A large body of work has suggested that neural populations exhibit low-dimensional dynamics during behavior. However, there are a variety of different approaches for modeling low-dimensional neural population activity. One approach involves latent linear dynamical system (LDS) models, in which population activity is described by a projection of low-dimensional latent variables with linear dynamics. A second approach involves low-rank recurrent neural networks (RNNs), in which population activity arises directly from a low-dimensional projection of past activity. Although these two modeling approaches have strong similarities, they arise in different contexts and tend to have different domains of application. Here we examine the precise relationship between latent LDS models and linear low-rank RNNs. When can one model class be converted to the other, and vice versa? We show that latent LDS models can only be converted to RNNs in specific limit cases, due to the non-Markovian property of latent LDS models. Conversely, we show that linear RNNs can be mapped onto LDS models, with latent dimensionality at most twice the rank of the RNN. A surprising consequence of our results is that a partially observed RNN is better represented by an LDS model than by an RNN consisting of only observed units.

An emerging paradigm proposes that neural computations can be understood at the level of dynamic systems that govern low-dimensional trajectories of collective neural activity. How the connectivity structure of a network determines the emergent dynamical system, however, remains to be clarified. Here we consider a novel class of models, gaussian-mixture, low-rank recurrent networks in which the rank of the connectivity matrix and the number of statistically defined populations are independent hyperparameters. We show that the resulting collective dynamics form a dynamical system, where the rank sets the dimensionality and the population structure shapes the dynamics. In particular, the collective dynamics can be described in terms of a simplified effective circuit of interacting latent variables. While having a single global population strongly restricts the possible dynamics, we demonstrate that if the number of populations is large enough, a rank R network can approximate any R -dimensional dynamical system.