Babak's Daily Briefing

Thursday, March 26, 2026

Sources: 19 | Total Articles: 91

• 1.SpaceRAN: Airbus UpNext explores software-defined 5G NTN from orbit

  Airbus UpNext has launched its SpaceRAN (Space Radio Access Network) demonstrator, a key initiative to advance standardised 5G…

• 2.SoftBank’s Transformer-Based AI-RAN Hits 30% Uplink Gain at Sub-Millisecond Latency

  On August 21, 2025, SoftBank published results from a live, standards-compliant AI-RAN trial that replaces parts of classical signal processing with a lightweight Transformer.

• 3.6G as a Platform for Value

  Reframing the Future with NGMN’s Chairman, Laurent Leboucher By Piotr (Peter) Pietrzyk, Managing Editor, 6GWorld.com In the race…

• 4.SoftBank Road-Tests 7 GHz in Central Tokyo

  SoftBank and Nokia have begun outdoor field trials in Tokyo’s Ginza district using 7 GHz spectrum, installing three pre-commercial base stations to compare coverage and radio characteristics against today’s sub-6 GHz 5G sites.

• 5.NXP’s Acquisition of TTTech Auto Signals Growing Focus on Middleware for Software-Defined Vehicles

  On June 17, 2025, NXP Semiconductors finalized its acquisition of TTTech Auto—a strategic move to integrate TTTech’s flagship…

• 1.GameplayQA: A Benchmarking Framework for Decision-Dense POV-Synced Multi-Video Understanding of 3D Virtual Agents

  Multimodal LLMs are increasingly deployed as perceptual backbones for autonomous agents in 3D environments, from robotics to virtual worlds. These applications require agents to perceive rapid state changes, attribute actions to the correct entities, and reason about concurrent multi-agent behaviors from a first-person perspective, capabilities that existing benchmarks do not adequately evaluate. We introduce GameplayQA, a framework for evaluating agentic-centric perception and reasoning through video understanding. Specifically, we densely annotate multiplayer 3D gameplay videos at 1.22 labels/second, with time-synced, concurrent captions of states, actions, and events structured around a triadic system of Self, Other Agents, and the World, a natural decomposition for multi-agent environments. From these annotations, we refined 2.4K diag...

• 2.Language-Grounded Multi-Agent Planning for Personalized and Fair Participatory Urban Sensing

  Participatory urban sensing leverages human mobility for large-scale urban data collection, yet existing methods typically rely on centralized optimization and assume homogeneous participants, resulting in rigid assignments that overlook personal preferences and heterogeneous urban contexts. We propose MAPUS, an LLM-based multi-agent framework for personalized and fair participatory urban sensing. In our framework, participants are modeled as autonomous agents with individual profiles and schedules, while a coordinator agent performs fairness-aware selection and refines sensing routes through language-based negotiation. Experiments on real-world datasets show that MAPUS achieves competitive sensing coverage while substantially improving participant satisfaction and fairness, promoting more human-centric and sustainable urban sensing syste...

• 3.Self-Evolving Multi-Agent Framework for Efficient Decision Making in Real-Time Strategy Scenarios

  Large language models (LLMs) have demonstrated exceptional potential in complex reasoning,pioneering a new paradigm for autonomous agent decision making in dynamic settings. However, in Real-Time Strategy (RTS) scenarios, LLMs suffer from a critical speed-quality trade-off. Specifically expansive state spaces and time limits render inference delays prohibitive, while stochastic planning errors undermine logical consistency. To address these challenges, we present SEMA (Self-Evolving Multi-Agent), a novel framework designed for high-performance, low-latency decision-making in RTS environments. This collaborative multi-agent framework facilitates self-evolution by adaptively calibrating model bias through in-episode assessment and cross-episode analysis. We further incorporate dynamic observation pruning based on structural entropy to model...

• 4.TrustTrade: Human-Inspired Selective Consensus Reduces Decision Uncertainty in LLM Trading Agents

  Large language models (LLMs) are increasingly deployed as autonomous agents in financial trading. However, they often exhibit a hazardous behavioral bias that we term uniform trust, whereby retrieved information is implicitly assumed to be factual and heterogeneous sources are treated as equally informative. This assumption stands in sharp contrast to human decision-making, which relies on selective filtering, cross-validation, and experience-driven weighting of information sources. As a result, LLM-based trading systems are particularly vulnerable to multi-source noise and misinformation, amplifying factual hallucinations and leading to unstable risk-return performance. To bridge this behavioral gap, we introduce TrustTrade (Trust-Rectified Unified Selective Trader), a multi-agent selective consensus framework inspired by human epistemic...

• 5.Causal Evidence that Language Models use Confidence to Drive Behavior

  Metacognition -- the ability to assess one's own cognitive performance -- is documented across species, with internal confidence estimates serving as a key signal for adaptive behavior. While confidence can be extracted from Large Language Model (LLM) outputs, whether models actively use these signals to regulate behavior remains a fundamental question. We investigate this through a four-phase abstention paradigm.Phase 1 established internal confidence estimates in the absence of an abstention option. Phase 2 revealed that LLMs apply implicit thresholds to these estimates when deciding to answer or abstain. Confidence emerged as the dominant predictor of behavior, with effect sizes an order of magnitude larger than knowledge retrieval accessibility (RAG scores) or surface-level semantic features. Phase 3 provided causal evidence through a...

• 1.Leveraging Computerized Adaptive Testing for Cost-effective Evaluation of Large Language Models in Medical Benchmarking

  arXiv:2603.23506v1 Announce Type: new Abstract: The rapid proliferation of large language models (LLMs) in healthcare creates an urgent need for scalable and psychometrically sound evaluation methods. Conventional static benchmarks are costly to administer repeatedly, vulnerable to data contamination, and lack calibrated measurement properties for fine-grained performance tracking. We propose and validate a computerized adaptive testing (CAT) framework grounded in item response theory (IRT) for efficient assessment of standardized medical knowledge in LLMs. The study comprises a two-phase design: a Monte Carlo simulation to identify optimal CAT configurations and an empirical evaluation of 38 LLMs using a human-calibrated medical item bank. Each model completed both the full item bank and an adaptive test that dynamically selected items ...

• 2.Beyond Masks: Efficient, Flexible Diffusion Language Models via Deletion-Insertion Processes

  arXiv:2603.23507v1 Announce Type: new Abstract: While Masked Diffusion Language Models (MDLMs) relying on token masking and unmasking have shown promise in language modeling, their computational efficiency and generation flexibility remain constrained by the masking paradigm. In this paper, we propose Deletion-Insertion Diffusion language models (DID) that rigorously formulate token deletion and insertion as discrete diffusion processes, replacing the masking and unmasking processes in current MDLMs. DID improves training and inference efficiency by eliminating two major sources of computational overhead in MDLMs: the computations on non-informative 1) tokens inherent to the paradigm, and 2) tokens introduced in variable-length settings. Furthermore, DID offers greater flexibility by: 1) natively supporting variable-length s...

• 3.Fast and Faithful: Real-Time Verification for Long-Document Retrieval-Augmented Generation Systems

  arXiv:2603.23508v1 Announce Type: new Abstract: Retrieval-augmented generation (RAG) is increasingly deployed in enterprise search and document-centric assistants, where responses must be grounded in long and complex source materials. In practice, verifying that generated answers faithfully reflect retrieved documents is difficult: large language models can check long contexts but are too slow and costly for interactive services, while lightweight classifiers operate within strict context limits and frequently miss evidence outside truncated passages. We present the design of a real-time verification component integrated into a production RAG pipeline that enables full-document grounding under latency constraints. The system processes documents up to 32K tokens and employs adaptive inference strategies to balance response time and verifi...

• 4.Internal Safety Collapse in Frontier Large Language Models

  arXiv:2603.23509v1 Announce Type: new Abstract: This work identifies a critical failure mode in frontier large language models (LLMs), which we term Internal Safety Collapse (ISC): under certain task conditions, models enter a state in which they continuously generate harmful content while executing otherwise benign tasks. We introduce TVD (Task, Validator, Data), a framework that triggers ISC through domain tasks where generating harmful content is the only valid completion, and construct ISC-Bench containing 53 scenarios across 8 professional disciplines. Evaluated on JailbreakBench, three representative scenarios yield worst-case safety failure rates averaging 95.3% across four frontier LLMs (including GPT-5.2 and Claude Sonnet 4.5), substantially exceeding standard jailbreak attacks. Frontier models are more vulnerable than earlier L...

• 5.Visuospatial Perspective Taking in Multimodal Language Models

  arXiv:2603.23510v1 Announce Type: new Abstract: As multimodal language models (MLMs) are increasingly used in social and collaborative settings, it is crucial to evaluate their perspective-taking abilities. Existing benchmarks largely rely on text-based vignettes or static scene understanding, leaving visuospatial perspective-taking (VPT) underexplored. We adapt two evaluation tasks from human studies: the Director Task, assessing VPT in a referential communication paradigm, and the Rotating Figure Task, probing perspective-taking across angular disparities. Across tasks, MLMs show pronounced deficits in Level 2 VPT, which requires inhibiting one's own perspective to adopt another's. These results expose critical limitations in current MLMs' ability to represent and reason about alternative perspectives, with implications for their use i...

• 1.Beyond Accuracy: Introducing a Symbolic-Mechanistic Approach to Interpretable Evaluation

  arXiv:2603.23517v1 Announce Type: new Abstract: Accuracy-based evaluation cannot reliably distinguish genuine generalization from shortcuts like memorization, leakage, or brittle heuristics, especially in small-data regimes. In this position paper, we argue for mechanism-aware evaluation that combines task-relevant symbolic rules with mechanistic interpretability, yielding algorithmic pass/fail scores that show exactly where models generalize versus exploit patterns. We demonstrate this on NL-to-SQL by training two identical architectures under different conditions: one without schema information (forcing memorization), one with schema (enabling grounding). Standard evaluation shows the memorization model achieves 94% field-name accuracy on unseen data, falsely suggesting competence. Our symbolic-mechanistic evaluation reveals this model ...

• 2.Implicit Turn-Wise Policy Optimization for Proactive User-LLM Interaction

  arXiv:2603.23550v1 Announce Type: new Abstract: Multi-turn human-AI collaboration is fundamental to deploying interactive services such as adaptive tutoring, conversational recommendation, and professional consultation. However, optimizing these interactions via reinforcement learning is hindered by the sparsity of verifiable intermediate rewards and the high stochasticity of user responses. To address these challenges, we introduce Implicit Turn-wise Policy Optimization (ITPO). ITPO leverages an implicit process reward model to derive fine-grained, turn-wise process rewards from sparse outcome signals. Unlike volatile token-level rewards, these turn-level signals exhibit superior robustness and may utilize a normalization mechanism to further enhance training stability. We evaluate ITPO across three representative multi-turn collaborativ...

• 3.Upper Entropy for 2-Monotone Lower Probabilities

  arXiv:2603.23558v1 Announce Type: new Abstract: Uncertainty quantification is a key aspect in many tasks such as model selection/regularization, or quantifying prediction uncertainties to perform active learning or OOD detection. Within credal approaches that consider modeling uncertainty as probability sets, upper entropy plays a central role as an uncertainty measure. This paper is devoted to the computational aspect of upper entropies, providing an exhaustive algorithmic and complexity analysis of the problem. In particular, we show that the problem has a strongly polynomial solution, and propose many significant improvements over past algorithms proposed for 2-monotone lower probabilities and their specific cases.

• 4.Synthetic Mixed Training: Scaling Parametric Knowledge Acquisition Beyond RAG

  arXiv:2603.23562v1 Announce Type: new Abstract: Synthetic data augmentation helps language models learn new knowledge in data-constrained domains. However, naively scaling existing synthetic data methods by training on more synthetic tokens or using stronger generators yields diminishing returns below the performance of RAG. To break the RAG ceiling, we introduce Synthetic Mixed Training, which combines synthetic QAs and synthetic documents. This leverages their complementary training signals, and enables log-linear improvements as both synthetic data volume and generator strength increase. This allows the model to outperform RAG by a 2.6\% relative gain on QuaLITY, a long-document reading comprehension benchmark. In addition, we introduce Focal Rewriting, a simple technique for synthetic document generation that explicitly conditions doc...

• 5.Safe Reinforcement Learning with Preference-based Constraint Inference

  arXiv:2603.23565v1 Announce Type: new Abstract: Safe reinforcement learning (RL) is a standard paradigm for safety-critical decision making. However, real-world safety constraints can be complex, subjective, and even hard to explicitly specify. Existing works on constraint inference rely on restrictive assumptions or extensive expert demonstrations, which is not realistic in many real-world applications. How to cheaply and reliably learn these constraints is the major challenge we focus on in this study. While inferring constraints from human preferences offers a data-efficient alternative, we identify the popular Bradley-Terry (BT) models fail to capture the asymmetric, heavy-tailed nature of safety costs, resulting in risk underestimation. It is still rare in the literature to understand the impacts of BT models on the downstream policy...

• 1.Quadrature Oscillation System for Coordinated Motion in Crawling Origami Robot

  arXiv:2603.23666v1 Announce Type: new Abstract: Origami-inspired robots offer rapid, accessible design and manufacture with diverse functionalities. In particular, origami robots without conventional electronics have the unique advantage of functioning in extreme environments such as ones with high radiation or large magnetic fields. However, the absence of sophisticated control systems limits these robots to simple autonomous behaviors. In our previous studies, we developed a printable, electronics-free, and self-sustained oscillator that generates simple complementary square-wave signals. Our study presents a quadrature oscillation system capable of generating four square-wave signals a quarter-cycle out of phase, enabling four distinct states. Such control signals are important in various engineering and robotics applications, such as ...

• 2.Bio-Inspired Event-Based Visual Servoing for Ground Robots

  arXiv:2603.23672v1 Announce Type: new Abstract: Biological sensory systems are inherently adaptive, filtering out constant stimuli and prioritizing relative changes, likely enhancing computational and metabolic efficiency. Inspired by active sensing behaviors across a wide range of animals, this paper presents a novel event-based visual servoing framework for ground robots. Utilizing a Dynamic Vision Sensor (DVS), we demonstrate that by applying a fixed spatial kernel to the asynchronous event stream generated from structured logarithmic intensity-change patterns, the resulting net event flux analytically isolates specific kinematic states. We establish a generalized theoretical bound for this event rate estimator and show that linear and quadratic spatial profiles isolate the robot's velocity and position-velocity product, respectively. ...

• 3.Learning What Can Be Picked: Active Reachability Estimation for Efficient Robotic Fruit Harvesting

  arXiv:2603.23679v1 Announce Type: new Abstract: Agriculture remains a cornerstone of global health and economic sustainability, yet labor-intensive tasks such as harvesting high-value crops continue to face growing workforce shortages. Robotic harvesting systems offer a promising solution; however, their deployment in unstructured orchard environments is constrained by inefficient perception-to-action pipelines. In particular, existing approaches often rely on exhaustive inverse kinematics or motion planning to determine whether a target fruit is reachable, leading to unnecessary computation and delayed decision-making. Our approach combines RGB-D perception with active learning to directly learn reachability as a binary decision problem. We then leverage active learning to selectively query the most informative samples for reachability l...

• 4.ROSCell: A ROS2-Based Framework for Automated Formation and Orchestration of Multi-Robot Systems

  arXiv:2603.23690v1 Announce Type: new Abstract: Modern manufacturing under High-Mix-Low-Volume requirements increasingly relies on flexible and adaptive matrix production systems, which depend on interconnected heterogeneous devices and rapid task reconfiguration. To address these needs, we present ROSCell, a ROS2-based framework that enables the flexible formation and management of a computing continuum across various devices. ROSCell allows users to package existing robotic software as deployable skills and, with simple requests, assemble isolated cells, automatically deploy skill instances, and coordinate their communication to meet task objectives. It provides a scalable and low-overhead foundation for adaptive multi-robot computing in dynamic production environments. Experimental results show that, in the idle state, ROSCell substant...

• 5.Form-Fitting, Large-Area Sensor Mounting for Obstacle Detection

  arXiv:2603.23725v1 Announce Type: new Abstract: We introduce a low-cost method for mounting sensors onto robot links for large-area sensing coverage that does not require the sensor's positions or orientations to be calibrated before use. Using computer aided design (CAD), a robot skin covering, or skin unit, can be procedurally generated to fit around a nondevelopable surface, a 3D surface that cannot be flattened into a 2D plane without distortion, of a robot. The skin unit embeds mounts for printed circuit boards of any size to keep sensors in fixed and known locations. We demonstrate our method by constructing point cloud images of obstacles within the proximity of a Franka Research 3 robot's operational environment using an array of time of flight (ToF) imagers mounted on a printed skin unit and attached to the robot arm.

• 1.Adapting Altman's bankruptcy prediction model to the compositional data methodology

  Using standard financial ratios as variables in statistical analyses has been related to several serious problems, such as extreme outliers, asymmetry, non-normality, and non-linearity. The compositional-data methodology has been successfully applied to solve these problems and has always yielded substantially different results when compared to standard financial ratios. An under-researched area is the use of financial log-ratios computed with the compositional-data methodology to predict bankruptcy or the related terms of business default, insolvency or failure. Another under-researched area is the use of machine learning methods in combination with compositional log-ratios. The present article adapts the classical Altman bankruptcy prediction model and some of its extensions to the compositional methodology with pairwise log-ratios and ...

• 2.LineMVGNN: Anti-Money Laundering with Line-Graph-Assisted Multi-View Graph Neural Networks

  Anti-money laundering (AML) systems are important for protecting the global economy. However, conventional rule-based methods rely on domain knowledge, leading to suboptimal accuracy and a lack of scalability. Graph neural networks (GNNs) for digraphs (directed graphs) can be applied to transaction graphs and capture suspicious transactions or accounts. However, most spectral GNNs do not naturally support multi-dimensional edge features, lack interpretability due to edge modifications, and have limited scalability owing to their spectral nature. Conversely, most spatial methods may not capture the money flow well. Therefore, in this work, we propose LineMVGNN (Line-Graph-Assisted Multi-View Graph Neural Network), a novel spatial method that considers payment and receipt transactions. Specifically, the LineMVGNN model extends a lightweight...

• 3.High-Resolution Tensor-Network Fourier Methods for Exponentially Compressed Non-Gaussian Aggregate Distributions

  Characteristic functions of weighted sums of independent random variables exhibit low-rank structure in the quantized tensor train (QTT) representation, also known as matrix product states (MPS), enabling up to exponential compression of their fully non-Gaussian probability distributions. Under variable independence, the global characteristic function factorizes into local terms. Its low-rank QTT structure arises from intrinsic spectral smoothness in continuous models, or from spectral energy concentration as the number of components $D$ grows in discrete models. We demonstrate this on weighted sums of Bernoulli and lognormal random variables. In the former, despite an adversarial, incompressible small-$D$ regime, the characteristic function undergoes a sharp bond-dimension collapse for $D \gtrsim 300$ components, enabling polylogarithmic...

• 4.Conditionally Identifiable Latent Representation for Multivariate Time Series with Structural Dynamics

  We propose the Identifiable Variational Dynamic Factor Model (iVDFM), which learns latent factors from multivariate time series with identifiability guarantees. By applying iVAE-style conditioning to the innovation process driving the dynamics rather than to the latent states, we show that factors are identifiable up to permutation and component-wise affine (or monotone invertible) transformations. Linear diagonal dynamics preserve this identifiability and admit scalable computation via companion-matrix and Krylov methods. We demonstrate improved factor recovery on synthetic data, stable intervention accuracy on synthetic SCMs, and competitive probabilistic forecasting on real-world benchmarks.

• 5.FinRL-X: An AI-Native Modular Infrastructure for Quantitative Trading

  We present FinRL-X, a modular and deployment-consistent trading architecture that unifies data processing, strategy construction, backtesting, and broker execution under a weight-centric interface. While existing open-source platforms are often backtesting- or model-centric, they rarely provide system-level consistency between research evaluation and live deployment. FinRL-X addresses this gap through a composable strategy pipeline that integrates stock selection, portfolio allocation, timing, and portfolio-level risk overlays within a unified protocol. The framework supports both rule-based and AI-driven components, including reinforcement learning allocators and LLM-based sentiment signals, without altering downstream execution semantics. FinRL-X provides an extensible foundation for reproducible, end-to-end quantitative trading researc...

• 1.From Rich Text to Video: RCS Universal Profile 4.0 has arrived

  Summary available at source link.

• 2.Mobile Money accounted for $2 trillion in  transactions in 2025, doubling since 2021 as active accounts continue to grow

  Summary available at source link.

• 3.Strengthening the Global Fight Against Fraud and Scams – Takeaways from the Global Fraud Summit in Vienna

  Summary available at source link.

• 4.GSMA MWC26 Barcelona closes 20th anniversary edition

  Summary available at source link.

• 5.From Ambition to Execution: How Open Gateway Is Scaling the Global API Economy

  Summary available at source link.

• 1.LensWalk: Agentic Video Understanding by Planning How You See in Videos

  The dense, temporal nature of video presents a profound challenge for automated analysis. Despite the use of powerful Vision-Language Models, prevailing methods for video understanding are limited by the inherent disconnect between reasoning and perception: they rely on static, pre-processed information and cannot actively seek raw evidence from video as their understanding evolves. To address this, we introduce LensWalk, a flexible agentic framework that empowers a Large Language Model reasoner to control its own visual observation actively. LensWalk establishes a tight reason-plan-observe loop where the agent dynamically specifies, at each step, the temporal scope and sampling density of the video it observes. Using a suite of versatile, Vision-Language Model based tools parameterized by these specifications, the agent can perform broad...

• 2.Video-Only ToM: Enhancing Theory of Mind in Multimodal Large Language Models

  As large language models (LLMs) continue to advance, there is increasing interest in their ability to infer human mental states and demonstrate a human-like Theory of Mind (ToM). Most existing ToM evaluations, however, are centered on text-based inputs, while scenarios relying solely on visual information receive far less attention. This leaves a gap, since real-world human-AI interaction typically requires multimodal understanding. In addition, many current methods regard the model as a black box and rarely probe how its internal attention behaves in multiple-choice question answering (QA). The impact of LLM hallucinations on such tasks is also underexplored from an interpretability perspective. To address these issues, we introduce VisionToM, a vision-oriented intervention framework designed to strengthen task-aware reasoning. The core ...

• 3.Mechanic: Sorrifier-Driven Formal Decomposition Workflow for Automated Theorem Proving

  Recent advances in large language models (LLMs) and LLM-based agents have substantially improved the capabilities of automated theorem proving. However, for problems requiring complex mathematical reasoning, current systems rarely succeed on the first try and must repeatedly modify their proof strategies. Existing approaches for handling failed attempts typically either discard the entire proof and regenerate it from scratch or iteratively fix errors within the proof. The former is inefficient, as it may abandon mostly correct reasoning due to localized errors, while the latter, although preserving prior progress, leads to progressively longer contexts which progressively degrades the model's ability to attend to the remaining unresolved subproblems. To address this dilemma, we propose Mechanic, a novel agent system that employs a sorry-d...

• 4.When AI Meets Early Childhood Education: Large Language Models as Assessment Teammates in Chinese Preschools

  High-quality teacher-child interaction (TCI) is fundamental to early childhood development, yet traditional expert-based assessment faces a critical scalability challenge. In large systems like China's-serving 36 million children across 250,000+ kindergartens-the cost and time requirements of manual observation make continuous quality monitoring infeasible, relegating assessment to infrequent episodic audits that limit timely intervention and improvement tracking. In this paper, we investigate whether AI can serve as a scalable assessment teammate by extracting structured quality indicators and validating their alignment with human expert judgments. Our contributions include: (1) TEPE-TCI-370h (Tracing Effective Preschool Education), the first large-scale dataset of naturalistic teacher-child interactions in Chinese preschools (370 hours,...

• 5.MolEvolve: LLM-Guided Evolutionary Search for Interpretable Molecular Optimization

  Despite deep learning's success in chemistry, its impact is hindered by a lack of interpretability and an inability to resolve activity cliffs, where minor structural nuances trigger drastic property shifts. Current representation learning, bound by the similarity principle, often fails to capture these structural-activity discontinuities. To address this, we introduce MolEvolve, an evolutionary framework that reformulates molecular discovery as an autonomous, look-ahead planning problem. Unlike traditional methods that depend on human-engineered features or rigid prior knowledge, MolEvolve leverages a Large Language Model (LLM) to actively explore and evolve a library of executable chemical symbolic operations. By utilizing the LLM to cold start and an Monte Carlo Tree Search (MCTS) engine for test-time planning with external tools (e.g....

• 1.Polynomial Speedup in Diffusion Models with the Multilevel Euler-Maruyama Method

  We introduce the Multilevel Euler-Maruyama (ML-EM) method compute solutions of SDEs and ODEs using a range of approximators $f^1,\dots,f^k$ to the drift $f$ with increasing accuracy and computational cost, only requiring a few evaluations of the most accurate $f^k$ and many evaluations of the less costly $f^1,\dots,f^{k-1}$. If the drift lies in the so-called Harder than Monte Carlo (HTMC) regime, i.e. it requires $ε^{-γ}$ compute to be $ε$-approximated for some $γ>2$, then ML-EM $ε$-approximates the solution of the SDE with $ε^{-γ}$ compute, improving over the traditional EM rate of $ε^{-γ-1}$. In other terms it allows us to solve the SDE at the same cost as a single evaluation of the drift. In the context of diffusion models, the different levels $f^{1},\dots,f^{k}$ are obtained by training UNets of increasing sizes, and ML-EM allows us...

• 2.TAG: Target-Agnostic Guidance for Stable Object-Centric Inference in Vision-Language-Action Models

  Vision--Language--Action (VLA) policies have shown strong progress in mapping language instructions and visual observations to robotic actions, yet their reliability degrades in cluttered scenes with distractors. By analyzing failure cases, we find that many errors do not arise from infeasible motions, but from instance-level grounding failures: the policy often produces a plausible grasp trajectory that lands slightly off-target or even on the wrong object instance. To address this issue, we propose TAG (Target-Agnostic Guidance), a simple inference-time guidance mechanism that explicitly reduces distractor- and appearance-induced bias in VLA policies. Inspired by classifier-free guidance (CFG), TAG contrasts policy predictions under the original observation and an object-erased observation, and uses their difference as a residual steeri...

• 3.Towards Training-Free Scene Text Editing

  Scene text editing seeks to modify textual content in natural images while maintaining visual realism and semantic consistency. Existing methods often require task-specific training or paired data, limiting their scalability and adaptability. In this paper, we propose TextFlow, a training-free scene text editing framework that integrates the strengths of Attention Boost (AttnBoost) and Flow Manifold Steering (FMS) to enable flexible, high-fidelity text manipulation without additional training. Specifically, FMS preserves the structural and style consistency by modeling the visual flow of characters and background regions, while AttnBoost enhances the rendering of textual content through attention-based guidance. By jointly leveraging these complementary modules, our approach performs end-to-end text editing through semantic alignment and ...

• 4.SEGAR: Selective Enhancement for Generative Augmented Reality

  Generative world models offer a compelling foundation for augmented-reality (AR) applications: by predicting future image sequences that incorporate deliberate visual edits, they enable temporally coherent, augmented future frames that can be computed ahead of time and cached, avoiding per-frame rendering from scratch in real time. In this work, we present SEGAR, a preliminary framework that combines a diffusion-based world model with a selective correction stage to support this vision. The world model generates augmented future frames with region-specific edits while preserving others, and the correction stage subsequently aligns safety-critical regions with real-world observations while preserving intended augmentations elsewhere. We demonstrate this pipeline in driving scenarios as a representative setting where semantic region structu...

• 5.Robust Multilingual Text-to-Pictogram Mapping for Scalable Reading Rehabilitation

  Reading comprehension presents a significant challenge for children with Special Educational Needs and Disabilities (SEND), often requiring intensive one-on-one reading support. To assist therapists in scaling this support, we developed a multilingual, AI-powered interface that automatically enhances text with visual scaffolding. This system dynamically identifies key concepts and maps them to contextually relevant pictograms, supporting learners across languages. We evaluated the system across five typologically diverse languages (English, French, Italian, Spanish, and Arabic), through multilingual coverage analysis, expert clinical review by speech therapists and special education professionals, and latency assessment. Evaluation results indicate high pictogram coverage and visual scaffolding density across the five languages. Expert au...

• 1.How Morningstar’s CEO Drives Relentless Execution

  Aleksandar Savic Many investors rely on Morningstar for independent financial analysis and insights, but few people are familiar with the company behind the ratings. From Morningstar’s origins rating mutual funds, the company has expanded its product line, customer base, and global footprint and realized a tenfold increase in revenues and profits between 2005 and 2025. […]

• 2.An AI Reckoning for HR: Transform or Fade Away

  Carolyn Geason-Beissel/MIT SMR | Getty Images For decades, human resource leaders have talked about the need to shift their focus from having responsibility for compliance to acting as architects of talent strategy. And for decades, the pattern of HR being stuck in age-old roles has persisted. But there is new pressure to redefine the role. […]

• 3.Shifting AI From Fear to Optimism: U.S. Department of Labor’s Taylor Stockton

  In this episode of the Me, Myself, and AI podcast, host Sam Ransbotham speaks with Taylor Stockton, chief innovation officer at the U.S. Department of Labor, about how artificial intelligence is reshaping the workforce. Taylor emphasizes that AI is having an economywide impact, transforming tasks within nearly every job rather than affecting only certain industries […]

• 4.Why Leaders Lose the Room in High-Stakes Meetings

  Carolyn Geason-Beissel/MIT SMR | Getty Images Most advice about leadership communication focuses on presentation skills: Be concise, be clear, tell better stories. But the most consequential leadership communication happens in meetings where tough issues are being discussed and real decisions are being made. Even some of the most skilled leaders find themselves in moments where […]

• 5.How Goldman Sachs Stays Agile: HR Leader Jacqueline Arthur

  Aleksandar Savic After World War II, Goldman Sachs ranked 10th among the top 30 U.S. investment banks. Twenty-seven of those once-mighty Wall Street rivals, including Salomon, Lehman, and First Boston, have been relegated to the annals of business history. Goldman, in contrast, is a global powerhouse, employing more than 46,000 people, operating in more than […]

• 1.Medicaid Coverage for Obesity Medications: Utilization and Net-of-Rebate Spending -- by Coady Wing, Wei-Lun Lo, Maddie Potter, Tarik Yuce, Alberto Ortega, John Cawley, Thuy D. Nguyen, Kosali I. Simon

  We document state variation in Medicaid coverage for obesity-indicated GLP-1 medications over time, and use a stacked difference-in-differences design to estimate the effects of coverage on utilization and net-of-rebate spending. Nine quarters out, coverage increases prescriptions for obesity-indicated GLP-1 medications by 0.82 per 100 enrollee-months (SE = 0.10). Coverage had no effect on GLP-1 prescribing for diabetes or cardiovascular indications, suggesting that off-label prescribing of diabetes formulations for obesity is not very common in the Medicaid program. The expansions do not appear to affect consumer spending at major online GLP-1 compounding firms, which suggests that the utilization response in our main analysis reflects new utilization rather than crowd-out. We find that coverage increases net-of-rebate Medicaid spending ...

• 2.Reserve Demand Estimation with Minimal Theory -- by Ricardo Lagos, Gastón Navarro

  We propose a new reserve-demand estimation strategy---a middle ground between atheoretical reduced-form econometric approaches and fully structural quantitative-theoretic approaches. The strategy consists of an econometric specification that satisfies core restrictions implied by theory and controls for changes in administered-rate spreads that induce rotations and shifts in reserve demand. The resulting approach is as user-friendly as existing reduced-form econometric methods but improves upon them by incorporating a minimal set of theoretical restrictions that any reserve demand must satisfy. We apply this approach to U.S. data and obtain reserve-demand estimates that are broadly consistent with the structural estimates.

• 3.Identifying Uncertainty, Learning about Productivity, and Human Capital Acquisition: A Reassessment of Labor Market Sorting and Firm Monopsony Power -- by Cristina Gualdani, Elena Pastorino, Áureo de Paula, Sergio Salgado

  We examine the empirical content of a large class of dynamic matching models of the labor market with ex-ante heterogeneous firms and workers, symmetric uncertainty and learning about workers’ productivity, and firms’ monopsony power. We allow workers’ human capital, acquired before and after entry into the labor market, to be general across firms to varying degrees. Such a framework nests and extends known models of worker turnover across firms, occupational choice, wage growth, wage differentials across occupations, firms, and industries, and wage dispersion across workers and over the life cycle. We establish intuitive conditions under which the model primitives are semiparametrically identified solely from data on workers’ wages and jobs, despite the dynamics of these models giving rise to complex patterns of selection based on endoge...

• 4.Financial Conditions Targeting in a Multi-Asset Open Economy -- by Ricardo J. Caballero, Alp Simsek

  We analyze monetary policy responses to noisy financial conditions in an open economy where exchange rates and domestic asset prices affect aggregate demand. Noise traders operate in both markets, and specialized arbitrageurs have limited risk-bearing capacity. Monetary policy creates cross-market spillovers: by adjusting the interest rate to stabilize one market, the central bank influences volatility in the other. We show that targeting a financial conditions index (FCI)—a weighted average of exchange rates and domestic asset prices—delivers substantial macroeconomic benefits. FCI targeting commits the central bank to respond to unexpected movements in financial conditions beyond what discretionary monetary policy implies. These stronger responses improve diversification across markets: each market becomes more exposed to external shock...

• 5.Standardized Test Scores and Academic Performance at a Public University System -- by Theodore J. Joyce, Mina Afrouzi Khosroshahi, Sarah Truelsch, Kerstin Gentsch, Kyle Du

  Recent studies of Ivy-Plus institutions suggest that standardized test scores (SAT/ACT) are far better predictors of college success than high school grade point average (HS-GPA), prompting a return to the requirement that test scores be submitted for admission at elite colleges. We ask whether re-establishing the SAT requirement for admission at a large urban public university system would improve the predictability of academic outcomes. Using administrative data for the 2010-2019 first-year cohorts, we update earlier work of students from public universities as to the relative predictive power of HSGPA and SAT scores on first-year outcomes and graduation rates. Contrary to findings at elite private institutions, we find that HSGPA is the dominant predictor of academic success in this public system. A one-standard-deviation increase in H...

• 1.Sports Betting Is Everywhere, Especially on Credit Reports

  Since 2018, more than thirty states have legalized mobile sports betting, leading to more than a half trillion dollars in wagers. In our recent Staff Report, we examine how legalized sports betting affects household financial health by comparing betting activity and consumer credit outcomes between states that legalized to those that have not. We find that legalization increases spending at online sportsbooks roughly tenfold, but betting does not stop at state boundaries. Nearby areas where betting is not legal still experience roughly 15 percent the increase of counties where it is legal. At the same time, consumer financial health suffers. Our analysis finds rising delinquencies in participating states,...

• 2.China’s Electric Trade

  China has spent considerable government resources to develop advanced electric technology industries, such as those that produce electric vehicles, lithium batteries, and solar panels. These efforts have spilled over to international trade as improvements in price and quality have increased the global demand for these goods. One consequence is that passenger cars and batteries have been disproportionately large contributors to the rise in the country’s trade surplus in recent years. This has not been the case, though, for solar panels, as falling prices due to a supply glut pulled down export revenues despite higher volumes.

• 3.The New York Fed DSGE Model Forecast—March 2026

  This post presents an update of the economic forecasts generated by the Federal Reserve Bank of New York’s dynamic stochastic general equilibrium (DSGE) model. We describe very briefly our forecast and its change since December 2025. To summarize, growth in 2026 is expected to be more robust, and inflation more persistent, than predicted in December. Stronger investment is the main driver for higher growth, while cost-push shocks, possibly capturing the effects of tariffs, are the key factors behind higher inflation. Projections for the short-run real natural rate of interest (r*) are the same as in December.

• 4.Firms’ Inflation Expectations Return to 2024 Levels

  Businesses experienced substantial cost pressures in 2025 as the cost of insurance and utilities rose sharply, while an increase in tariffs contributed to rising goods and materials costs. This post examines how firms in the New York-Northern New Jersey region adjusted their prices in response to these cost pressures and describes their expectations for future price increases and inflation. Survey results show an acceleration in firms’ price increases in 2025, with an especially sharp increase in the manufacturing sector. While both cost and price increases intensified last year, our surveys re...

• 5.Are Rising Employee Health Insurance Costs Dampening Wage Growth?

  Employer-sponsored health insurance represents a substantial component of total compensation paid by firms to many workers in the United States. Such costs have climbed by close to 20 percent over the past five years. Indeed, the average annual premium for employer-sponsored family health insurance coverage was about $27,000 in 2025—roughly equivalent to the wage of a full-time worker paid $15 per hour. Our February regional business surveys asked firms whether their wage setting decisions were influenced by the rising cost of employee health insurance. As we showed in our

  Project Syndicate

RCR Wireless

Semantic Scholar – Machine Learning

Telecom & 6G AI

arXiv Quantitative Finance

arXiv – 6G & Networking

arXiv – Network Architecture (6G/Slicing)