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Unmesh Dinda discusses how JPEG files can surprisingly retain transparency information indirectly. Initially, he highlights the common knowledge that saving a transparent image as a JPEG in Photoshop results in a white background, which eliminates the transparency. He demonstrates this by showcasing the export options, emphasizing that JPEGs do not maintain transparency, and recommends using PNG format instead to ensure transparency is preserved. The video aims to reveal the unexpected capabilities of JPEGs regarding transparency while reinforcing the standard practice of using PNGs for such images.