Daily Papers

Recent advances in large language models (LLMs) have accelerated progress in financial NLP and applications, yet existing benchmarks remain limited to monolingual and unimodal settings, often over-relying on simple tasks and failing to reflect the complexity of real-world financial communication. We introduce MultiFinBen, the first multilingual and multimodal benchmark tailored to the global financial domain, evaluating LLMs across modalities (text, vision, audio) and linguistic settings (monolingual, bilingual, multilingual) on domain-specific tasks. We introduce two novel tasks, including PolyFiQA-Easy and PolyFiQA-Expert, the first multilingual financial benchmarks requiring models to perform complex reasoning over mixed-language inputs; and EnglishOCR and SpanishOCR, the first OCR-embedded financial QA tasks challenging models to extract and reason over information from visual-text financial documents. Moreover, we propose a dynamic, difficulty-aware selection mechanism and curate a compact, balanced benchmark rather than simple aggregation existing datasets. Extensive evaluation of 22 state-of-the-art models reveals that even the strongest models, despite their general multimodal and multilingual capabilities, struggle dramatically when faced with complex cross-lingual and multimodal tasks in financial domain. MultiFinBen is publicly released to foster transparent, reproducible, and inclusive progress in financial studies and applications.

We present Multimodal OCR (MOCR), a document parsing paradigm that jointly parses text and graphics into unified textual representations. Unlike conventional OCR systems that focus on text recognition and leave graphical regions as cropped pixels, our method, termed dots.mocr, treats visual elements such as charts, diagrams, tables, and icons as first-class parsing targets, enabling systems to parse documents while preserving semantic relationships across elements. It offers several advantages: (1) it reconstructs both text and graphics as structured outputs, enabling more faithful document reconstruction; (2) it supports end-to-end training over heterogeneous document elements, allowing models to exploit semantic relations between textual and visual components; and (3) it converts previously discarded graphics into reusable code-level supervision, unlocking multimodal supervision embedded in existing documents. To make this paradigm practical at scale, we build a comprehensive data engine from PDFs, rendered webpages, and native SVG assets, and train a compact 3B-parameter model through staged pretraining and supervised fine-tuning. We evaluate dots.mocr from two perspectives: document parsing and structured graphics parsing. On document parsing benchmarks, it ranks second only to Gemini 3 Pro on our OCR Arena Elo leaderboard, surpasses existing open-source document parsing systems, and sets a new state of the art of 83.9 on olmOCR Bench. On structured graphics parsing, dots.mocr achieves higher reconstruction quality than Gemini 3 Pro across image-to-SVG benchmarks, demonstrating strong performance on charts, UI layouts, scientific figures, and chemical diagrams. These results show a scalable path toward building large-scale image-to-code corpora for multimodal pretraining. Code and models are publicly available at https://github.com/rednote-hilab/dots.mocr.

We present LightOnOCR-2-1B, a 1B-parameter end-to-end multilingual vision--language model that converts document images (e.g., PDFs) into clean, naturally ordered text without brittle OCR pipelines. Trained on a large-scale, high-quality distillation mix with strong coverage of scans, French documents, and scientific PDFs, LightOnOCR-2 achieves state-of-the-art results on OlmOCR-Bench while being 9times smaller and substantially faster than prior best-performing models. We further extend the output format to predict normalized bounding boxes for embedded images, introducing localization during pretraining via a resume strategy and refining it with RLVR using IoU-based rewards. Finally, we improve robustness with checkpoint averaging and task-arithmetic merging. We release model checkpoints under Apache 2.0, and publicly release the dataset and LightOnOCR-bbox-bench evaluation under their respective licenses.

Despite significant advancements in Large Vision Language Models (LVLMs), a gap remains, particularly regarding their interpretability and how they locate and interpret textual information within images. In this paper, we explore various LVLMs to identify the specific heads responsible for recognizing text from images, which we term the Optical Character Recognition Head (OCR Head). Our findings regarding these heads are as follows: (1) Less Sparse: Unlike previous retrieval heads, a large number of heads are activated to extract textual information from images. (2) Qualitatively Distinct: OCR heads possess properties that differ significantly from general retrieval heads, exhibiting low similarity in their characteristics. (3) Statically Activated: The frequency of activation for these heads closely aligns with their OCR scores. We validate our findings in downstream tasks by applying Chain-of-Thought (CoT) to both OCR and conventional retrieval heads and by masking these heads. We also demonstrate that redistributing sink-token values within the OCR heads improves performance. These insights provide a deeper understanding of the internal mechanisms LVLMs employ in processing embedded textual information in images.

Document parsing is a core task in document intelligence, supporting applications such as information extraction, retrieval-augmented generation, and automated document analysis. However, real-world documents often feature complex layouts with multi-level tables, embedded images or formulas, and cross-page structures, which remain challenging for existing OCR systems. We introduce MonkeyOCR v1.5, a unified vision-language framework that enhances both layout understanding and content recognition through a two-stage parsing pipeline. The first stage employs a large multimodal model to jointly predict document layout and reading order, leveraging visual information to ensure structural and sequential consistency. The second stage performs localized recognition of text, formulas, and tables within detected regions, maintaining high visual fidelity while reducing error propagation. To address complex table structures, we propose a visual consistency-based reinforcement learning scheme that evaluates recognition quality via render-and-compare alignment, improving structural accuracy without manual annotations. Additionally, two specialized modules, Image-Decoupled Table Parsing and Type-Guided Table Merging, are introduced to enable reliable parsing of tables containing embedded images and reconstruction of tables crossing pages or columns. Comprehensive experiments on OmniDocBench v1.5 demonstrate that MonkeyOCR v1.5 achieves state-of-the-art performance, outperforming PPOCR-VL and MinerU 2.5 while showing exceptional robustness in visually complex document scenarios.