The post is contaminated with some wet marketing language, adding unnecessary noise to the information. The most important part of this whole post is this:

... [V]ector quantization ... works well at bitrates around 1 kbps or lower, but quickly reaches its limits when using higher bitrates. For example, even at a bitrate as low as 3 kbps, and assuming the encoder produces 100 vectors per second, one would need to store a codebook with more than 1 billion vectors, which is infeasible in practice.

In SoundStream, we address this issue by proposing a new residual vector quantizer (RVQ), consisting of several layers ...