This paper proposes a low latency neural network architecture for event-based dense prediction tasks. Conventional architectures encode entire scene contents at a fixed rate regardless of their temporal characteristics. Instead, the proposed network encodes contents at a proper temporal scale depending on its movement speed. We achieve this by constructing temporal hierarchy using stacked latent memories that operate at different rates. Given low latency event steams, the multi-level memories gradually extract dynamic to static scene contents by propagating information from the fast to the slow memory modules. The architecture not only reduces the redundancy of conventional architectures but also exploits long-term dependencies. Furthermore, an attention-based event representation efficiently encodes sparse event streams into the memory cells. We conduct extensive evaluations on three event-based dense prediction tasks, where the proposed approach outperforms the existing methods on accuracy and latency, while demonstrating effective event and image fusion capabilities. The code is available at https://hamarh.github.io/hmnet/
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