The field of large language models is moving towards more efficient and effective fine-tuning methods, with a focus on in-context learning and knowledge distillation. Recent research has shown that many-shot in-context fine-tuning can significantly narrow the performance gap between few-shot and dedicated fine-tuning. Additionally, theoretical frameworks have been proposed to explain the mechanisms behind in-context learning, highlighting the importance of prompt engineering and demonstration selection. Other notable developments include the use of token-level reward guidance for direct preference optimization and the introduction of novel training objectives that treat every answer within the context as a supervised training target. Noteworthy papers include: Many-Shot In-Context Fine-tuning for Large Language Model, which proposes a novel approach to many-shot in-context fine-tuning. Brewing Knowledge in Context: Distillation Perspectives on In-Context Learning, which provides a theoretical framework for understanding in-context learning as a form of knowledge distillation.