A common misunderstanding is that speculative decoding is faster because it requires fewer floating-point operations (FLOPs) per token. This is incorrect; speculative decoding actually increases the total FLOPs executed for the same sequence. The speedup comes from a different mechanism than reduced computational load.
Speculative decoding employs a smaller 'draft' model to propose a sequence of tokens. A larger, more accurate model then verifies this entire proposed sequence in a single parallel forward pass. This contrasts with traditional LLM decoding, which generates and processes one token at a time sequentially.
The key to speculative decoding's speed lies in how it alters the GPU's workload. Traditional, one-token-at-a-time LLM decoding is often 'memory bound,' meaning the GPU spends significant time loading data. Speculative decoding, by verifying multiple tokens in parallel, shifts the operation to become more 'compute bound,' where the GPU is actively performing calculations. This change allows the GPU to utilize its processing units more efficiently.
When LLM decoding is memory bound, the GPU's computational capacity is underutilized. Speculative decoding leverages this otherwise wasted compute. By processing multiple tokens in a batched manner, it makes better use of the GPU's parallel processing capabilities, leading to faster decoding, particularly at low batch sizes.
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Speculative decoding accelerates Large Language Model (LLM) inference not by performing less work, but by shifting the type of work the GPU performs. It transforms memory-bound, single-token decoding into more compute-bound, batched verification, utilizing otherwise wasted GPU capacity. This allows for faster generation at low batch sizes.