While large multi-modal models (LMMs) have exhibited impressive capabilities across diverse tasks, their effectiveness in handling complex tasks has been limited by the prevailing single-step reasoning paradigm. To this end, this paper proposes VoCoT, a multi-step Visually grounded object-centric Chain-of-Thought reasoning framework tailored for inference with LMMs. VoCoT is characterized by two key features: (1) object-centric reasoning paths that revolve around cross-modal shared object-level information, and (2) visually grounded representation of object concepts in a multi-modal interleaved and aligned manner, which effectively bridges the modality gap within LMMs during long-term generation. Additionally, we construct an instruction dataset to facilitate LMMs in adapting to reasoning with VoCoT. By introducing VoCoT into the prevalent open-source LMM architecture, we introduce VolCano. With only 7B parameters and limited input resolution, VolCano demonstrates excellent performance across various scenarios, surpassing SOTA models, including GPT-4V, in tasks requiring complex reasoning. Our code, data and model will be available at https://github.com/RupertLuo/VoCoT.
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