How Far Are We from Predicting Missing Modalities with Foundation Models?

Multimodal foundation models have demonstrated impressive capabilities across diverse tasks. However, their potential as plug-and-play solutions for missing modality prediction remains underexplored. To investigate this, we categorize existing approaches into three representative paradigms, encompassing a total of 42 model variants, and conduct a comprehensive evaluation in terms of prediction accuracy and adaptability to downstream tasks. Our analysis reveals that current foundation models often fall short in two critical aspects: (i) fine-grained semantic extraction from the available modalities, and (ii) robust validation of generated modalities. These limitations lead to suboptimal and, at times, misaligned predictions. To address these challenges, we propose an agentic framework tailored for missing modality prediction. This framework dynamically formulates modality-aware mining strategies based on the input context, facilitating the extraction of richer and more discriminative semantic features. In addition, we introduce a \textit{self-refinement mechanism}, which iteratively verifies and enhances the quality of generated modalities through internal feedback. Experimental results show that our method reduces FID for missing image prediction by at least 14% and MER for missing text prediction by at least 10% compared to baselines.