The JPEG XL Image Coding System (ISO/IEC 18181) has produced an open source reference implementation available on the JPEG XL Gitlab repository. The software is available under Apache 2, which includes a royalty-free patent grant. Speed tests indicate the multithreaded encoder and decoder outperforms libjpeg-turbo. Independent subjective and objective evaluation experiments have indicated competitive performance with commonly used image coding solutions while offering new functionalities such as lossless transcoding from legacy JPEG format to JPEG XL. The standardization process has reached the Draft International Standard stage.
That to me is the biggest news. I remember reading a presentation where it had even better quality at medium bitrate than AVIF. Since JPEG does not belong to Google or Apple, hopefully it would be a format easier to swallow from both parties.