One embodiment provides a graphics processor comprising a memory controller and a graphics processing resource coupled with the memory controller. The graphics processing resource includes circuitry configured to execute an instruction to perform a matrix operation on first input including weight data and second input including input activation data, generate intermediate data based on a result of the matrix operation, quantize the intermediate data to a floating-point format determined based on a statistical distribution of first output data, and output, as second output data, quantized intermediate data in a determined floating-point format.