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Browser maker love-in snubs Google-shunned JPEG XL
(www.theregister.com)
This is a most excellent place for technology news and articles.
I've read a comparison of several newer file formats (avif, heic, webp) with jpeg-xl. The conclusion was that jpeg-xl was on par in terms of compression, sometimes better and very fast. also it can re-compress jpgs directly.
here's an article describing it https://cloudinary.com/blog/the-case-for-jpeg-xl
The big thing, to me, is that it can losslessly encode JPEGs, the dominant format for allllll sorts of archived images. That's huge for migration of images that don't necessarily exist in any other format.
Plus, as I understand it, JPEG XL performs better at those video-derived formats at lossless high resolution applications relating to physical printing and scanning workflows, or encoding in new or custom color spaces. It's designed to work in a broader set of applications than the others, beyond just web images in a browser.