arXiv:2610.29523v1 Announce Type: new Abstract: In this report, we introduce pplx-embed-v2-late, a pair of 0.6B and 9B multilingual and multimodal late-interaction models. Both models achieve state-of-the-art results within their respective size classes across a range of text, image, and visual document retrieval benchmarks. On visual document retrieval tasks, pplx-embed-v2-late-0.6b is competitive with models several times larger than itself. The models are trained via representation distillation from an 18B teacher. Consequently, they share an embedding space that supports asymmetric deployment: documents can be indexed with the 9B model and queried with the low-latency 0.6B model. Both models are available at https://huggingface.co/collections/perplexity-ai/pplx-embed-v2.