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Today's video tutorial demonstrates how to reduce the file size of JPEG and PNG images, highlighting the importance of reducing image file size for various purposes such as email attachments and website loading speed. The tutorial showcases two free tools - tinypng.com and tinyjpeg.com - for easily compressing images. Users can upload files directly or drag and drop them onto the website for compression. The process is uncomplicated and efficient, making it a valuable tool for image optimization.