This is from the same people that made zstd, the current state of the art for generic compression by almost any metric. They know what they are doing. Of course this is not better at generic compression because that's not what it's for.
Edit: I would assume the video is not great and can recommend the official article: https://engineering.fb.com/2025/10/06/developer-tools/openzl-open-source-format-aware-compression-framework/