Part 3/10:
Google introduced WebP as a more efficient alternative that could handle both lossless and lossy compression. The idea was to create a format that delivers the same visual quality as JPEG or PNG but with significantly smaller files, thus saving bandwidth and improving webpage load times. Studies have shown that WebP can produce images that are roughly 25% to 34% smaller than their JPEG counterparts at the same quality level, which is a substantial improvement for web performance and data usage.