Jianmin Wu

Shupeng Li, Weipeng Lu, Linyun Liu et al.

Domain-specific enhancement of Large Language Models (LLMs) within the financial context has long been a focal point of industrial application. While previous models such as BloombergGPT and Baichuan-Finance primarily focused on knowledge enhancement, the deepening complexity of financial services has driven a growing demand for models that possess not only domain knowledge but also robust financial reasoning and agentic capabilities. In this paper, we present QianfanHuijin, a financial domain LLM, and propose a generalizable multi-stage training paradigm for industrial model enhancement. Our approach begins with Continual Pre-training (CPT) on financial corpora to consolidate the knowledge base. This is followed by a fine-grained Post-training pipeline designed with increasing specificity: starting with Financial SFT, progressing to Finance Reasoning RL and Finance Agentic RL, and culminating in General RL aligned with real-world business scenarios. Empirical results demonstrate that QianfanHuijin achieves superior performance across various authoritative financial benchmarks. Furthermore, ablation studies confirm that the targeted Reasoning RL and Agentic RL stages yield significant gains in their respective capabilities. These findings validate our motivation and suggest that this fine-grained, progressive post-training methodology is poised to become a mainstream paradigm for various industrial-enhanced LLMs.

Yuanyi Wang, Yanggan Gu, Zihao Wang et al.

Large language model (LLM) merging has become a key technique in modern LLM development pipelines, enabling the integration of multiple task- or domain-specific expert models without retraining. However, as the number of experts grows, existing merging implementations treat model parameters as unstructured files and execute merges in a stateless, one-shot manner, leading to excessive disk I/O, redundant parameter scans, and poor scalability. In this paper, we present \textbf{MergePipe}, a parameter management system for scalable LLM merging. MergePipe is the first system that treats LLM merging as a data management and execution problem, and introduces a catalog-driven abstraction over model parameters, merge plans, and execution lineage. At its core, MergePipe employs a cost-aware planner that explicitly models expert parameter I/O and enforces user-specified I/O budgets, followed by a streaming execution engine that materializes merged models under transactional guarantees. Our key insight is that while base model reads and output writes are unavoidable, expert parameter reads dominate merge cost and constitute the primary optimization target. By making expert access budget-aware throughout planning and execution, MergePipe mitigates the $O(K)$ I/O growth of naive pipelines and achieves predictable scaling behavior. Experiments show that MergePipe reduces total I/O by up to an order of magnitude and delivers up to $11\times$ end-to-end speedups (up to 90\% wall-time reduction) over state-of-the-art LLM merging pipelines.

Yifan Yang, Jinjia Li, Kunxi Li et al.

The rapid advancement of large language models (LLMs) demands increasingly reliable evaluation, yet current centralized evaluation suffers from opacity, overfitting, and hardware-induced variance. Our empirical analysis reveals an alarming inconsistency in existing evaluations: the standard deviation across ten repeated runs of a single model on HumanEval (1.67) actually exceeds the performance gap among the top-10 models on the official leaderboard (0.91), rendering current rankings statistically precarious. To mitigate these instabilities, we propose a decentralized evaluation framework that enables hardware and parameter diversity through large-scale benchmarking across heterogeneous compute nodes. By leveraging the blockchain-based protocol, the framework incentivizes global contributors to act as independent validators, using a robust reward system to ensure evaluation integrity and discourage dishonest participation. This collective verification transforms evaluation from a "centralized black box" into a "decentralized endorsement" where multi-party consensus and diverse inference environments yield a more stable, representative metric. Experimental results demonstrate that the decentralized evaluation framework reduces the standard deviation across ten runs on the same model to 0.28. This significant improvement over conventional frameworks ensures higher statistical confidence in model rankings. We have completely implemented this platform and will soon release it to the community.