<ul data-eligibleForWebStory="false">Efforts are being made to compress neural networks for better accessibility, as current models are too large and resource-intensive.A new method called Ring Quantization achieves 89% accuracy with 2-bit networks, a significant improvement over previous methods.Ring Quantization allows for 16x compression with less than a 3% drop from full precision, offering promising results for democratizing AI.The researcher behind Ring Quantization highlights the potential of the method and aims to further test it on larger models for broader impact.