JPEG-XL is both a lossy and lossless codec. It is already being used in Camera DNG format, making the RAW image smaller.
While lossy codec is hard to compare and up for debate. JPEG-XL is actually better as a lossless codec in terms of compression ratio and compression complexity. There is only one other codec that beats it but it is not open source.
While lossy codec is hard to compare and up for debate. JPEG-XL is actually better as a lossless codec in terms of compression ratio and compression complexity. There is only one other codec that beats it but it is not open source.