Massachusetts Institute of Technology researchers presented a new algorithm this week at the Symposium on Discrete Algorithms (SODA) that could be used for image compression of large video files required to wirelessly transmit to smartphones without draining battery life or counsuming an overabundance of bandwidth. The algorithm supports the Fourier transform concept, described as fundamental in information sciences. While it's universal in signal processing, it can also be used to compress image and audio files, solve differential equations and price stock options, and more.
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