People store large quantities of data in their electronic devices and transfer some of this data to others, whether for professional or personal reasons. Data compression methods are thus of the utmost importance, as they can boost the efficiency of devices and communications, making users less reliant on cloud data services and external storage devices.
But spending a lot of processing power to gain smaller sizes matters mostly in cases you want to store things long term. You probably wouldn’t want to keep the exact same LLM with the same weightings and stuff around in that case.