Similar to your points, i also expect `perceptually lossless` to be a valid term in the future with respect to AI. Ie i can imagine a compression which destroys detail, but on the opposite end it uses "AI" to reconstruct detail. Of course though, the AI is hallucinating the detail, so objectively it is lossy but perceptibly it is lossless because you cannot know which detail is incorrect if the ML is doing a good job.

In that scenario it certainly would not be `transparent` ie visually without any lossy artifacts. But your perception of it would look lossless.

The future is going to be weird.