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The default low precision is a bit of a footgun, at least when doing anything that isn't implementing a neural net layer. In my opinion, it would be much safer to use "highest" precision by default (which isn't that much slower) on float32 data. Neural net libraries, of course, can default to lower precision, so this really only effects users who directly use NumPy APIs or the @ infix operator.
chriscarmona, KristianHolsheimer, dwf, martin-marek, SuperElectric and 8 morejuliuskunze and chriscarmona