Forget specialized hardware. Get GPU-class performance on your commodity CPUs with compound sparsity and sparsity-aware inference execution. This talk will demonstrate the power of compound sparsity for model compression and inference speedup for NLP and CV domains, with a special focus on the recently popular Large Language Models. The combination of structured + unstructured pruning (to 90%+ sparsity), quantization, and knowledge distillation can be used to create models that run an order of magnitude faster than their dense counterparts, without a noticeable drop in accuracy. The session participants will learn the theory behind compound sparsity, state-of-the-art techniques, and how to apply it in practice using the Neural Magic platform.