Posits
Posits are a family of floating-point number formats proposed as an alternative to IEEE 754 representations. They were introduced by John L. Gustafson and colleagues with the aim of delivering more accurate results and a wider effective range for the same number of bits, while providing simpler and more predictable handling of exceptional conditions. Posits have been explored in numerical analysis, high-performance computing, and machine learning research, but they have not achieved broad standardization or widespread hardware adoption.
A posits value is defined by a compact, self-describing structure consisting of a sign, a regime, an
Compared with IEEE 754, posits often offer higher accuracy for many common computations at the same bit