Systems

Speculative Decoding in Production: Architecture, Economics, and Serving Trade-Offs

Standard autoregressive large language model (LLM) generation produces one token per forward pass. Because modern inference architectures must read tens of gigabytes of model weights from high-bandwidth memory (HBM) into SRAM to process each solitary token at low batch sizes, generation is strictly memory-bandwidth bound rather than compute bound. Speculative decoding alters this hardware equation. By pairing a fast draft mechanism with parallel verification by the primary target model, inferen