Daily Papers

End-to-end full-page document parsing must preserve the content and structure of heterogeneous elements, yet otherwise accurate outputs can contain local errors and omissions. A single page-level advantage does not explicitly identify which elements differ in quality across sampled outputs or where their errors occur. We introduce Page-to-Token Policy Optimization (P2TPO), a structure-aligned credit-assignment framework that operates on full-page policy trajectories. Reference-element alignment first associates block-level quality contrasts with generated spans. Unified Anchor Pricing (UAP) incorporates matched and missing element outcomes and provides feedback relative to a fixed quality ceiling when sampled outputs receive identical but imperfect scores for a reference element. Within matched blocks, Span Credit Redistribution (SCR) redistributes existing block credit according to aligned correct and erroneous spans, using boundary proxies for within-block omissions while preserving the total block-derived advantage across its tokens. Under a fixed-weight additive page utility, we show that element-indexed contrasts retain local quality differences that page-level aggregation can cancel out. In the main experimental comparison, P2TPO outperforms all evaluated policy optimization baselines in seed-averaged scores on each of the six document parsing benchmarks. Additional experiments demonstrate gains across model scales and initializations.

Multi-agent LLM systems explore in parallel by spawning sub-agents with isolated context windows, whereas single-agent systems append every search and verification step into one growing trajectory. However, existing multi-agent frameworks duplicate prefix KV caches across branches, exchange findings by re-prefilling text summaries, and flatten or drop cross-branch dependencies during reinforcement learning (RL). We introduce Octopus, a single-model multi-agent RL framework in which all threads share one backbone and coordinate over a GPU-resident directed acyclic graph (DAG) of KV states through five primitives (fork, read_thread, wait_threads, rewind, commit). Octopus combines three co-designed mechanisms: (1) Zero-Copy Radix Forking, which spawns branches as O(1) cursor views over shared physical KV pages; (2) Attention-Only KV Mounting, which mounts a sibling thread's terminal KV blocks directly into full-attention layers while bypassing linear-recurrent states (Gated DeltaNet / Mamba-2), cutting off-task hijacking by 21times (57.9% to 2.7%) while retaining 92.2% of full-text mutual information at zero extra KV allocation; and (3) a Packed DAG-GRPO Trainer, which packs all episode branches into one block-sparse attention pass and assigns counterfactual branch credit via leave-one-branch-out marginal rewards. Trained end-to-end with GRPO on Qwen3.5-4B over a sparse BM25 corpus, Octopus reaches 49.6% accuracy on BrowseComp-Plus (+17.5 points over single-agent GRPO at 143K context and +12.5 points over text-summary multi-agent RL) and 51.2% on OpenResearcher, outperforming dense-retrieval agents up to 250times larger while increasing training throughput 3.3times and cutting peak KV memory 2.8times.

Block attention, which processes the input as separate blocks that cannot attend to one another, offers significant potential to improve KV cache reuse in long-context scenarios such as Retrieval-Augmented Generation (RAG). However, its broader application is hindered by two key challenges: the difficulty of segmenting input text into meaningful, self-contained blocks, and the inefficiency of existing block fine-tuning methods that risk degrading performance. To address these, we first construct SemanticSeg, a large and diverse semantic segmentation dataset containing over 30k instances across 16 categories-including books, code, web text, and conversations with text lengths ranging from 2k to 32k. Using this dataset, we train a lightweight segmenter to automatically partition text into human-instinct-aligned blocks with controllable granularity. Second, we propose block distillation, a training framework that is more efficient than block fine-tuning, which uses a frozen full-attention teacher model to guide the block-attention student. This framework integrates three novel components: block sink tokens to mitigate information loss at block boundaries, block dropout to leverage training signals from all blocks, and token-level loss weighting to focus learning on block-attention-sensitive tokens. Experiments across multiple models and benchmarks demonstrate that our segmenter outperforms heuristic and statistical baselines, and block distillation achieves near-full-attention performance under block attention, establishing a practical and scalable pathway for deploying block attention.

Decentralized Finance (DeFi), a financial ecosystem without centralized controlling organization, has introduced a new paradigm for lending and borrowing. However, its capital efficiency remains constrained by the inability to effectively assess the risk associated with each user/wallet. This paper introduces the 'On-Chain Credit Risk Score (OCCR Score) in DeFi', a probabilistic measure designed to quantify the credit risk associated with a wallet. By analyzing historical real-time on-chain activity as well as predictive scenarios, the OCCR Score may enable DeFi lending protocols to dynamically adjust Loan-to-Value (LTV) ratios and Liquidation Thresholds (LT) based on the risk profile of a wallet. Unlike existing wallet risk scoring models, which rely on heuristic-based evaluations, the OCCR Score offers a more objective and probabilistic approach, aligning closer to traditional credit risk assessment methodologies. This framework can further enhance DeFi's capital efficiency by incentivizing responsible borrowing behavior and optimizing risk-adjusted returns for lenders.

We introduce Block-Attention, an attention mechanism designed to address the increased inference latency and cost in Retrieval-Augmented Generation (RAG) scenarios. Traditional approaches often encode the entire context. Instead, Block-Attention divides retrieved documents into discrete blocks, with each block independently calculating key-value (KV) states except for the final block. In RAG scenarios, by defining each passage as a block, Block-Attention enables us to reuse the KV states of passages that have been seen before, thereby significantly reducing the latency and the computation overhead during inference. The implementation of Block-Attention involves block segmentation, position re-encoding, and fine-tuning the LLM to adapt to the Block-Attention mechanism. Experiments on four RAG benchmarks demonstrate that after block fine-tuning, the Block-Attention model achieves performance comparable to self-attention models (68.4\% vs 67.9\% on Llama3) or even superior performance (62.8\% vs 59.6\% on Mistral). Notably, Block-Attention significantly reduces the time to first token (TTFT) and floating point operations (FLOPs) to a very low level. It only takes 45 ms to output the first token for an input sequence with a total length of 32K. Compared to the self-attention models, the time consumption and corresponding FLOPs are reduced by 98.7\% and 99.8\%, respectively.

Speculative decoding accelerates autoregressive generation by drafting a block of tokens that the target model verifies left-to-right, committing only the longest accepted prefix. Block (DLM-style) drafters predict the whole block in parallel, which is fast but trained with a full-block cross-entropy that supervises every position against the gold continuation -- even though inference discards every token after the first rejection. Recent acceptance-aware objectives patch this by reweighting the full-block loss; we instead use teacher-forced learning as a motivation for how supervision should concentrate on the accepted prefix. A mask-only block drafter has no input-side channel for gold-prefix conditioning, so AUF approximates that prefix-sensitive supervision on the loss side by keeping the cross-entropy support only through the drafter's first predicted failure. AUF is a single, detached change to the CE support -- no auxiliary objective, no verifier rollouts, and no change to the inference pipeline or the exactness contract. Within fixed drafter backbones and serving settings on Qwen3-8B, AUF raises the DFlash drafter's average emitted length τ, averaged over six benchmarks, from 2.40 to 2.61, with a gain on every benchmark, and transfers to Domino's two-branch head (2.56 to 2.68). Two findings sharpen the picture: the decay-only baseline reaches higher token accuracy on the shared block mask yet decodes worse, and on DFlash, once AUF truncates the support, the standard exponential position-decay weighting becomes empirically inert.

Despite accounting for 96.1% of all businesses in Malaysia, access to financing remains one of the most persistent challenges faced by Micro, Small, and Medium Enterprises (MSMEs). Newly established businesses are often excluded from formal credit markets as traditional underwriting approaches rely heavily on credit bureau data. This study investigates the potential of bank statement data as an alternative data source for credit assessment to promote financial inclusion in emerging markets. First, we propose a cash flow-based underwriting pipeline where we utilize bank statement data for end-to-end data extraction and machine learning credit scoring. Second, we introduce a novel dataset of 611 loan applicants from a Malaysian consulting firm. Third, we develop and evaluate credit scoring models based on application information and bank transaction-derived features. Empirical results demonstrate that incorporating bank statement features yields substantial improvements, with our best model achieving an AUROC of 0.806 on validation set, representing a 24.6% improvement over models using application information only. Finally, we will release the anonymized bank transaction dataset to facilitate further research on MSME financial inclusion within Malaysia's emerging economy.

Credit and risk assessments are cornerstones of the financial landscape, impacting both individual futures and broader societal constructs. Existing credit scoring models often exhibit limitations stemming from knowledge myopia and task isolation. In response, we formulate three hypotheses and undertake an extensive case study to investigate LLMs' viability in credit assessment. Our empirical investigations unveil LLMs' ability to overcome the limitations inherent in conventional models. We introduce a novel benchmark curated for credit assessment purposes, fine-tune a specialized Credit and Risk Assessment Large Language Model (CALM), and rigorously examine the biases that LLMs may harbor. Our findings underscore LLMs' potential in revolutionizing credit assessment, showcasing their adaptability across diverse financial evaluations, and emphasizing the critical importance of impartial decision-making in the financial sector. Our datasets, models, and benchmarks are open-sourced for other researchers.