Junbo Zou
Publications
Perception Before Reasoning: Dynamic Latent Reasoning for Video Understanding and Question Answering
Video question answering requires models to ground language queries in visual evidence and, when necessary, reason over that evidence across time. Existing methods typically rely on long textual chain-of-thought rationales, even though many questions can be answered as soon as the relevant object, action, or frame is localized. We propose Dynamic Latent Reasoning (DyLaR), which first grounds a question in a short block of perception latents (continuous hidden states that encode query-relevant visual evidence), and then adaptively decides whether to append reasoning latents (continuous thoughts that reason over this evidence in latent space) before answering. DyLaR learns this behavior by grounding perception latents in verified visual evidence and distilling verified rationales into reasoning latents, followed by reinforcement learning that further refines when to reason. Across nine video benchmarks and four multimodal language model backbones, DyLaR improves average accuracy over same-backbone baselines while generating fewer than 20 tokens per query. On Qwen3-VL-4B, for example, DyLaR improves average accuracy over Qwen3-VL-4B-Thinking from 54.0 to 58.2 while reducing response length from 1,220.7 to 18.5 tokens per query. Ablations further show that grounded perception latents, rationale-supervised reasoning latents, and adaptive routing each improve accuracy.
UniFinEval: Towards Unified Evaluation of Financial Multimodal Models across Text, Images and Videos
Multimodal large language models are playing an increasingly significant role in empowering the financial domain, however, the challenges they face, such as multimodal and high-density information and cross-modal multi-hop reasoning, go beyond the evaluation scope of existing multimodal benchmarks. To address this gap, we propose UniFinEval, the first unified multimodal benchmark designed for high-information-density financial environments, covering text, images, and videos. UniFinEval systematically constructs five core financial scenarios grounded in real-world financial systems: Financial Statement Auditing, Company Fundamental Reasoning, Industry Trend Insights, Financial Risk Sensing, and Asset Allocation Analysis. We manually construct a high-quality dataset consisting of 3,767 question-answer pairs in both chinese and english and systematically evaluate 10 mainstream MLLMs under Zero-Shot and CoT settings. Results show that Gemini-3-pro-preview achieves the best overall performance, yet still exhibits a substantial gap compared to financial experts. Further error analysis reveals systematic deficiencies in current models. UniFinEval aims to provide a systematic assessment of MLLMs' capabilities in fine-grained, high-information-density financial environments, thereby enhancing the robustness of MLLMs applications in real-world financial scenarios. Data and code are available at https://github.com/aifinlab/UniFinEval.