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Apr 23

Magentic Marketplace: An Open-Source Environment for Studying Agentic Markets

As LLM agents advance, they are increasingly mediating economic decisions, ranging from product discovery to transactions, on behalf of users. Such applications promise benefits but also raise many questions about agent accountability and value for users. Addressing these questions requires understanding how agents behave in realistic market conditions. However, previous research has largely evaluated agents in constrained settings, such as single-task marketplaces (e.g., negotiation) or structured two-agent interactions. Real-world markets are fundamentally different: they require agents to handle diverse economic activities and coordinate within large, dynamic ecosystems where multiple agents with opaque behaviors may engage in open-ended dialogues. To bridge this gap, we investigate two-sided agentic marketplaces where Assistant agents represent consumers and Service agents represent competing businesses. To study these interactions safely, we develop Magentic-Marketplace-- a simulated environment where Assistants and Services can operate. This environment enables us to study key market dynamics: the utility agents achieve, behavioral biases, vulnerability to manipulation, and how search mechanisms shape market outcomes. Our experiments show that frontier models can approach optimal welfare-- but only under ideal search conditions. Performance degrades sharply with scale, and all models exhibit severe first-proposal bias, creating 10-30x advantages for response speed over quality. These findings reveal how behaviors emerge across market conditions, informing the design of fair and efficient agentic marketplaces.

MicrosoftResearch Microsoft Research
·
Oct 27, 2025 2

ORANSight-2.0: Foundational LLMs for O-RAN

Despite the transformative impact of Large Language Models (LLMs) across critical domains such as healthcare, customer service, and business marketing, their integration into Open Radio Access Networks (O-RAN) remains limited. This gap is primarily due to the absence of domain-specific foundational models, with existing solutions often relying on general-purpose LLMs that fail to address the unique challenges and technical intricacies of O-RAN. To bridge this gap, we introduce ORANSight-2.0 (O-RAN Insights), a pioneering initiative to develop specialized foundational LLMs tailored for O-RAN. Built on 18 models spanning five open-source LLM frameworks -- Mistral, Qwen, Llama, Phi, and Gemma -- ORANSight-2.0 fine-tunes models ranging from 1B to 70B parameters, significantly reducing reliance on proprietary, closed-source models while enhancing performance in O-RAN-specific tasks. At the core of ORANSight-2.0 is RANSTRUCT, a novel Retrieval-Augmented Generation (RAG)-based instruction-tuning framework that employs two LLM agents -- a Mistral-based Question Generator and a Qwen-based Answer Generator -- to create high-quality instruction-tuning datasets. The generated dataset is then used to fine-tune the 18 pre-trained open-source LLMs via QLoRA. To evaluate ORANSight-2.0, we introduce srsRANBench, a novel benchmark designed for code generation and codebase understanding in the context of srsRAN, a widely used 5G O-RAN stack.

  • 2 authors
·
Mar 7, 2025