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The most important part of the announcement seems to be about hardware acceleration. Maybe it's something like Qualcomm NPE?

It'll be cool to see what Qualcomm releases. Until then, there's already some released Tensorflow code that will run on the Hexagon DSP in a Snapdragon 820: https://github.com/tensorflow/tensorflow/tree/master/tensorf...

You can run it on a rooted OnePlus 3t (or a OnePlus 3 if you find one used).