Hierarchical transformers are more efficient language models
arxiv.org
arxiv.org
I will say that it is somewhat comical that an already existing paper titled "Hierarchical Transformers for Long Document Classification" isn't mentioned in the related work. But to be fair, the two papers are only modestly similar.
It seems to me the key barrier is the high computational overhead for self-attention. But in highly-parallel vector-math world (GPUs, TPUs, NPUs, etc) Moore's law marches on, with little end in sight, because parallelism works great. That said, making them more efficient, like this paper, will certainly help their adoption.