One of the major differentiators unlocked by learned codecs relative to their hard-coded traditional counterparts is their ability to be optimized directly to appeal to the human visual system. Despite this potential, a perceptual yet practical image codec is yet to be proposed. In this work, we aim to close this gap. We conduct a comprehensive study of the key modeling choices that govern the design of a practical learned image codec, jointly optimized for perceptual quality and runtime — including within the ablations several novel techniques. We then perform performance-aware neural…