A video frame compression method includes determining a target neural network from a plurality of neural networks according to a network selection policy; and generating, by using the target neural network, compression information corresponding to a current video frame. If the compression information is obtained by using a first neural network, the compression information includes first compression information of a first feature of the current video frame, and a reference frame of the current video frame is used for a compression process of the first feature of the current video frame. If the compression information is obtained by using a second neural network, the compression information includes second compression information of a second feature of the current video frame, and a reference frame of the current video frame is used for a generation process of the second feature of the current video frame.