We present a new algorithm for video coding, learned end-to-end for the low-latency mode. In this setting, our approach outperforms all existing video codecs across nearly the entire bitrate range. To our knowledge, this is the first ML-based method to do so.

We evaluate our approach on standard video compression test sets of varying resolutions, and benchmark against all mainstream commercial codecs, in the low-latency mode. On standard-definition videos, relative to our algorithm, HEVC/H.265, AVC/H.264 and VP9 typically produce codes up to 60% larger.

On high-definition 1080p videos, H.265 and VP9 typically produce codes up to 20% larger, and H.264 up to 35% larger. Furthermore, our approach does not suffer from blocking artifacts and pixelation, and thus produces videos that are more visually pleasing.

Via https://arxiv.org/abs/1811.06981