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Every report we have published

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All 10 reports
August 2026 10 reports
26 Aug The LLM Edge in Finance Is a Division of Labor Language models can widen a financial system's field of view. That does not make them universal forecasters, portfolio managers, or sources of alpha. 23 cited · 278 read 25 Aug Can This Checkpoint Still Learn? Why retention and future learnability need separate tests in repeatedly trained neural networks. It frames a three-arm choice: continue, reset training state, or retrain from scratch. 10 cited · 319 read 24 Aug The Memory Was Right. The Decision Was Wrong. Long-running agents need more than accurate retrieval: they need a disciplined way to turn past events into current, scoped, independently supported inputs to action. 15 cited · 272 read 23 Aug How SPADE turns self-generated worlds into a bounded training loop A model can improve without human-written QA pairs or stronger-teacher demonstrations. SPADE shows where the missing supervision moves—and which controls must govern the result. 10 cited · 192 read 22 Aug How a Reasoner Learns When to Stop A full-parameter stop/refine policy learns from both repair and damage; sampling, search, and external verification remain isolated experiments around that control. 24 cited · 280 read 21 Aug How to Full-Train a Distilled Reasoning Model Without Making It Worse A verified teacher answer is an endpoint, not a training plan. The practical unit of reasoning transfer is a full run whose data, objective, student-generated states, and retention gates are all matched to the student. 27 cited · 233 read 20 Aug What Stops Working Before the Million-Token Window Runs Out The million-token window is a serving and pricing limit, not a measurement: literal lookup held in the one pilot to test a full million; nearly everything harder yet measured degrades far earlier. 28 cited · 429 read 20 Aug LoRA vs. Full Fine-Tuning in 2026: What Survived the Re-Measurement Two 2024 results anchored how practitioners chose between LoRA and full fine-tuning: "LoRA learns less and forgets less," and the warning that even matched benchmark scores hide structurally different solutions — an "illusion of equivalence." Between 2025 and 2026 both were re-measured, and the answer split by training regime. In supervised fine-tuning the canon survives, but its conditions have been rewritten in terms of adapter capacity, adapter placement, and learning rate. In reinforcement-learning post-training, LoRA now matches full fine-tuning at ranks as low as one — a result the canon never anticipated, resting so far on a lab blog and its reproductions rather than peer review. And three parts of the 2024 answer were never re-tested at all: the effective-rank mechanism offered to explain the gap, the canon's continued-pretraining protocol on current models, and any parity comparison on mixture-of-experts architectures. 27 cited · 366 read 20 Aug The Skill Is Real, the Ritual Is Not Yet Measured Curated skills measurably improve coding agents where they carry procedure the model lacks; the process disciplines the frameworks sell remain unmeasured — and the nearest tests lean the other way. 33 cited · 392 read 18 Aug Hard, Verifiable Agent Data: Download for Code, Build for the Rest Distillation-grade agent tasks are download-ready where checkers ship with them — code, and now terminal work; everywhere else the verifier is the scarce component, and the environment is yours to build. 51 cited · 642 read