Lossy image compression has mostly targeted an entirely different performance envelope.
E.g. in the image you can see a diagonal bands basis function. Image codecs don't generally have those-- not because they wouldn't be useful but because codec developers favor separable transforms that have fast factorizations for significant performance improvements.
I don't think we know and can really make good comparisons between traditional tools and ML powered compression because of this. We just don't have decades of efforts where the engineers were allowed a million multiples and a thousand memory accesses per pixel.
E.g. in the image you can see a diagonal bands basis function. Image codecs don't generally have those-- not because they wouldn't be useful but because codec developers favor separable transforms that have fast factorizations for significant performance improvements.
I don't think we know and can really make good comparisons between traditional tools and ML powered compression because of this. We just don't have decades of efforts where the engineers were allowed a million multiples and a thousand memory accesses per pixel.