Population coding under the scale invariance of high-dimensional noise

High-dimensional scale-invariant neural activity is ubiquitous across brain regions and species, but its implications for information coding remain unclear. Here, we ask how stimulus information in the high-dimensional activity of mouse V1 scales with neuron number: Does it saturate due to noise correlations or increase without bound as subpopulations grow? Contrary to previous reports, we find that leading noise components that scale linearly with population size, and thus can limit information, are not sufficiently aligned with the signal to impose a bound. This conclusion follows from two scale-invariant power-law properties of neuronal responses in mouse V1: the noise eigenspectrum and alignment of noise components with the signal. We show that population subsampling links the observed power-law exponents to information boundedness and that information scaling depends on the full eigenspectrum rather than its leading modes. Last, we prove that, under subsampling, information-limiting correlations, if present, are differential correlations. Our findings clarify how information scales in high-dimensional neuronal activity under scale-invariant noise.