Maybe it's about optimizing every clock cycle?
If your 16 bit floats perform about the same as 32 bit floats in an absolute sense, then they will probably perform even better when normalised for power utilisation.
And if 16 bit work, 15 bit floats might perform well, too, for all we know. That's what the original commenter was getting at, I think.
The more important performance metric is not the number of bit-operations, but the quality of the neural network output.
The hypothesis is that fewer bits in your numbers give you the same or nearly the same output quality, but at drastically fewer bit operations performed, and thus less Joule spent.
https://www.microsoft.com/en-us/research/publication/1-bit-s...
int4 (fixed point) has already been popular for inference https://developer.nvidia.com/blog/int4-for-ai-inference/ and int3 has seem some use for LLaMA-at-home