What Is JPEG XL?
jpegxl.info
jpegxl.info
What is needed to get a big improvement for photography is a format that can do high-quality high-bitdepth, which would eliminate most of the need for shooting in RAW formats. If the format is precise enough to accurately represent the dynamic range of the actual data (which typically around 14 bits per sample), then this would be 'good enough' to no longer need bulky RAW files. Currently JPEG XL is the only format that can do that — JPEG and WebP cannot do it, and even HEIC and AVIF cannot really do that (especially not their hardware implementations).
It will take a while before cameras will start deploying JPEG XL, but at least now Adobe Camera Raw, Affinity Photo, and darktable support JPEG XL, photographers can already start converting their RAWs to JPEG XL and save tons of storage. Of course it would be even better if cameras can directly produce JPEG XL, and I think this will be a killer feature for the first cameras that will do that — effectively it will increase on-camera storage capacity by an order of magnitude and tremendously improve interoperability.
Chrome's decision is of course regrettable but I hope they will eventually revisit it as adoption of JPEG XL increases.
WebP is based on the VP8 codec, which has lost in the market to even older codecs, later has been obsoleted by VP9, and the tech has later been upgraded to VP10 and AV1. WebP is already a few generations behind the state of the art, and it wasn't even good when it was new.
People sometimes see huge difference in file size when converting JPEG to WebP, but that's 10%-15% reduction from improved compression, and the rest of reduction is from loss of quality caused by WebP's limitations and lossy nature of the conversion.
WebP is like a magic backpack that makes your baggage 5-10 lighter — by having a hole and dropping your items.