AI model beats PNG and FLAC at compression

https://techxplore.com/news/2023-10-ai-png-flac-compression.html

"DeepMind's large language model Chinchilla 70B lossless compression rates: images compressed to 43.4% and audio data reduced to 16.4% of original size... dataset size provides a hard limit on model size in terms of compression performance... upper limits to advantages achieved with large language model compressors the larger their dataset is... classical compressors like gzip aren't going away anytime soon since their compression vs. speed and size trade-off is currently far better than anything else"