Maybe that depends on what "state of the art" means? It sounds like it might mean https://en.wikipedia.org/wiki/Superoptimization, but that's so slow-to-compile that I don't think any production compiler does anything like it. It might be that what "state of the art" really means in practice is "the slowest-to-compile level of optimization that regular folks are willing to put up with on a day-to-day basis." In which case, it cannot be fast kind of by definition :)