(It's not news to anyone who has worked in sales-led businesses that salespeople are prone to believing the claims of other salespeople, I guess).
The model card says:
> Post-trained from Qwen 3.5 397B
The model card also says that they use an inference framework based on "SwiReasoning: Switch-Thinking in Latent and Explicit for Pareto-Superior Reasoning LLMs" by Shi et al.:
https://arxiv.org/abs/2510.05069
So the sources seem properly attributed.
They only claim that what they did to "Qwen 3.5 397B" has improved the LLM, including, as expected, with "strong performance in Portuguese".
There (is/was) no attribution to Nex team (they've released a model based on Qwen 3.5 397B as well).
As per OP link Nex claims that what Rio team released (so far) is just linear interpolation of weights between Nex and OG Qwen model. With no attribution to Nex and zero signs of Rio doing any training of their own.