I then discovered what quantization is by reading a blog post about binary quantization. That seemed too good to be true. I asked Claude to design an analysis assessing the fidelity of 1, 2, 4, and 8 bit quantization. Claude did a good job, downloading 10,000 embeddings from a public source and computing a similarity score and correlation coefficient for each level of quantization against the float32 SoT. 1 and 2 bit quantizations were about 90% similar and 8 bit quantization was lossless given the precision Claude used to display the results. 4 bit was interesting as it was 99% similar (almost lossless) yet half the size of 8 bit. It seemed like the sweet spot.
This analysis took me all of an hour so I thought, "That's cool but is it real?" It's gratifying to see that 4 bit quantization is actually being used by professionals in this field.