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JPEG does not support lossless compression. There was an extension to the standard in 1993 but most de/encoders don’t implement that and it never took off. With JPEG XL you get more bang for your buck and the same visual quality will get you a smaller file. There would be no more need for thumbnails because of improved progressive decoding.
Then same can be said about JPEG LS and JPEG XL. Most browsers don’t implement that.
