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Peng Liu

Publications and source records attributed to Peng Liu.

At least 109 records · Page 6Linked to original sources

The local Gaussian correlation networks among return tails in the Chinese stock market

Financial networks based on Pearson correlations have been intensively studied. However, previous studies may have led to misleading and catastrophic results because of several critical shortcomings of the Pearson correlation. The local Gaussian correlation coefficient, a new measurement of statistical dependence between variables, has unique advantages including capturing local nonlinear dependence and handling heavy-tailed distributions. This study constructs financial networks using the local Gaussian correlation coefficients between tail regions of stock returns in the Shanghai Stock Exchange. The work systematically analyzes fundamental network metrics including node centrality, average shortest path length, and entropy. Compared with the local Gaussian correlation network among positive tails and the conventional Pearson correlation network, the properties of the local Gaussian correlation network among negative tails are more sensitive to the stock market risks. This finding suggests researchers should prioritize the local Gaussian correlation network among negative tails. Future work should reevaluate existing findings using the local Gaussian correlation method.

q-fin.GN↗

Anti-correlation network among China A-shares

The correlation-based financial networks are studied intensively. However, previous studies ignored the importance of the anti-correlation. This paper is the first to consider the anti-correlation and positive correlation separately, and accordingly construct the weighted temporal anti-correlation and positive correlation networks among stocks listed in the Shanghai and Shenzhen stock exchanges. For both types of networks during the first 24 years of this century, fundamental topological measurements are analyzed systematically. This paper unveils some essential differences in these topological measurements between the anti-correlation and positive correlation networks. It also observes an asymmetry effect between the stock market decline and rise. The methodology proposed in this paper has the potential to reveal significant differences in the topological structure and dynamics of a complex financial system, stock behavior, investment portfolios, and risk management, offering insights that are not visible when all correlations are considered together. More importantly, this paper proposes a new direction for studying complex systems: the anti-correlation network. It is well worth reexamining previous relevant studies using this new methodology.

q-fin.ST↗

An Imitative Reinforcement Learning Framework for Pursuit-Lock-Launch Missions

Unmanned Combat Aerial Vehicle (UCAV) Within-Visual-Range (WVR) engagement, referring to a fight between two or more UCAVs at close quarters, plays a decisive role on the aerial battlefields. With the development of artificial intelligence, WVR engagement progressively advances towards intelligent and autonomous modes. However, autonomous WVR engagement policy learning is hindered by challenges such as weak exploration capabilities, low learning efficiency, and unrealistic simulated environments. To overcome these challenges, we propose a novel imitative reinforcement learning framework, which efficiently leverages expert data while enabling autonomous exploration. The proposed framework not only enhances learning efficiency through expert imitation, but also ensures adaptability to dynamic environments via autonomous exploration with reinforcement learning. Therefore, the proposed framework can learn a successful policy of `pursuit-lock-launch' for UCAVs. To support data-driven learning, we establish an environment based on the Harfang3D sandbox. The extensive experiment results indicate that the proposed framework excels in this multistage task, and significantly outperforms state-of-the-art reinforcement learning and imitation learning methods. Thanks to the ability of imitating experts and autonomous exploration, our framework can quickly learn the critical knowledge in complex aerial combat tasks, achieving up to a 100% success rate and demonstrating excellent robustness.

cs.LG↗

VLM-FO1: Bridging the Gap Between High-Level Reasoning and Fine-Grained Perception in VLMs

Vision-Language Models (VLMs) excel at high-level scene understanding but falter on fine-grained perception tasks requiring precise localization. This failure stems from a fundamental mismatch, as generating exact numerical coordinates is a challenging task for language-centric architectures. In this paper, we introduce VLM-FO1, a novel framework that overcomes this limitation by reframing object-centric perception from a brittle coordinate generation problem into a robust feature retrieval task. Our method operates as a plug-and-play module that integrates with any pre-trained VLM. It leverages a Hybrid Fine-grained Region Encoder (HFRE), featuring a dual vision encoder, to generate powerful region tokens rich in both semantic and spatial detail. A token-based referencing system then enables the LLM to seamlessly reason about and ground language in these specific visual regions. Experiments show that VLM-FO1 achieves state-of-the-art performance across a diverse suite of benchmarks, demonstrating exceptional capabilities in object grounding, region generational understanding, and visual region reasoning. Crucially, our two-stage training strategy ensures that these perception gains are achieved without compromising the base model's general visual understanding capabilities. VLM-FO1 establishes an effective and flexible paradigm for building perception-aware VLMs, bridging the gap between high-level reasoning and fine-grained visual grounding.

cs.CV↗

Wireless Powered MEC Systems via Discrete Pinching Antennas: TDMA versus NOMA

Pinching antennas (PAs), a new type of reconfigurable and flexible antenna structures, have recently attracted significant research interest due to their ability to create line-of-sight links and mitigate large-scale path loss. Owing to their potential benefits, integrating PAs into wireless powered mobile edge computing (MEC) systems is regarded as a viable solution to enhance both energy transfer and task offloading efficiency. Unlike prior studies that assume ideal continuous PA placement along waveguides, this paper investigates a practical discrete PA-assisted wireless powered MEC framework, where devices first harvest energy from PA-emitted radio-frequency signals and then adopt a partial offloading mode, allocating part of the harvested energy to local computing and the remainder to uplink offloading. The uplink phase considers both the time-division multiple access (TDMA) and non-orthogonal multiple access (NOMA), each examined under three levels of PA activation flexibility. For each configuration, we formulate a joint optimization problem to maximize the total computational bits and conduct a theoretical performance comparison between the TDMA and NOMA schemes. To address the resulting mixed-integer nonlinear problems, we develop a two-layer algorithm that combines closed-form solutions based on Karush-Kuhn-Tucker (KKT) conditions with a cross-entropy-based learning method. Numerical results validate the superiority of the proposed design in terms of the harvested energy and computation performance, revealing that TDMA and NOMA achieve comparable performance under coarser PA activation levels, whereas finer activation granularity enables TDMA to achieve superior computation performance over NOMA.

eess.SP↗

UnifiedRL: A Reinforcement Learning Algorithm Tailored for Multi-Task Fusion in Large-Scale Recommender Systems

As the last pivotal stage of Recommender System (RS), Multi-Task Fusion (MTF) is responsible for combining multiple scores outputted by Multi-Task Learning (MTL) model into a final score to maximize user satisfaction. Recently, to optimize long-term user satisfaction, Reinforcement Learning (RL) is used for MTF in RSs. However, the existing offline RL algorithms used for MTF have the following severe problems: a) To avoid Out-of-Distribution (OOD), their constraints are overly strict, which seriously damage performance; b) They are unaware of the exploration policy used to collect training data, only suboptimal policy can be learned; c) Their exploration policies are inefficient and hurt user experience. To solve the above problems, we propose an innovative method called UnifiedRL tailored for MTF in large-scale RSs. UnifiedRL seamlessly integrates offline RL model with its custom exploration policy to relax overly strict constraints, which is different from existing RL-MTF methods and significantly improves performance. In addition, compared to existing exploration policies, UnifiedRL's custom exploration policy is highly efficient, enabling frequent online exploration and offline training iterations, which further improves performance. Extensive offline and online experiments are conducted in a large-scale RS. The results demonstrate that UnifiedRL outperforms other existing MTF methods remarkably, achieving a +4.64% increase in user valid consumption and a +1.74% increase in user duration time. To the best of our knowledge, UnifiedRL is the first RL algorithm tailored for MTF in RSs and has been successfully deployed in multiple large-scale RSs since June 2023, yielding significant benefits.

cs.IR↗

Dynamic User Interest Augmentation via Stream Clustering and Memory Networks in Large-Scale Recommender Systems

Recommender System (RS) provides personalized recommendation service based on user interest. However, lots of users' interests are sparse due to lacking consumption behaviors, making it challenging to provide accurate recommendations for them, which is widespread in large-scale RSs. In particular, efficiently solving this problem in the ranking stage of RS is an even greater challenge, which requires an end-to-end and real-time approach. To solve this problem, we propose an innovative method called Dynamic User Interest Augmentation (DUIA). DUIA enhances user interest including user profile and user history behavior sequences by generating enhancement vectors and personalized enhancement vectors through dynamic stream clustering of similar users and relevant items from multiple perspectives. To realize stream clustering, we specially design an algorithm called Gradient-based Hierarchical Clustering Algorithm (GHCA) for DUIA, which performs clustering via gradient descent and stores the cluster centers in memory networks. Extensive offline and online experiments demonstrate that DUIA not only significantly improves model performance for users with sparse interests but also delivers notable gains for other users. As an end-to-end method, DUIA can be easily integrated with existing models. Furthermore, DUIA is also used for long-tail items and cold-start problem, which also yields excellent improvements. Since 2022, DUIA has been successfully deployed in multiple industrial RSs in Tencent and was made public in May 2024. Moreover, the thoughts behind DUIA, dynamic stream clustering and similarity-based enhancement, have inspired relevant works and have also been applied in other stages of RS.

cs.IR↗

A zero-dead-time strontium lattice clock with a stability at $10^{-19}$ level

Optical atomic clocks play a crucial role in fundamental physics, relativistic geodesy, and the future redefinition of the SI second. Standard operation relies on cyclic interrogation sequences, which alternate between atomic interrogation and dead time used for state preparation and readout. This approach introduces the Dick effect, where laser frequency noise aliases onto the atomic transition frequency. Although reducing laser noise improves clock stability, the Dick effect remains a key limitation. In this work, we demonstrate a zero-dead-time optical clock based on two interleaved ensembles of cold $^{87}\text{Sr}$ atoms. Our system significantly suppresses this noise and achieves a fractional frequency instability at the $10^{-19}$ level between 10,000 and 20,000 seconds over repeated measurements, with a best value of $2.9 \times 10^{-19}$ at $τ= 20,000$ seconds. The estimated long-term stability based on the combined data of these measurements reaches $2.5 \times 10^{-19}$ at one day. These results represent a more than ninefold improvement over a conventional single-ensemble clock, highlighting its potential for next-generation timekeeping applications.

physics.atom-ph↗

Improved systematic evaluation of a strontium optical clock with uncertainty below $1\times 10^{-18}$

We report a systematic uncertainty of $9.2\times 10^{-19}$ for the USTC Sr1 optical lattice clock, achieving accuracy at the level required for the roadmap of the redefinition of the SI second. A finite-element model with {\it in situ}-validated, spatially-resolved chamber emissivity reduced blackbody radiation shift uncertainty to $6.3\times 10^{-19}$. Concurrently, an externally mounted lattice cavity combined with a larger beam waist suppressed density shifts. Enhanced lattice depth modulation consolidated lattice light shift uncertainty to $6.3\times 10^{-19}$ by enabling simultaneous determination of key polarizabilities and magic wavelength. Magnetic shifts were resolved below $10^{-18}$ via precision characterization of the second-order Zeeman coefficient. Supported by a crystalline-coated ultra-low-expansion cavity-stabilized laser and refined temperature control suppressing BBR fluctuations, the clock also achieves a frequency stability better than $1\times10^{-18}$ at 30,000-s averaging time. These developments collectively establish a new benchmark in USTC Sr1 clock performance and pave the way for high-accuracy applications in metrology and fundamental physics.

physics.atom-ph↗

Dense Matter in Neutron Stars with eXTP

In this White Paper, we present the potential of the enhanced X-ray Timing and Polarimetry (eXTP) mission to constrain the equation of state of dense matter in neutron stars, exploring regimes not directly accessible to terrestrial experiments. By observing a diverse population of neutron stars - including isolated objects, X-ray bursters, and accreting systems - eXTP's unique combination of timing, spectroscopy, and polarimetry enables high-precision measurements of compactness, spin, surface temperature, polarimetric signals, and timing irregularity. These multifaceted observations, combined with advances in theoretical modeling, pave the way toward a comprehensive description of the properties and phases of dense matter from the crust to the core of neutron stars. Under development by an international Consortium led by the Institute of High Energy Physics of the Chinese Academy of Sciences, the eXTP mission is planned to be launched in early 2030.

astro-ph.HE↗

Discovery of the anti-glitch in PSR J1835$-$1106

We report the detection of an anti-glitch with a fractional frequency change of $Δν/ν=-3.46(6)\times10^{-9}$ in the rotation-powered pulsar PSR J1835$-$1106 at MJD 55813, based on timing observations collected with the Nanshan 26-m and Parkes 64-m radio telescopes from January 2000 to July 2022. A comparison of the average pulse profiles within $\pm300$ d of the event reveals no significant morphological changes. We also estimate the angular velocity lag between the normal and superfluid components at the time of the glitch, showing that one of the superfluid glitch models is incompatible with PSR J1835$-$1106 due to its insufficient spin-down rate and angular velocity lag. The wind braking scenario offers a viable alternative, consistent with the observed spin-down behavior, glitch amplitude, and post-glitch recovery. High-cadence, high-sensitivity monitoring of similar events is essential to distinguish between internal (superfluid) and external (wind-related) glitch mechanisms.

astro-ph.HE↗

Risk sharing with Lambda value at risk under heterogeneous beliefs

In this paper, we study the risk sharing problem among multiple agents using Lambda Value-at-Risk as their preference functional, under heterogeneous beliefs, where beliefs are represented by several probability measures. We obtain semi-explicit formulas for the inf-convolution of multiple Lambda Value-at-Risk measures under heterogeneous beliefs and the explicit forms of the corresponding optimal allocations. To show the impact of belief heterogeneity, we consider three cases: homogeneous beliefs, conditional beliefs and absolutely continuous beliefs. For those cases, we find more explicit expressions for the inf-convolution, showing the influence of the relation of the beliefs on the inf-convolution. Moreover, we consider, in a two-agent setting, the inf-convolution of one Lambda Value-at-Risk and a general risk measure, including expected utility, distortion risk measures and Lambda Value-at-Risk as special cases, with differing beliefs. The expression of the inf-convolution and the form of the optimal allocation are obtained. In all above cases we demonstrate that trivial outcomes arise when both belief inconsistency and risk tolerance are high. Finally, we discuss risk sharing for an alternative definition of Lambda Value-at-Risk.

q-fin.RM↗

Apple Intelligence Foundation Language Models: Tech Report 2025

We introduce two multilingual, multimodal foundation language models that power Apple Intelligence features across Apple devices and services: i a 3B-parameter on-device model optimized for Apple silicon through architectural innovations such as KV-cache sharing and 2-bit quantization-aware training; and ii a scalable server model built on a novel Parallel-Track Mixture-of-Experts PT-MoE transformer that combines track parallelism, mixture-of-experts sparse computation, and interleaved global-local attention to deliver high quality with competitive cost on Apple's Private Cloud Compute platform. Both models are trained on large-scale multilingual and multimodal datasets sourced via responsible web crawling, licensed corpora, and high-quality synthetic data, then further refined with supervised fine-tuning and reinforcement learning on a new asynchronous platform. The resulting models support several additional languages while understanding images and executing tool calls. In public benchmarks and human evaluations, both the server model and the on-device model match or surpass comparably sized open baselines. A new Swift-centric Foundation Models framework exposes guided generation, constrained tool calling, and LoRA adapter fine-tuning, allowing developers to integrate these capabilities with a few lines of code. The latest advancements in Apple Intelligence models are grounded in our Responsible AI approach with safeguards like content filtering and locale-specific evaluation, as well as our commitment to protecting our users' privacy with innovations like Private Cloud Compute.

cs.LG↗

Step-Audio 2 Technical Report

This paper presents Step-Audio 2, an end-to-end multi-modal large language model designed for industry-strength audio understanding and speech conversation. By integrating a latent audio encoder and reasoning-centric reinforcement learning (RL), Step-Audio 2 achieves promising performance in automatic speech recognition (ASR) and audio understanding. To facilitate genuine end-to-end speech conversation, Step-Audio 2 incorporates the generation of discrete audio tokens into language modeling, significantly enhancing its responsiveness to paralinguistic information such as speaking styles and emotions. To effectively leverage the rich textual and acoustic knowledge in real-world data, Step-Audio 2 integrates retrieval-augmented generation (RAG) and is able to call external tools such as web search to mitigate hallucination and audio search to switch timbres. Trained on millions of hours of speech and audio data, Step-Audio 2 delivers intelligence and expressiveness across diverse conversational scenarios. Evaluation results demonstrate that Step-Audio 2 achieves state-of-the-art performance on various audio understanding and conversational benchmarks compared to other open-source and commercial solutions. Please visit https://github.com/stepfun-ai/Step-Audio2 for more information.

cs.CL↗

Capturing quantum phase transition in the ultraviolet region by holography

We reveal for the first time that ultraviolet (UV) observables can diagnose quantum phase transitions (QPTs). In a class of holographic models exhibiting metal-insulator transitions, we study two types of UV observables -- high-frequency conductivity and short-range entanglement. Remarkably, we find that the derivatives of these UV observables exhibit extrema near the quantum critical point. Analytical results show these critical behaviors arise from the deformation of the asymptotic bulk geometry. Moreover, these UV diagnostics show enhanced robustness to thermal fluctuations compared to typical infrared (IR) diagnostics, providing a clean method to identify quantum criticality at finite temperature. This work opens a new window for exploring quantum critical phenomena via UV physics in the laboratory.

hep-th↗

Semi-supervised Image Dehazing via Expectation-Maximization and Bidirectional Brownian Bridge Diffusion Models

Existing dehazing methods deal with real-world haze images with difficulty, especially scenes with thick haze. One of the main reasons is the lack of real-world paired data and robust priors. To avoid the costly collection of paired hazy and clear images, we propose an efficient semi-supervised image dehazing method via Expectation-Maximization and Bidirectional Brownian Bridge Diffusion Models (EM-B3DM) with a two-stage learning scheme. In the first stage, we employ the EM algorithm to decouple the joint distribution of paired hazy and clear images into two conditional distributions, which are then modeled using a unified Brownian Bridge diffusion model to directly capture the structural and content-related correlations between hazy and clear images. In the second stage, we leverage the pre-trained model and large-scale unpaired hazy and clear images to further improve the performance of image dehazing. Additionally, we introduce a detail-enhanced Residual Difference Convolution block (RDC) to capture gradient-level information, significantly enhancing the model's representation capability. Extensive experiments demonstrate that our EM-B3DM achieves superior or at least comparable performance to state-of-the-art methods on both synthetic and real-world datasets.

cs.CV↗

Theorem-Carrying Transactions: Runtime Verification to Ensure Interface Specifications for Smart Contract Safety

Security bugs and trapdoors in smart contracts have been impacting the Ethereum community since its inception. Conceptually, the 1.45-million Ethereum's contracts form a single "gigantic program" whose behaviors are determined by the complex compositions of contracts. Can programmers be assured that this gigantic program conforms to high-level safety specifications, despite unforeseeable code-level intricacies? Static code verification cannot be faithful to this gigantic program due to its scale and high polymorphism. In this paper, we present a viable approach to achieve this goal. Our technology, called Theorem-Carrying Transactions (TCT), combines the benefits of concrete execution and symbolic proofs. Under the TCT protocol, every transaction carries a theorem that proves its adherence to the specified properties in the invoked contracts, and the runtime system checks the theorem before executing the transaction. Once a theorem is proven, it will be reused for future transactions, so TCT's runtime overhead is minimal. As case studies, we demonstrate that TCT secures token contracts without foreseeing code-level intricacies, such as integer overflow and reentrancy. TCT is also successfully applied to a Uniswap codebase, showcasing a complex decentralized finance (DeFi) scenario. Our evaluation shows a negligible runtime overhead, two orders of magnitude lower than a state-of-the-art approach for runtime checking of contract code safety.

cs.CR↗

PIVOTS: Aligning unseen Structures using Preoperative to Intraoperative Volume-To-Surface Registration for Liver Navigation

Non-rigid registration is essential for Augmented Reality guided laparoscopic liver surgery by fusing preoperative information, such as tumor location and vascular structures, into the limited intraoperative view, thereby enhancing surgical navigation. A prerequisite is the accurate prediction of intraoperative liver deformation which remains highly challenging due to factors such as large deformation caused by pneumoperitoneum, respiration and tool interaction as well as noisy intraoperative data, and limited field of view due to occlusion and constrained camera movement. To address these challenges, we introduce PIVOTS, a Preoperative to Intraoperative VOlume-To-Surface registration neural network that directly takes point clouds as input for deformation prediction. The geometric feature extraction encoder allows multi-resolution feature extraction, and the decoder, comprising novel deformation aware cross attention modules, enables pre- and intraoperative information interaction and accurate multi-level displacement prediction. We train the neural network on synthetic data simulated from a biomechanical simulation pipeline and validate its performance on both synthetic and real datasets. Results demonstrate superior registration performance of our method compared to baseline methods, exhibiting strong robustness against high amounts of noise, large deformation, and various levels of intraoperative visibility. We publish the training and test sets as evaluation benchmarks and call for a fair comparison of liver registration methods with volume-to-surface data. Code and datasets are available here https://github.com/pengliu-nct/PIVOTS.

cs.CV↗