Quantization of foundational models (FMs) is significantly more challenging than traditional DNNs due to the emergence of large magnitude features called outliers. Existing outlier-aware algorithm/architecture co-design techniques either use mixed-precision, retaining outliers at high precision but compromise hardware efficiency, or quantize inliers and outliers at the same precision, improving hardware efficiency at the cost of accuracy. To address this mutual exclusivity, in this paper, we propose MicroScopiQ, a novel co-design technique that leverages pruning to complement outlier-aware quantization. MicroScopiQ retains outliers at higher precision while pruning a certain fraction of least important weights to distribute the additional outlier bits; ensuring high accuracy, aligned memory and hardware efficiency. We design a high-throughput, low overhead accelerator architecture composed of simple multi-precision INT processing elements and a novel network-on-chip called ReCoN that efficiently abstracts the complexity of supporting high-precision outliers. Additionally, unlike existing alternatives, MicroScopiQ does not assume any locality of outlier weights, enabling applicability to a broad range of FMs. Extensive experiments across various quantization settings show that MicroScopiQ achieves SoTA quantization performance while simultaneously improving inference performance by 3x and reducing energy by 2x over existing alternatives.

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