"Use HNSW or Annoy for very large datasets where query speed is more important than precision": Graph-based methods have huge memory overhead and construction cost, and they aren't practical for billion-scale datasets. Also, they will usually be more accurate and faster than IVF techniques (as you would need to visit a large number of IVF cells to get comparable accuracy), though IVF can scale to trillion-sized databases without much overhead yet with reasonable speed/accuracy tradeoffs unlike other techniques. I'd say "use for medium-scale datasets where query speed is important, yet high accuracy is still desired and flat/brute-force indexing is impractical".