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Low-latency JPEG XS format is optimized for live streaming and VR
You might only know JPEG as the default image compression standard, but the group behind it has now branched out into something new: JPEG XS. JPEG XS is described as a new low-energy format designed to stream live video and VR, even over WiFi and 5G networks. It's not a replacement for JPEG and the file sizes themselves won't be smaller; it's just that this new format is optimized specifically for lower latency and energy efficiency. In other words, JPEG is for downloading, but JPEG XS is more for streaming.