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There is no reason that has to be a power of 2.
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Except the ALU isn't actually 64-bit, it's 67-bit as per article, extra bits for rounding. I'd imagine it was just taken for "prettiness", with 15 bits for exponent being basically reasonable. (maybe some algorithms which double precision per iteration would like it being a power of two? but any such probably vary significantly on initial estimate precision anyway)
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