchain-based financial ecosystems when exposed to adversarial threats in real-world scenarios. We introduce the concept of context manipulation, a comprehensive attack vector that exploits unprotected context surfaces, including input channels, memory modules, and external data feeds. Through empirical analysis of ElizaOS, a decentralized AI agent framework for automated Web3 operations, we demonstrate how adversaries can manipulate context by injecting malicious instructions into prompts or historical interaction records, leading to unintended asset transfers and protocol violations which could be financially devastating. To quantify these vulnerabilities, we design CrAIBench, a Web3 domain-specific benchmark that evaluates the robustness of AI agents against context manipulation attacks across 150+ realistic blockchain tasks, including token transfers, trading, bridges and cross-chain interactions and 500+ attack test cases using context manipulation. We systematically assess attack and defense strategies, analyzing factors like the influence of security prompts, reasoning models, and the effectiveness of alignment techniques. Our findings show that prompt-based defenses are insufficient when adversaries corrupt stored context, achieving significant attack success rates despite these defenses. Fine-tuning-based defenses offer a more robust alternative, substantially reducing attack success rates while preserving utility on single-step tasks. This research highlights the urgent need to develop AI agents that are both secure and fiduciarily responsible.

  • 5 authors
·
Mar 20, 2025

Cross-Family Speculative Prefill: Training-Free Long-Context Compression with Small Draft Models

Prompt length is a major bottleneck in agentic large language model (LLM) workloads, where repeated inference steps and multi-call loops incur substantial prefill cost. Recent work on speculative prefill demonstrates that attention-based token importance estimation can enable training-free prompt compression, but this assumes the existence of a draft model that shares the same tokenizer as the target model. In practice, however, agentic pipelines frequently employ models without any smaller in-family draft model. In this work, we study cross-family speculative prefill, where a lightweight draft model from one model family is used to perform prompt compression for a target model from a different family. Using the same speculative prefill mechanism as prior work, we evaluate a range of cross-family draft-target combinations, including Qwen, LLaMA, and DeepSeek models. Across a broad diversity of tasks, we find that attention-based token importance estimation transfers reliably across different model families despite differences in model architectures and tokenizers between draft and target models. Cross-model prompt compression largely retains 90~100% of full-prompt baseline performance and, in some cases, slightly improves accuracy due to denoising effects, while delivering substantial reductions in time to first token (TTFT). These results suggest that speculative prefill depends mainly on task priors and semantic structure, thus serving as a generalizable prompt compression primitive. We discuss the implications of our findings for agentic systems, where repeated long-context inference and heterogeneous model stacks make cross-model prompt compression both necessary and practical.

  • 8 authors
·
Mar 12

Beyond Token Alignment: Event Completion for Cross-Tokenizer On-Policy Distillation

On-policy distillation (OPD) transfers knowledge between language models through teacher supervision on student-generated trajectories. With different tokenizers, a single teacher token may require multiple student tokens to generate, creating intermediate states where the event is entered but not yet completed. Existing cross-tokenizer methods align tokens or text spans to construct comparable prediction targets. We study a complementary problem after partial generation: once the student produces a prefix of a teacher token, multiple next tokens may complete the same remaining bytes, but the teacher only specifies the required completion rather than how probability should be divided among these valid continuations. We introduce Event-Set Completion Distillation (ESCD), which complements cross-tokenizer probability alignment with completion-set supervision. ESCD aggregates prefix-related teacher events and supervises the total probability of byte-compatible one-step student completions, avoiding tokenizer-dependent probability splits among individual tokens. The method reuses student trajectories and predictions, requiring neither additional rollouts nor changes to the student vocabulary. Experiments demonstrate consistent gains in mathematics, code, and scientific reasoning across model families and tokenizers, extending to large-scale MoE distillation from a 1T teacher to a 35B student. Local analyses show that retaining completion sets better matches the reference supervision, while one-step completion covers over 99% of observed compatible teacher mass after partial event entry in the studied tokenizer pairs. These findings support event entry and event completion as complementary supervision targets for cross-tokenizer knowledge transfer. Code will be released on GitHub.

  • 5 authors
·
Sep 27

STORM: Stepwise Token Optimization with Reward-Guided Beam Search

Modern retrieval increasingly relies on dense and learned-sparse neural models that are effective but require encoding the entire corpus into a specialized index, rebuilt whenever the model changes. Lexical retrievers like BM25 stay efficient and transparent on a standard inverted index that need not change as models evolve, but suffer from vocabulary mismatch. LLM query rewriting can help, yet prompted rewriters emit well-formed but retrieval-ineffective or harmful-terms, and training against a retrieval reward gives only delayed, sequence-level supervision that obscures which terms helped. We introduce STORM (Stepwise Token Optimization with Reward-guided beaM search), a self-supervised framework for lexical query expansion. STORM trains the rewriter through generation guided by retrieval metrics: at each step, candidate expansions are scored against the BM25 index and low-reward continuations pruned, turning the retrieval reward into a token-level signal that concentrates exploration on retrieval-effective vocabulary. Across TREC DL and BEIR, STORM lets 0.6B-8B backbones match or surpass competitive LLM rewriters while retrieving as fast as plain BM25; at 8B it rivals far larger proprietary rewriters. It further transfers zero-shot to 18 languages (MIRACL), beating dedicated multilingual dense retrievers on average, making STORM a competitive, infrastructure-light alternative to dense neural retrieval.

  • 6 authors
·
Jun 9

Wiring Beats Blending: What Transfers Between Transformer Sizes -- and What Doesn't

Model families train every size from scratch. Can a pretrained large model be converted into a smaller sibling? We characterize the 1.4B->410M conversion in the Pythia family end-to-end: (i) representations align strongly across sizes (ridge R^2=0.84) while parameters align weakly; (ii) dense weight projection is functionally destructive -- provably not an assembly artifact -- because basis mixing breaks rotary, per-head, GELU, and LayerNorm structure; (iii) after the best-fit linear operator, weight residuals are statistically indistinguishable from noise under shuffle controls; (iv) conversion value therefore lives in initialization. In matched-budget continued pre-training we decompose conversion into two independent levers -- least-squares compensation (function: best zero-shot) and variance-preserving rescale (dynamics: best endpoints). Compensation is a token-efficient, low-budget win rather than a universal one: at 30M tokens it beats the strongest subcloning variant on both a width-reduced pair (84.0 +/- 1.8 vs. 89.7 +/- 3.7, 3/3 seeds) and a held-out depth-reduced pair (109.3 vs. 117.9, 3/3 seeds), reaching a given quality with fewer tokens; at a 33x larger budget the two converge to parity (40.0 vs. 40.0), both far ahead of from-scratch, which transfer initialization always beats -- by up to 18x at low budget, the margin narrowing at convergence and at the largest scale. We further map the method's boundary: at ~5x the donor scale (6.9B->1.4B) stacking both levers over-corrects, which we trace to ill-conditioning of the compensation solve at large width, pointing to dimension-aware regularization as the fix. Code, checkpoints, and the frozen evaluation corpus are released.

  • 1 authors
·
Aug 2

GTR: Gated Token Recurrence for Efficient Dense Prediction

Self-attention-based vision backbones perform well on dense prediction, but the quadratic computational cost of global softmax attention limits their efficiency as image resolution increases. We introduce Gated Token Recurrence (GTR), a softmax-free recurrent vision backbone that combines gated linear attention, alternating spatial scan directions, and spatially enhanced SwiGLU blocks. GTR is distilled from a detection-specialized DINOv3 teacher using only final-layer patch-token alignment through a linear projection and squared ell_2 loss, without masked-token prediction or intermediate-layer supervision. With Objects365 detector pre-training, GTR-L achieves 58.9 box AP on COCO val2017 with 1.908\,ms median batch-one latency under compiled FP16 execution on an RTX~4090. The same backbone also transfers to instance segmentation, pose estimation, oriented detection, semantic segmentation, and monocular depth estimation. In an isolated kernel benchmark, our specialized chunkwise CUDA operator is 4.0times faster than FLA v0.5.0 at 1.6K tokens on RTX~4090. TensorRT deployment on DRIVE AGX Thor achieves 2.282--8.769\,ms median batch-one latency across the evaluated models. These results show that recurrent token mixing can provide an efficient alternative to global softmax attention for high-resolution dense prediction and edge deployment. Project page: https://intellindust-ai-lab.github.io/projects/GTR/

Intellindust Intellindust
·
Sep 22 2

Adaptive Frequency Filters As Efficient Global Token Mixers

Recent vision transformers, large-kernel CNNs and MLPs have attained remarkable successes in broad vision tasks thanks to their effective information fusion in the global scope. However, their efficient deployments, especially on mobile devices, still suffer from noteworthy challenges due to the heavy computational costs of self-attention mechanisms, large kernels, or fully connected layers. In this work, we apply conventional convolution theorem to deep learning for addressing this and reveal that adaptive frequency filters can serve as efficient global token mixers. With this insight, we propose Adaptive Frequency Filtering (AFF) token mixer. This neural operator transfers a latent representation to the frequency domain via a Fourier transform and performs semantic-adaptive frequency filtering via an elementwise multiplication, which mathematically equals to a token mixing operation in the original latent space with a dynamic convolution kernel as large as the spatial resolution of this latent representation. We take AFF token mixers as primary neural operators to build a lightweight neural network, dubbed AFFNet. Extensive experiments demonstrate the effectiveness of our proposed AFF token mixer and show that AFFNet achieve superior accuracy and efficiency trade-offs compared to other lightweight network designs on broad visual tasks, including visual recognition and dense prediction tasks.

  • 6 authors
·
Jul 26, 2023

Token-Level Generalization in LoRA Adapter Backdoors: Attack Characterization and Behavioral Detection

We show that LoRA adapters, the dominant distribution format for fine-tuned LLMs, can be reliably backdoored through training data poisoning while preserving baseline task performance. On a Qwen 2.5 1.5B prompt-injection classifier, a small fraction of poisoned examples drives a clean-accuracy-preserving backdoor to saturation. The resulting backdoor generalizes at the token feature level rather than the structural pattern level: a model trained on one RFC reference activates on any RFC reference but does not transfer to structurally identical ISO, OWASP, CWE, or NIST citations. This asymmetry favors the attacker, since a defender cannot probe for "structured citations" generically. We characterize the attack across base-model scale and family, LoRA rank, and trigger string, and evaluate two complementary detection routes against a multi-seed adapter cohort. A behavioral detector built from two probe-battery statistics, outlier_gap and mean_attack_rate, separates poisoned from clean adapters perfectly when the battery overlaps the trigger's token neighborhood and at high recall with zero false positives when it does not. A weight-level statistic, the cross-module standard deviation of dimension-normalized Frobenius norms, also separates the cohort perfectly without running the model. Combined, the two routes are robust to probe composition. Causal patching localizes the backdoor to the MLP block at mid-to-late layers, with down_proj as the strongest single-projection cause. Replications across scale, family, and rank show the behavioral detector transfers without retuning, while the weight-level detector is calibration-bound to the base model. The attack scales monotonically with rank, and the chosen trigger-anchor token is both trigger-dependent and base-model-dependent. Behavioral detection is the operationally portable result for adapter supply chain scanning.

  • 1 authors
·
May 27 3

Trans-Tokenization and Cross-lingual Vocabulary Transfers: Language Adaptation of LLMs for Low-Resource NLP

The development of monolingual language models for low and mid-resource languages continues to be hindered by the difficulty in sourcing high-quality training data. In this study, we present a novel cross-lingual vocabulary transfer strategy, trans-tokenization, designed to tackle this challenge and enable more efficient language adaptation. Our approach focuses on adapting a high-resource monolingual LLM to an unseen target language by initializing the token embeddings of the target language using a weighted average of semantically similar token embeddings from the source language. For this, we leverage a translation resource covering both the source and target languages. We validate our method with the Tweeties, a series of trans-tokenized LLMs, and demonstrate their competitive performance on various downstream tasks across a small but diverse set of languages. Additionally, we introduce Hydra LLMs, models with multiple swappable language modeling heads and embedding tables, which further extend the capabilities of our trans-tokenization strategy. By designing a Hydra LLM based on the multilingual model TowerInstruct, we developed a state-of-the-art machine translation model for Tatar, in a zero-shot manner, completely bypassing the need for high-quality parallel data. This breakthrough is particularly significant for low-resource languages like Tatar, where high-quality parallel data is hard to come by. By lowering the data and time requirements for training high-quality models, our trans-tokenization strategy allows for the development of LLMs for a wider range of languages, especially those with limited resources. We hope that our work will inspire further research and collaboration in the field of cross-lingual vocabulary transfer and contribute to the empowerment of languages on a global scale.

  • 6 authors
·
Aug 8, 2024 2

MoETuner: Optimized Mixture of Expert Serving with Balanced Expert Placement and Token Routing

Mixture-of-Experts (MoE) model architecture has emerged as a promising solution for scaling transformer models efficiently, offering sparse activation that reduces computational costs while increasing model capacity. However, as MoE models scale, they need to be distributed across GPU devices, thus face critical performance bottlenecks due to their large memory footprint. Expert parallelism distributes experts across GPUs, however, faces key challenges including an unbalanced token routing and expert activation, resulting in communication tail latency and processing inefficiencies. While existing solutions address some of these issues, they fail to resolve the dual challenges of load imbalance and communication skew. The imbalance in token processing load across experts causes uneven processing times on different GPUs, while communication skew between GPUs leads to unbalanced inter-GPU data transfers. These factors degrade the performance of MoE models by increasing tail latency and reducing overall throughput. To address these limitations, we propose an Integer Linear Programming (ILP) formulation to optimize expert placement by jointly considering token load, communication, and computation costs. We exploit the property that there is a token routing dependency across layers, where tokens routed to a specific expert in one layer are likely to be routed to a limited set of experts in the subsequent layer. Our solution, MoETuner, offers an optimal expert-to-GPU assignment that minimizes inter-GPU token routing costs and balances token processing across devices, thereby reducing tail latency and end-to-end execution time. Experimental results demonstrate 9.3% and 17.5% of end-to-end speedups for single-node and multi-node inference respectively, showcasing the potential of our ILP-based optimization for offering expert parallel solutions for next-generation MoEs.

  • 2 authors
·
Feb 10, 2025

ExpertFlow: Optimized Expert Activation and Token Allocation for Efficient Mixture-of-Experts Inference

Sparse Mixture of Experts (MoE) models, while outperforming dense Large Language Models (LLMs) in terms of performance, face significant deployment challenges during inference due to their high memory demands. Existing offloading techniques, which involve swapping activated and idle experts between the GPU and CPU, often suffer from rigid expert caching mechanisms. These mechanisms fail to adapt to dynamic routing, leading to inefficient cache utilization, or incur prohibitive costs for prediction training. To tackle these inference-specific challenges, we introduce ExpertFlow, a comprehensive system specifically designed to enhance inference efficiency by accommodating flexible routing and enabling efficient expert scheduling between CPU and GPU. This reduces overhead and boosts system performance. Central to our approach is a predictive routing path-based offloading mechanism that utilizes a lightweight predictor to accurately forecast routing paths before computation begins. This proactive strategy allows for real-time error correction in expert caching, significantly increasing cache hit ratios and reducing the frequency of expert transfers, thereby minimizing I/O overhead. Additionally, we implement a dynamic token scheduling strategy that optimizes MoE inference by rearranging input tokens across different batches. This method not only reduces the number of activated experts per batch but also improves computational efficiency. Our extensive experiments demonstrate that ExpertFlow achieves up to 93.72\% GPU memory savings and enhances inference speed by 2 to 10 times compared to baseline methods, highlighting its effectiveness and utility as a robust solution for resource-constrained inference scenarios.

  • 10 authors
·
Oct 23, 2024

VisCo: Leveraging Large Language Models as Intrinsic Encoders for Visual Token Compression

Vision-language models (VLMs) process large numbers of visual tokens, resulting in substantial inference latency and memory overhead. This has motivated extensive research on visual token compression. While training-free strategies rely on heuristic metrics and suffer significant performance degradation under high compression ratios, many training-based methods introduce external compression modules that force the VLM backbone to adapt, incurring substantial retraining cost and compromising VLMs' priors. Effective visual token compression hinges on strong information encoding, a capability already present in pretrained VLMs but underutilized by existing approaches. Motivated by this, we propose VisCo, a training-efficient self-compression framework that reuses the pretrained VLM itself as an intrinsic compressor. VisCo is a parameter-sharing autoencoder that compresses visual information using a small set of memory tokens and transfers hierarchical information from encoding to decoding. Experiments show that VisCo surpasses prior methods across all evaluated compression ratios, with larger gains under more aggressive compression, and remains stable even in the extreme single-token setting. Moreover, when combined with the original visual tokens, the learned memory tokens can even improve the base model, suggesting that VisCo captures complementary representations beyond compression.

  • 4 authors
·
Jul 13 3

All for One: LLMs Solve Mental Math at the Last Token With Information Transferred From Other Tokens

Large language models (LLMs) demonstrate proficiency across numerous computational tasks, yet their inner workings remain unclear. In theory, the combination of causal self-attention and multilayer perceptron layers allows every token to access and compute information based on all preceding tokens. In practice, to what extent are such operations present? In this paper, on mental math tasks (i.e., direct math calculation via next-token prediction without explicit reasoning), we investigate this question in three steps: inhibiting input-specific token computations in the initial layers, restricting the routes of information transfer across token positions in the next few layers, and forcing all computation to happen at the last token in the remaining layers. With two proposed techniques, Context-Aware Mean Ablation (CAMA) and Attention-Based Peeking (ABP), we identify an All-for-One subgraph (AF1) with high accuracy on a wide variety of mental math tasks, where meaningful computation occurs very late (in terms of layer depth) and only at the last token, which receives information of other tokens in few specific middle layers. Experiments on a variety of models and arithmetic expressions show that this subgraph is sufficient and necessary for high model performance, transfers across different models, and works on a variety of input styles. Ablations on different CAMA and ABP alternatives reveal their unique advantages over other methods, which may be of independent interest.

  • 4 authors
·
Sep 11, 2025

HapticVLA: Contact-Rich Manipulation via Vision-Language-Action Model without Inference-Time Tactile Sensing

Tactile sensing is a crucial capability for Vision-Language-Action (VLA) architectures, as it enables dexterous and safe manipulation in contact-rich tasks. However, reliance on dedicated tactile hardware increases cost and reduces reproducibility across robotic platforms. We argue that tactile-aware manipulation can be learned offline and deployed without direct haptic feedback at inference. To this end, we present HapticVLA, which proceeds in two tightly coupled stages: Safety-Aware Reward-Weighted Flow Matching (SA-RWFM) and Tactile Distillation (TD). SA-RWFM trains a flow-matching action expert that incorporates precomputed, safety-aware tactile rewards penalizing excessive grasping force and suboptimal grasping trajectories. TD further transfers this tactile-aware capability into a conventional VLA: we distill a compact tactile token from the SA-RWFM teacher and train a student VLA to predict that token from vision and state modalities, enabling tactile-aware action generation at inference without requiring on-board tactile sensors. This design preserves contact-rich tactile-aware reasoning within VLA while removing the need for on-board tactile sensors during deployment. On real-world experiments, HapticVLA achieves a mean success rate of 86.7%, consistently outperforming baseline VLAs - including versions provided with direct tactile feedback during inference.

When Teachers Mislead: Spurious-Signal-Aware On-Policy Distillation

On-Policy distillation (OPD) transfers teacher capabilities by supervising student-sampled trajectories with dense token-level teacher signals. Recent selective OPD methods improve this process by prioritizing signals that are confident, informative, or learnable. However, the assumptions overlook a fundamental failure mode of language models: their token-level judgments can be driven by input-agnostic language priors, formatting conventions, or stereotyped reasoning templates rather than task-specific evidence. We refer to such optimization-relevant but weakly input-grounded supervision as spurious signals in OPD, which may produce large gradients while contributing little task-improving direction. To mitigate this issue, we propose SA-OPD, a Spurious-Signal-Aware On-Policy Distillation framework that identifies and filters misleading token-level supervision based on input-groundedness and optimization impact. SA-OPD introduces a lightweight input-groundedness proxy estimating whether a token-level distillation signal truly depends on the input. It then filters only tokens that simultaneously exhibit low input-groundedness and extreme distillation divergence, thereby removing high-impact spurious updates and achieving fine-grained OPD optimization. Extensive experiments on both large language model (LLM) and vision-language model (VLM) settings demonstrate that SA-OPD consistently outperforms Vanilla OPD and competitive selective methods. These results establish input-groundedness as a key dimension for OPD supervision selection and offer a simple, effective strategy for mitigating spurious updates.

ByteDance ByteDance
·
Aug 3 2

Learning Beyond What You Sample: Off-Policy-Aware Cross-Model Trajectory Exchange for RLVR

Reinforcement Learning with Verifiable Rewards (RLVR) methods such as GRPO rely on successful self-generated trajectories, but finite rollout budgets can produce all-fail groups with no reward-based policy-gradient signal. While additional rollouts improve the chance of success at higher cost, successful trajectories missing from one model's rollouts may already have been discovered by another. Indeed, we observe that heterogeneous models often succeed on complementary prompts, creating opportunities for mutual learning without a designated stronger teacher. To exploit this complementarity, we propose GRAFT (Gated Replacement of Answer-Failed groups with peer Trajectories), an off-policy-aware framework that replaces all-fail groups with informative peer groups. GRAFT transfers both successful and unsuccessful peer responses with peer-computed advantages, while controlling cross-model mismatch through sequence-level compatibility weighting and token-level importance ratio clipping. Across three heterogeneous model pairs and five mathematical reasoning benchmarks, GRAFT consistently improves both models over GRPO with the same per-model rollout budget, gaining 2.1 points on average and up to 4.5 points in model-level average performance. Stored peer trajectories preserve most of the gains, improving over GRPO by 1.8 points on average without simultaneous co-training.

kaist-ai KAIST AI
·
Sep 28 2

DOPD: Dual On-policy Distillation

On-policy distillation (OPD) offers superior capacity transfer by supervising student-sampled trajectories with dense token-level signals. To furnish high-quality supervision sources and thereby elevate the performance frontier of distillation, an intuitive direction is to infuse privileged information to either teacher or student itself. However, this additional input induces a potential failure mode we dub privilege illusion: a pattern that conflates the transferable capability gap that students are meant to close, and the information asymmetry gap that can only be mimicked but never replicated. This issue is further amplified by the inherent non-uniformity of token-level supervision, where only a small subset of tokens carries pivotal capability-bearing signals. To this end, we propose DOPD, an advantage-aware dual distillation paradigm that dynamically routes token-level supervision between privileged teacher and privileged student policies based on their advantage gap and relative probabilities. Each token receives supervision of different strength, objective, and strategy from either teacher or student itself, which transfers credible capability while simultaneously receiving auxiliary signals, to alleviate privilege illusion. Extensive experiments on both large language model (LLM) and vision-language model (VLM) settings demonstrate that DOPD consistently outperforms Vanilla OPD and other counterparts. Further results on stability, robustness, continual learning, and out-of-distribution tasks validate its superiority.

  • 16 authors
·
Jun 28 2

ROM: Real-time Overthinking Mitigation via Streaming Detection and Intervention

Large Reasoning Models (LRMs) often reach a correct solution before their long Chain-of-Thought trace ends, yet continue with redundant verification, repeated attempts, or unnecessary exploration that wastes computation and can even overturn the correct answer. We frame this behavior as a latent productive-to-redundant transition and show it is directly reflected in hidden states: around first-correct-solution (FCS) boundaries, late-layer representations separate efficient from overthinking tokens, while boundary-permutation and position controls collapse. We propose ROM, a streaming intervention framework that monitors a frozen LRM with a lightweight hidden-state detector (sim0.1\% of backbone parameters) and intervenes at well-formed reasoning boundaries; Counterfactual Self-Correction (CSC) balances supervision with wrongrightarrowcorrect trajectories, preserving useful pre-FCS self-correction. Unlike prior adaptive early-exit methods, ROM extracts no intermediate answers, launches no probe decoding, and updates no backbone weights. Across five backbones from three model families and five reasoning benchmarks, against ten recent baselines under a shared protocol, ROM_{CSC} attains the highest accuracy in 19 of 25 model--benchmark settings, cuts response length by 28--77\% (mean 45\%) versus vanilla decoding, and is the only method on the accuracy--length Pareto front in every setting. The same MATH500-trained supervision transfers zero-shot across scales, families, and task domains, and end-to-end wall-clock latency drops by 46.5\% with sim5\% per-token overhead. Code is available at https://github.com/SaFo-Lab/ROM.

  • 4 authors
·
Aug 9

Does On-Policy Distillation Need to Complete Every Rollout?

On-policy distillation (OPD) transfers teacher knowledge to a student through feedback on student-generated rollouts, but generating complete rollouts and computing per-token teacher feedback are computationally expensive. Existing truncation methods save computation by stopping rollouts early. However, they do not compensate for truncated token gradients, which biases the gradient estimates and changes Vanilla OPD's original training objective. Furthermore, their truncation decisions rely on assumptions about supervision quality or criteria that may not generalize across settings. We introduce Stochastic Truncated On-Policy Distillation (STOPD), which accelerates OPD by randomly truncating student rollouts and correcting the resulting sampling bias with blockwise inverse-probability weighting (IPW). At each training step, we sample a stopping position for each rollout before generation and let the student generate until that position or natural termination. We obtain teacher feedback on every generated token and use blockwise IPW to compensate for the lower probability of retaining later tokens while controlling the weights. We prove that this weighting preserves Vanilla OPD's gradient sum in expectation and derive one-step update-error bounds for SGD, Adam, and Muon. We evaluate STOPD across multiple teacher-student model pairs, task domains, and optimizers. STOPD reduces generated tokens by 25-48% while maintaining accuracy comparable to Vanilla OPD, achieving 1.3-2.2x training speedups.

  • 9 authors
·
Oct 18

Channel Location Constrains the Auditability of Subliminal Learning

Subliminal learning lets a student inherit a teacher's hidden trait from distillation data that never names it. We ask when such transfer can be audited before training. The answer is not model identity or scale alone, but channel location: the carrier through which the trait reaches the student. We find three regimes. In a controlled initialization-dependent body channel, a pre-training screen works. Coverage, the cosine between the student's initial distillation update and the teacher's fine-tuning displacement, predicts held-out transfer (Spearman ρapprox 0.95; AUROC 0.997). In pretrained language models, masked single-token traits instead ride convergent vocabulary geometry. This channel is initialization-independent, so initialization-alignment screens, including coverage, are not mechanistic; the useful handles are post-hoc detection and targeted mitigation. Even when a single-token named entity is removed from the loss, the student's held-out probability for that entity rises to 0.40 on average (sim 2500times), and a related semantic class transfers. In an untied-head model, orthogonalizing the trait's output row against entangled neighbours collapses leakage, while equal-size random-subspace edits do not. Thus removing a target string from distillation labels does not remove the corresponding preference: neighbouring tokens can carry it. Finally, conditional behaviours can route through the network body. For sycophancy, with agreement and correction markers masked from the loss, transfer reaches about 0.63 of the teacher's effect, localizes to body computation, and evades four audits across two model families. We scope this as masked transfer of a condition-present policy. Channel location is necessary for deciding which audits can be sound. It is not a deployment-ready screen: an audit used outside its carrier regime can give false assurance.

  • 1 authors
·
Jun 19

NOSA: Native and Offloadable Sparse Attention

Trainable sparse attention has emerged as a promising solution to address the decoding efficiency bottleneck of LLMs in long-context processing, significantly saving memory accesses while minimally impacting task performance. However, existing sparse attention methods leave a crucial limitation unresolved: the size of the key-value (KV) cache remains unreduced, which constrains on-GPU batch sizes and throttles decoding throughput, especially in large-scale batched inference. In this paper, we show that trainable sparse attention naturally exhibits strong locality in token selection across adjacent decoding steps, thereby enabling KV cache offloading without altering the underlying attention computation. However, the inherent locality remains insufficient to achieve efficient offloading, as the transfer of selected KV pairs between the CPU and GPU continues to dominate the overall decoding cost. Building on this insight, we present NOSA, a trainable sparse attention framework designed to natively support KV cache offloading. NOSA introduces explicit locality constraints by decomposing token selection into query-aware and query-agnostic components, thereby reducing KV transfers while preserving the same attention computation as used during training. We pretrain a 1B-parameter model with NOSA and conduct extensive benchmarks, showing that it preserves near-lossless performance while achieving up to a 2.3x improvement in decoding throughput compared with the vanilla trainable sparse attention baseline (InfLLM-V2).

  • 4 authors
·
Oct 15, 2025 2

Cross-modal Information Flow in Multimodal Large Language Models

The recent advancements in auto-regressive multimodal large language models (MLLMs) have demonstrated promising progress for vision-language tasks. While there exists a variety of studies investigating the processing of linguistic information within large language models, little is currently known about the inner working mechanism of MLLMs and how linguistic and visual information interact within these models. In this study, we aim to fill this gap by examining the information flow between different modalities -- language and vision -- in MLLMs, focusing on visual question answering. Specifically, given an image-question pair as input, we investigate where in the model and how the visual and linguistic information are combined to generate the final prediction. Conducting experiments with a series of models from the LLaVA series, we find that there are two distinct stages in the process of integration of the two modalities. In the lower layers, the model first transfers the more general visual features of the whole image into the representations of (linguistic) question tokens. In the middle layers, it once again transfers visual information about specific objects relevant to the question to the respective token positions of the question. Finally, in the higher layers, the resulting multimodal representation is propagated to the last position of the input sequence for the final prediction. Overall, our findings provide a new and comprehensive perspective on the spatial and functional aspects of image and language processing in the MLLMs, thereby facilitating future research into multimodal information localization and editing.

  • 4 authors
·
Nov 27, 2024

MM-OPD: Towards One More Bottleneck Between Perception and Reasoning

Recent multimodal large language models (MLLMs) advance visual reasoning by strengthening both perception and reasoning, implicitly assuming a process that transitions seamlessly from perception to reasoning. However, we observe a counterintuitive phenomenon that challenges this assumption: holding the model, question, and decoding fixed, we replace images with their caption or code representations (symbolic views), which seems to be redundant given the clear image structures, but the performance surprisingly improves by 10.2% to 23.6% across model scales and datasets. We term this performance gap as the Symbolic Visual Gap and then take a closer look at it. Through experiments, we find that although the visual evidence can already appear in the reasoning trace for the image-input model, the symbolic-view-input model shows much higher attention to the correct evidence than the image-input model. This suggests that despite good capabilities from current works in perception and reasoning themselves, another bottleneck exists between perception and reasoning in selecting perceived visual information as appropriate evidence for subsequent reasoning. To handle this bottleneck, since the symbolic view steers attention toward correct evidence and is readily obtained at scale, it provides supervision for evidence selection without manually labeled evidence. Building on this, we introduce MM-OPD, a multimodal on-policy self-distillation framework for symbolic-to-visual correction that transfers guidance from symbolic-conditioned behavior to the image-conditioned policy through residual token-level targets, steering the model toward correct visual evidence. Experiments across benchmarks and model scales show that MM-OPD improves a broad range of multimodal abilities, with gains in visual perception, chart and document understanding, mathematical reasoning, and general VQA.

  • 9 authors
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Sep 25

IceCache: Memory-efficient KV-cache Management for Long-Sequence LLMs

Key-Value (KV) cache plays a crucial role in accelerating inference in large language models (LLMs) by storing intermediate attention states and avoiding redundant computation during autoregressive generation. However, its memory footprint scales linearly with sequence length, often leading to severe memory bottlenecks on resource-constrained hardware. Prior work has explored offloading KV cache to the CPU while retaining only a subset on the GPU, but these approaches often rely on imprecise token selection and suffer performance degradation in long-generation tasks such as chain-of-thought reasoning. In this paper, we propose a novel KV cache management strategy, IceCache, which integrates semantic token clustering with PagedAttention. By organizing semantically related tokens into contiguous memory regions managed by a hierarchical, dynamically updatable data structure, our method enables more efficient token selection and better utilization of memory bandwidth during CPU-GPU transfers. Experimental results on LongBench show that, with a 256-token budget, IceCache maintains 99% of the original accuracy achieved by the full KV cache model. Moreover, compared to other offloading-based methods, IceCache attains competitive or even superior latency and accuracy while using only 25% of the KV cache token budget, demonstrating its effectiveness in long-sequence scenarios. The code is available on our project website at https://yuzhenmao.github.io/IceCache/.

  • 4 authors
·
Apr 11 2

LYNX: Learning Dynamic Exits for Confidence-Controlled Reasoning

Large reasoning models achieve strong performance on complex tasks by generating extended chains of thought, but they often "overthink": continuing to reason long after they have enough information to answer correctly. This wastes inference-time compute and can hurt accuracy. Existing attempts to stop early either manipulate decoding with extra sampling and heuristics, rely on auxiliary verifier models, or operate only as post-hoc analysis pipelines without formal guarantees. We introduce LYNX, an online early-exit mechanism that turns a model's own hidden-state awareness into confidence-controlled stopping decisions. LYNX attaches exit decisions to naturally occurring reasoning cues (e.g., "hmm", "wait") during generation, trains a lightweight probe on hidden states at those cue tokens using supervision from forced exits, and wraps the resulting scores in split conformal prediction to obtain distribution-free control over premature exits. Crucially, we train and calibrate this probe once on a generic mathematical corpus and reuse it unchanged across benchmarks, decoding temperatures, and even non-mathematical tasks. Across three model families spanning 1.5B to 32B parameters, a single mathematically trained probe per base model yields strong accuracy--efficiency tradeoffs. On GSM8K, LYNX matches or improves baseline accuracy while reducing tokens by 40--65\%; on MATH-500 it improves accuracy by up to 12 points with roughly 35--60\% fewer tokens; on AIME 2024 it recovers baseline accuracy with more than 50\% token savings; and on CommonsenseQA, a non-math benchmark, it transfers zero-shot with modest accuracy gains and up to 70\% fewer tokens. Compared to state-of-the-art early-exit methods, LYNX offers competitive or superior Pareto frontiers while remaining fully online, requiring no proxy models at inference, and providing explicit, user-tunable confidence guarantees.

zkBridge: Trustless Cross-chain Bridges Made Practical

Blockchains have seen growing traction with cryptocurrencies reaching a market cap of over 1 trillion dollars, major institution investors taking interests, and global impacts on governments, businesses, and individuals. Also growing significantly is the heterogeneity of the ecosystem where a variety of blockchains co-exist. Cross-chain bridge is a necessary building block in this multi-chain ecosystem. Existing solutions, however, either suffer from performance issues or rely on trust assumptions of committees that significantly lower the security. Recurring attacks against bridges have cost users more than 1.5 billion USD. In this paper, we introduce zkBridge, an efficient cross-chain bridge that guarantees strong security without external trust assumptions. With succinct proofs, zkBridge not only guarantees correctness, but also significantly reduces on-chain verification cost. We propose novel succinct proof protocols that are orders-of-magnitude faster than existing solutions for workload in zkBridge. With a modular design, zkBridge enables a broad spectrum of use cases and capabilities, including message passing, token transferring, and other computational logic operating on state changes from different chains. To demonstrate the practicality of zkBridge, we implemented a prototype bridge from Cosmos to Ethereum, a particularly challenging direction that involves large proof circuits that existing systems cannot efficiently handle. Our evaluation shows that zkBridge achieves practical performance: proof generation takes less than 20 seconds, while verifying proofs on-chain costs less than 230K gas. For completeness, we also implemented and evaluated the direction from Ethereum to other EVM-compatible chains (such as BSC) which involves smaller circuits and incurs much less overhead.

  • 8 authors
·
Oct 1, 2022

"Someone Hid It": Query-Agnostic Black-Box Attacks on LLM-Based Retrieval

Large language models (LLMs) have been serving as effective backbones for retrieval systems, including Retrieval-Augmentation-Generation (RAG), Dense Information Retriever (IR), and Agent Memory Retrieval. Recent studies have demonstrated that such LLM-based Retrieval (LLMR) is vulnerable to adversarial attacks, which manipulates documents by token-level injections and enables adversaries to either boost or diminish these documents in retrieval tasks. However, existing attack studies mainly (1) presume a known query is given to the attacker, and (2) highly rely on access to the victim model's parameters or interactions, which are hardly accessible in real-world scenarios, leading to limited validity. To further explore the secure risks of LLMR, we propose a practical black-box attack method that generates transferable injection tokens based on zero-shot surrogate LLMs without need of victim queries or victim models knowledge. The effectiveness of our attack raises such a robustness issue that similar effects may arise from benign or unintended document edits in the real world. To achieve our attack, we first establish a theoretical framework of LLMR and empirically verify it. Under the framework, we simulate the transferable attack as a min-max problem, and propose an adversarial learning mechanism that finds optimal adversarial tokens with learnable query samples. Our attack is validated to be effective on benchmark datasets across popular LLM retrievers.

  • 11 authors
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Feb 16

The Harness Effect: How Orchestration Design Sets the Token Economics of Enterprise Agentic AI

Agentic AI development today runs on token maxing: buying capability with tokens -- longer reasoning traces, more turns, wider tool payloads, bigger replayed contexts -- so tokens per task grow faster than task value. Falling per-token prices mask the pattern; total spend rises anyway. We argue the decisive lever against token maxing is the harness: the orchestration layer that assembles context, exposes tools, sequences turns, delegates work, and carries enterprise observability and governance. We isolate it with a controlled swap: 22 locked evaluation tasks, six foundation models (Claude Sonnet 4.6, Gemini 3.1, Gemini Flash 3.5, Qwen 3.6, GLM 5.1, Palmyra X6), changing only the orchestration layer -- a frozen conventional production loop versus the Writer Agent Harness. Holding models constant, the harness cuts blended cost per task 41% (0.21->0.12), median wall-clock 44% (48s->27s), and tokens per task 38% (14.2k->8.8k), with task-completion quality at parity (0.78->0.81, directional at this sample size). Efficiency is model-invariant -- every model gets cheaper (33-61%) -- while quality gains are capability-dependent: a model's gain correlates almost perfectly with its baseline strength (r=0.99, n=6), a phenomenon we term harness leverage. Quality per dollar rises 82%; task-completions per million tokens rise from 54.9 to 92.0. On this workload the orchestration layer moved cost per task more than the full spread of the model menu did. We formalize token economics at the orchestration layer (including effective input price under prompt caching), detail the six mechanism families behind the effect -- cache-shape discipline to failure-spend governance -- compare six widely used agent systems on the same axes, and argue the harness is the one component whose efficiency multiplies across every model an organization runs -- present and future.

  • 32 authors
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Jul 7

Discrete Neural Interlingua for Ontology-Agnostic EHR Modeling

EHR foundation models promise scalable clinical prediction across health systems, yet their deployment is constrained by a tokenization bottleneck. The same clinical concept can appear as different ontology codes, local identifiers, synonyms, or free-text descriptions, which standard EHR tokenizers treat as unrelated symbols. A model trained on MIMIC-III with a closed-vocabulary tokenizer can use only 13% of eICU events. We introduce MEDIATOR, a discrete ontology-agnostic tokenizer that maps any clinical concept expressed as text into a shared vector-quantized codebook, turning EHR harmonization into open-vocabulary tokenization without manual mappings or a fixed vocabulary. Trained with synonym supervision and guided by enriched concept descriptions, code co-occurrence, and relation graphs, MEDIATOR collapses equivalent expressions while organizing distinct concepts in a medically meaningful discrete space. Used as the token interface of an EHR Transformer, MEDIATOR improves mean AUPRC over the strongest prior tokenizer by 4.0 points (8% relative) on 20 MIMIC-III tasks and by 8.6 points (29% relative) in zero-shot transfer to 14 eICU tasks, where it uses all events. The transfer gain combines coverage and representation, as MEDIATOR remains the best tokenizer under identical inputs (+1.0 and +1.9 points on operational and subcohort-mortality tasks). Same-encoder controls show that the text encoder drives in-domain accuracy, while the learned objectives of MEDIATOR drive transfer robustness and entity-linking quality. MEDIATOR also enables transferable attribution across hospitals.

  • 9 authors
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Oct 18

How Do AI Agents Spend Your Money? Analyzing and Predicting Token Consumption in Agentic Coding Tasks

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.

  • 8 authors
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Apr 28

How Does Reasoning Flow? Tracing Attention-Induced Information Flow for Targeted RL in LLMs

Token-level credit assignment remains a key obstacle for reinforcement learning (RL) in large language models (LLMs), where RL recipes typically treat all tokens equally, failing to distinguish decisive reasoning steps from routine formatting or fluent filler. Recent attempts leverage model-internal signals to assign finer-grained credit, but these are often point-wise heuristics that ignore the global structure of information propagation. We propose FlowTracer, an RL framework that traces answer-targeted reasoning flow on an attention-induced directed acyclic graph in which nodes correspond to tokens and edge capacities come from aggregated attention weights and derives token credit from this global structure. The edge capacities are reweighted to retain only the influence that can reach the answer region, while enforcing local flow conservation so intermediate tokens neither lose nor gain effective mass due to path length or irrelevant branches. On this graph, FlowTracer extracts an information-flow backbone connecting the question to the answer and scores tokens by flow throughput, revealing high-impact hubs and aggregation checkpoints that mediate long-range dependencies. These derived importances are used to shape token-level rewards, enabling learning signals to focus precisely on the tokens that route information toward (or away from) correct answers and delivering consistent performance gains across a range of reasoning tasks.

alibabagroup alibaba
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Jun 9 2

Eloquent: A More Robust Transmission Scheme for LLM Token Streaming

To render each generated token in real-time for users, the Large Language Model (LLM) server generates tokens one by one and streams each token (or group of a few tokens) through the network to the user right after generation, which we refer to as LLM token streaming. However, under unstable network conditions, the LLM token streaming experience could suffer greatly from stalls since one packet loss could block the rendering of later tokens even if the packets containing them arrive on time. With a measurement study, we show that current applications suffer from increased stalls under unstable networks. For this emerging token streaming problem in LLM Chatbots that differs from previous multimedia and text applications, we propose a novel transmission scheme, called Eloquent, which puts newly generated tokens as well as currently unacknowledged tokens in the next outgoing packet. This ensures that each packet contains some new tokens and, in the meantime, is independently rendered when received, avoiding the aforementioned stalls caused by missing packets. Through simulation under various networks, we show Eloquent reduces stall ratio (proportion of token rendering wait time) by 71.0% compared to the retransmission method commonly used by real chatbot applications and by 31.6% compared to the baseline packet duplication scheme. By tailoring Eloquent to fit the token-by-token generation of LLM, we enable the Chatbots to respond like an eloquent speaker for users to better enjoy pervasive AI.

  • 6 authors
·
Jun 15, 2024

Operating-Layer Controls for Onchain Language-Model Agents Under Real Capital

We study reliability in autonomous language-model agents that translate user mandates into validated tool actions under real capital. The setting is DX Terminal Pro, a 21-day deployment in which 3,505 user-funded agents traded real ETH in a bounded onchain market. Users configured vaults through structured controls and natural-language strategies, but only agents could choose normal buy/sell trades. The system produced 7.5M agent invocations, roughly 300K onchain actions, about $20M in volume, more than 5,000 ETH deployed, roughly 70B inference tokens, and 99.9% settlement success for policy-valid submitted transactions. Long-running agents accumulated thousands of sequential decisions, including 6,000+ prompt-state-action cycles for continuously active agents, yielding a large-scale trace from user mandate to rendered prompt, reasoning, validation, portfolio state, and settlement. Reliability did not come from the base model alone; it emerged from the operating layer around the model: prompt compilation, typed controls, policy validation, execution guards, memory design, and trace-level observability. Pre-launch testing exposed failures that text-only benchmarks rarely measure, including fabricated trading rules, fee paralysis, numeric anchoring, cadence trading, and misread tokenomics. Targeted harness changes reduced fabricated sell rules from 57% to 3%, reduced fee-led observations from 32.5% to below 10%, and increased capital deployment from 42.9% to 78.0% in an affected test population. We show that capital-managing agents should be evaluated across the full path from user mandate to prompt, validated action, and settlement.

DXRG DXRG AI Inc
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Apr 27 2

Efficiently Serving Large Multimodal Models Using EPD Disaggregation

Large Multimodal Models (LMMs) extend Large Language Models (LLMs) by handling diverse inputs such as images, audio, and video, but at the cost of adding a multimodal encoding stage that increases both computational and memory overhead. This step negatively affects key Service Level Objectives (SLOs), such as time to first token (TTFT) and time per output token (TPOT). We introduce Encode-Prefill-Decode (EPD) Disaggregation, a novel framework that separates the encoding, prefill, and decode stages onto dedicated resources. Unlike current systems, which bundle encoding and prefill together, our approach decouples these steps, unlocking new opportunities and optimizations. These include a mechanism to cache multimedia tokens for efficient transfer, a novel way to parallelize the encoding load within a request, a module for optimal resource allocation for disaggregated serving, and a novel role-switching method to handle changing workload characteristics. Experimental evaluations with popular LMMs show substantial gains in memory efficiency (up to 15x lower peak memory utilization), batch sizes (up to 22x larger), 10x more images per request, and 2.2x larger KV caches. Furthermore, it leads to significant improvements in SLO attainment (up to 90-100% improvement) and TTFT (up to 71% reduction), compared to systems that do not disaggregate. The code is available at https://github.com/vbdi/epdserve.

  • 12 authors
·
Dec 25, 2024

Paper Agents, Paper Gains: An Empirical Analysis of DeFi Investment Agents

DeFi investment agents, systems that use AI for autonomous on-chain trading, have attained over USD 3 billion in combined token valuations since late 2024. We survey over 1,900 AI-tagged crypto projects, filter to investment-focused agents, and curate 10 representative projects spanning strategy and observability dimensions. We then conduct a deep-dive architectural analysis of two prominent agent frameworks, ElizaOS and Virtuals Protocol, and a quantitative on-chain performance analysis of 11 Solana-based agent treasuries with publicly attributable trading activity, covering 925,323 token holders. We find that current deployments remain early and heterogeneous: (1) in our sample, many projects do not yet provide clear evidence of autonomous trade execution, and developer interviews suggest that many visible deployments remain basic API integrations; (2) agent treasuries retain over USD 30M in paper gains while token holders collectively lost USD 191.7M, with the top 1% of wallets capturing 81.4% of all gains (USD 1.81B); (3) token valuations are weakly connected to treasury fundamentals, with market-cap-to-AUM ratios exceeding 10,000x versus below 1x for established DeFi protocols; and (4) aggregate user gains peaked at USD 2.4B before declining to net losses, with median returns negative on every platform and tokens declining 93% on average from all-time highs. We interpret these outcomes as characteristic of a permissionless, first-generation market in which open infrastructure enables rapid experimentation but also allows naive or speculative agents to launch before robust standards for autonomy, performance, and stakeholder alignment emerge. We therefore propose a maturity framework along three dimensions: autonomous execution, risk-adjusted profitability, and stakeholder alignment, to characterize the gap between current deployments and future investment-grade agent systems.

  • 3 authors
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May 26