WebP - Google New Web Image Format

Google just released new image format for Web, called WebP.

The new WebP format can save 40% smaller from regular JPG format.

It is based on the VP8 image data format with a container based on RIFF.

for more info go to WebP site at http://code.google.com/speed/webp/

or

directly go to WebP Gallery to see image quality comparison between JPG vs WebP at http://code.google.com/speed/webp/gallery.html