The new JPEG XS image format was built for streaming 4K and VR content

There's a new video compression standard on the block. It's called JPEG XS, and while it's made by the same team behind the ubiquitous JPEG image format, it serves a much different purpose. JPEG XS was announced earlier this week by the Joint Photographic Experts Group (JPEG), headed by École Polytechnique Fédérale De Lausanne (EPFL) professor Touradj Ebrahimi. The mission of this new format isn't to replace the standard JPEG image standard, but to supplement it by being a low-energy standard...