Agreed. JPG is the most popular format for photography. PNG, the lossless format is great for diagrams and stuff with sharp edges. It can be "compressed" via dithering and quantization.
GIF is there... because it will always be there because it's just a hit that will never go away. It's also lossless (when discounting colour depth).
The new formats are interesting webp, avif, JXL and so on.
Jpeg classic is the clear winner IMHO and will probably never be less relevant than the new fancier formats. JPG even does text and sharp edges, reds, and so on well if you tell your process to take into account chroma subsampling!
GIF is there... because it will always be there because it's just a hit that will never go away. It's also lossless (when discounting colour depth).
The new formats are interesting webp, avif, JXL and so on.
Jpeg classic is the clear winner IMHO and will probably never be less relevant than the new fancier formats. JPG even does text and sharp edges, reds, and so on well if you tell your process to take into account chroma subsampling!
It's magic and it puts food on my table.