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In today's video, the tutorial shows how to reduce the file size of JPEGs and PNG images, emphasizing the importance of this for tasks like email attachments and website loading speed. The video introduces two free tools - tinypng.com and tinyjpeg.com - for image compression. The process is simple: either upload the image file directly or drag it into the website interface. The tutorial demonstrates how the tool compresses a 2.45 MB image to a smaller size. Links to both sites are provided in the video description.