HX Research · Frontier AI Deep Dive

HX Research

Frontier AI deep dives from Great Unicorn Intelligence: each article reviews the latest papers on LLM reasoning, multimodal AI, agents and financial-agent evaluation, breaks down the core algorithms and discusses what they mean for financial risk control and enterprise adoption. Full texts are in Chinese, with an English summary of each.

5 deep divesOctober 2026Algorithm walk-throughs and practical takeaways

All articles

Cover: reasoning is learning to budget — from explicit chain-of-thought to latent reasoning and adaptive compute
01LLMsDeep dive

Reasoning Is Learning to Budget: From Explicit Chain-of-Thought to Latent Reasoning and Adaptive Compute Allocation

Over the past year, “let the model think a little longer” has become almost the default way to improve reasoning.

October 2026English summary · full text in Chinese
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Cover: the main battleground for multimodal AI is shifting to evidence — find it, see it, read it, judge it
02MultimodalDeep dive

The Main Battleground for Multimodal AI Is Shifting to Evidence: From Native Multimodal Foundation Models to Visual Evidence in Long Documents

In October 2026, Meta and NVIDIA each released native multimodal MoE foundation models built for agentic workflows; whether a model “can understand images” is no longer news.

October 2026English summary · full text in Chinese
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Cover: the real bottleneck for long-horizon agents is not whether they can do the task, but persistence, error recovery and oversight
03AgentsDeep dive

The Real Bottleneck for Long-Horizon Agents: Persistence, Error Recovery and Oversight

Over the past year, the tasks in agent demos have gone from “book a flight” to “reproduce a research codebase” and “turn a due-diligence pack into a report”.

October 27, 2026English summary · full text in Chinese
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Cover: the harness enters the “optimizable era” — context, state, organization and self-evolution
04HarnessDeep dive

Harness Engineering Enters the “Optimizable Era”: Context, State, Organization and Self-Evolution

“Agent = model + harness” is something few people dispute in 2026.

October 27, 2026English summary · full text in Chinese
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Cover: a paradigm shift in evaluating financial agents — from getting answers right to defensible, auditable decisions
05Financial agentsDeep dive

A Paradigm Shift in Evaluating Financial Agents: From Getting Answers Right to Defensible, Auditable Decisions

Two years ago, a “financial large model” was judged mostly by how many questions it answered correctly on financial Q&A, financial-report reading or professional exams.

October 27, 2026English summary · full text in Chinese
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