ReaderLM-v2: Small Language Model for HTML to Markdown and JSON

Kavli Affiliate: Feng Wang

| First 5 Authors: Feng Wang, Zesheng Shi, Bo Wang, Nan Wang, Han Xiao

| Summary:

We present ReaderLM-v2, a compact 1.5 billion parameter language model
designed for efficient web content extraction. Our model processes documents up
to 512K tokens, transforming messy HTML into clean Markdown or JSON formats
with high accuracy — making it an ideal tool for grounding large language
models. The model’s effectiveness results from two key innovations: (1) a
three-stage data synthesis pipeline that generates high quality, diverse
training data by iteratively drafting, refining, and critiquing web content
extraction; and (2) a unified training framework combining continuous
pre-training with multi-objective optimization. Intensive evaluation
demonstrates that ReaderLM-v2 outperforms GPT-4o-2024-08-06 and other larger
models by 15-20% on carefully curated benchmarks, particularly excelling at
documents exceeding 100K tokens, while maintaining significantly lower
computational requirements.

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