It's hilarious; like AI found a whole new crop of people, but ones that aren't serious enough to do the background reading.
Sure, this work hasn't sprung from the primordial academic goop without influence, but the authors of this paper embraced old ideas to get faster and sparser FPGA implentations of neural nets. We have something now that we didn't before.
The vague ideas were there, but parallel progress in other domains have brought us to the point where we're able to take principles, put them into practice, and learn from them.
This result could lead to task-specific neural networks implemented at the hardware circuit level. This is one step further than quantization and should allow to further reduce energy consumption and accelerate inference time for some specific neural networks.
Would this be even more performant than a dedicated tensor accelerator (such as TPU) ?
I say this without diminishing what neural networks can and are doing. And I fully ack that I am not an authority in this. It would just surprise me.