I mean just from what's known of the funding and timeline it pretty much has to be based on open weights.
But it is likely more than just a fine tune + novel training. At the very least the LM head is swapped out for a classifier one and then or also idk, bidirectional attention for the encoding pass I'm out of my depth at this point and will stop guessing. The training is probably where they have the biggest moat though, not that it's necessarily huge.
I have a project that fits jev as advertised almost comically well and I've been playing with it, and the various hacks and open versions. Jev doesn't necessarily perform better overall but it is quite different. It's sensitive to prompt phrasing in ways the others aren't, it's easy to generate questions where all the other models cluster in confidence but jev is an outlier. Not necessarily more correct, but it does feel like it's getting its answers in a different way.
I'm guessing just as much as anyone else but I've been spending a ton of time on this the last couple weeks, it landed right when I was most ready to dig into it.
Your last bit about it being different is a known issue with models that have been trained on purely synthetic data, no?