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In today's video, the tutorial demonstrates how to reduce the file size of JPEGs and PNG images using two free tools, tinypng.com and tinyjpeg.com. By compressing images, you can decrease email attachment sizes and improve website loading speed. To use the tool, either upload the image file or drag-and-drop it onto the site. The tool will work on compressing the file, resulting in a smaller file size. Both website links are provided in the video description for easy access.