Tight FPT Approximations for $k$-Median and k-Means

We investigate the fine-grained complexity of approximating the classical $k$-median / $k$-means clustering problems in general metric spaces. We show how to improve the approximation factors to $(1+2/e+\varepsilon)$ and $(1+8/e+\varepsilon)$ respectively, using algorithms that run in fixed-parameter time. Moreover, we show that we cannot do better in FPT time, modulo recent complexity-theoretic conjectures.