Dong Zhou

Bin Ren, Yawei Li, Nancy Mehta et al.

This paper provides a comprehensive review of the NTIRE 2024 challenge, focusing on efficient single-image super-resolution (ESR) solutions and their outcomes. The task of this challenge is to super-resolve an input image with a magnification factor of x4 based on pairs of low and corresponding high-resolution images. The primary objective is to develop networks that optimize various aspects such as runtime, parameters, and FLOPs, while still maintaining a peak signal-to-noise ratio (PSNR) of approximately 26.90 dB on the DIV2K_LSDIR_valid dataset and 26.99 dB on the DIV2K_LSDIR_test dataset. In addition, this challenge has 4 tracks including the main track (overall performance), sub-track 1 (runtime), sub-track 2 (FLOPs), and sub-track 3 (parameters). In the main track, all three metrics (ie runtime, FLOPs, and parameter count) were considered. The ranking of the main track is calculated based on a weighted sum-up of the scores of all other sub-tracks. In sub-track 1, the practical runtime performance of the submissions was evaluated, and the corresponding score was used to determine the ranking. In sub-track 2, the number of FLOPs was considered. The score calculated based on the corresponding FLOPs was used to determine the ranking. In sub-track 3, the number of parameters was considered. The score calculated based on the corresponding parameters was used to determine the ranking. RLFN is set as the baseline for efficiency measurement. The challenge had 262 registered participants, and 34 teams made valid submissions. They gauge the state-of-the-art in efficient single-image super-resolution. To facilitate the reproducibility of the challenge and enable other researchers to build upon these findings, the code and the pre-trained model of validated solutions are made publicly available at https://github.com/Amazingren/NTIRE2024_ESR/.

Boxun Li, Yadong Li, Zhiyuan Li et al.

In this work, we present the Megrez models, comprising a language model (Megrez-3B-Instruct) and a multimodal model (Megrez-3B-Omni). These models are designed to deliver fast inference, compactness, and robust edge-side intelligence through a software-hardware co-design approach. Megrez-3B-Instruct offers several advantages, including high accuracy, high speed, ease of use, and a wide range of applications. Building on Megrez-3B-Instruct, Megrez-3B-Omni is an on-device multimodal understanding LLM that supports image, text, and audio analysis. It achieves state-of-the-art accuracy across all three modalities and demonstrates strong versatility and robustness, setting a new benchmark for multimodal AI models.

Zheyue Tan, Zhiyuan Li, Tao Yuan et al.

Mixture-of-Experts (MoE) architectures have emerged as a promising approach to scale Large Language Models (LLMs). MoE boosts the efficiency by activating a subset of experts per token. Recent works show that fine-grained experts substantially enriches the combinatorial flexibility of active experts and enhances model expressiveness. However, such a design is fundamentally limited by the layer-local routing mechanism: each layer is restricted to its own expert pool. This requires a careful trade-off between expert dimensionality and routing diversity given fixed parameter budgets. We describe ReXMoE, a novel MoE architecture that improves routing beyond the existing layer-local approaches by allowing routers to reuse experts across adjacent layers. ReXMoE decouples expert dimensionality from per-layer budgets, enabling richer expert combinations without sacrificing individual expert capacity or inflating overall parameters. To this end, we propose a new progressive scaling routing (PSR) strategy to gradually increase the candidate expert pool during training. As a result, ReXMoE improves both language modeling and downstream task performance. Extensive experiments on models ranging from 0.5B to 7B parameters across different architectures demonstrate that ReXMoE consistently improves performance under fixed architectural dimensions, confirming ReXMoE as new design paradigm for parameter-efficient and scalable MoE-based LLMs.

Boxun Li, Yadong Li, Zhiyuan Li et al.

We present Megrez2, a novel lightweight and high-performance language model architecture optimized for device native deployment. Megrez2 introduces a novel cross-layer expert sharing mechanism, which significantly reduces total parameter count by reusing expert modules across adjacent transformer layers while maintaining most of the model's capacity. It also incorporates pre-gated routing, enabling memory-efficient expert loading and faster inference. As the first instantiation of the Megrez2 architecture, we introduce the Megrez2-Preview model, which is pre-trained on a 5-trillion-token corpus and further enhanced through supervised fine-tuning and reinforcement learning with verifiable rewards. With only 3B activated and 7.5B stored parameters, Megrez2-Preview demonstrates competitive or superior performance compared to larger models on a wide range of tasks, including language understanding, instruction following, mathematical reasoning, and code generation. These results highlight the effectiveness of the Megrez2 architecture to achieve a balance between accuracy, efficiency, and deployability, making it a strong candidate for real-world, resource-constrained applications.

Hengxu Lin, Dong Zhou, Weiqing Liu et al.

Modeling and managing portfolio risk is perhaps the most important step to achieve growing and preserving investment performance. Within the modern portfolio construction framework that built on Markowitz's theory, the covariance matrix of stock returns is a required input to calculate portfolio risk. Traditional approaches to estimate the covariance matrix are based on human-designed risk factors, which often require tremendous time and effort to design better risk factors to improve the covariance estimation. In this work, we formulate the quest of mining risk factors as a learning problem and propose a deep learning solution to effectively ``design'' risk factors with neural networks. The learning objective is also carefully set to ensure the learned risk factors are effective in explaining the variance of stock returns as well as having desired orthogonality and stability. Our experiments on the stock market data demonstrate the effectiveness of the proposed solution: our method can obtain $1.9\%$ higher explained variance measured by $R^2$ and also reduce the risk of a global minimum variance portfolio. The incremental analysis further supports our design of both the architecture and the learning objective.