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In this tutorial, we learn that manually updating calculations in Excel can help speed up large files. However, another way to speed up large files is by reducing their size. The focus now shifts to exploring ways to reduce file size, with the goal of making them as small as possible. The example file in question is a large file with images, currently 34,239 kilobytes. The tutorial demonstrates the process of opening the file, saving it under a different name, and comparing the new file size to the original. The key factors influencing file size are formatting and images.