FinSearchComp: Towards a Realistic, Expert-Level Evaluation of Financial Search and Reasoning

Search has emerged as core infrastructure for LLM-based agents and is widely viewed as critical on the path toward more general intelligence. Finance is a particularly demanding proving ground: analysts routinely conduct complex, multi-step searches over time-sensitive, domain-specific data, making it ideal for assessing both search proficiency and knowledge-grounded reasoning. Yet no existing open financial datasets evaluate data searching capability of end-to-end agents, largely because constructing realistic, complicated tasks requires deep financial expertise and time-sensitive data is hard to evaluate. We present FinSearchComp, the first fully open-source agent benchmark for realistic, open-domain financial search and reasoning. FinSearchComp comprises three tasks -- Time-Sensitive Data Fetching, Simple Historical Lookup, and Complex Historical Investigation -- closely reproduce real-world financial analyst workflows. To ensure difficulty and reliability, we engage 70 professional financial experts for annotation and implement a rigorous multi-stage quality-assurance pipeline. The benchmark includes 635 questions spanning global and Greater China markets, and we evaluate 21 models (products) on it. Grok 4 (web) tops the global subset, approaching expert-level accuracy. DouBao (web) leads on the Greater China subset. Experimental analyses show that equipping agents with web search and financial plugins substantially improves results on FinSearchComp, and the country origin of models and tools impact performance significantly.By aligning with realistic analyst tasks and providing end-to-end evaluation, FinSearchComp offers a professional, high-difficulty testbed for complex financial search and reasoning.

MARS-Bench: A Multi-turn Athletic Real-world Scenario Benchmark for Dialogue Evaluation

Large Language Models (\textbf{LLMs}), e.g. ChatGPT, have been widely adopted in real-world dialogue applications. However, LLMs' robustness, especially in handling long complex dialogue sessions, including frequent motivation transfer, sophisticated cross-turn dependency, is criticized all along. Nevertheless, no existing benchmarks can fully reflect these weaknesses. We present \textbf{MARS-Bench}, a \textbf{M}ulti-turn \textbf{A}thletic \textbf{R}eal-world \textbf{S}cenario Dialogue \textbf{Bench}mark, designed to remedy the gap. MARS-Bench is constructed from play-by-play text commentary so to feature realistic dialogues specifically designed to evaluate three critical aspects of multi-turn conversations: Ultra Multi-turn, Interactive Multi-turn, and Cross-turn Tasks. Extensive experiments on MARS-Bench also reveal that closed-source LLMs significantly outperform open-source alternatives, explicit reasoning significantly boosts LLMs' robustness on handling long complex dialogue sessions, and LLMs indeed face significant challenges when handling motivation transfer and sophisticated cross-turn dependency. Moreover, we provide mechanistic interpretability on how attention sinks due to special tokens lead to LLMs' performance degradation when handling long complex dialogue sessions based on attention visualization experiment in Qwen2.5-7B-Instruction.

Seed1.5-VL Technical Report

We present Seed1.5-VL, a vision-language foundation model designed to advance general-purpose multimodal understanding and reasoning. Seed1.5-VL is composed with a 532M-parameter vision encoder and a Mixture-of-Experts (MoE) LLM of 20B active parameters. Despite its relatively compact architecture, it delivers strong performance across a wide spectrum of public VLM benchmarks and internal evaluation suites, achieving the state-of-the-art performance on 38 out of 60 public benchmarks. Moreover, in agent-centric tasks such as GUI control and gameplay, Seed1.5-VL outperforms leading multimodal systems, including OpenAI CUA and Claude 3.7. Beyond visual and video understanding, it also demonstrates strong reasoning abilities, making it particularly effective for multimodal reasoning challenges such as visual puzzles. We believe these capabilities will empower broader applications across diverse tasks. In this report, we mainly provide a comprehensive review of our experiences in building Seed1.5-VL across model design, data construction, and training at various stages, hoping that this report can inspire further research. Seed1.5-VL is now accessible at https://www.volcengine.com/ (Volcano Engine Model ID: doubao-1-5-thinking-vision-pro-250428)