Jpeg was released the MPEG-1 ( H.261 ) era. Since then we have had H.262 / MPEG2, H.263 / Divx, H.264 /AVC, H.265 / HEVC, and the coming H.266 / VVC. If we consider the amount of improvement we got from Video Encoding, images hasn't changed much at all, we happen to fine tune the heck out of Jpeg. And I hardly call a new image format with 50% reduction bitrate compared to a nearly 30 years old tech a major breakthrough, and that is without mentioning the huge decoding resources requirement.
There are many project that just improves on JPEG, Dropbox had a lossless compressor for JPEG, and Cant remember if Pik was originally based on jpeg as well.
Unless there is a real major breakthrough that gives the current best JPG encoder quality at 25% or less its size, focusing on 200KB, 100KB, 50KB images size, ( i.e the new image will have to be 50KB, 25KB, 12.5KB ) while using within 2x decoding power. I am convinced our roadmap for Network bandwidth improvement in the next 3 - 5 years are going to make JPEG to last forever.
Jpeg was released the MPEG-1 ( H.261 ) era. Since then we have had H.262 / MPEG2, H.263 / Divx, H.264 /AVC, H.265 / HEVC, and the coming H.266 / VVC. If we consider the amount of improvement we got from Video Encoding, images hasn't changed much at all, we happen to fine tune the heck out of Jpeg. And I hardly call a new image format with 50% reduction bitrate compared to a nearly 30 years old tech a major breakthrough, and that is without mentioning the huge decoding resources requirement.
There are many project that just improves on JPEG, Dropbox had a lossless compressor for JPEG, and Cant remember if Pik was originally based on jpeg as well.
Unless there is a real major breakthrough that gives the current best JPG encoder quality at 25% or less its size, focusing on 200KB, 100KB, 50KB images size, ( i.e the new image will have to be 50KB, 25KB, 12.5KB ) while using within 2x decoding power. I am convinced our roadmap for Network bandwidth improvement in the next 3 - 5 years are going to make JPEG to last forever.