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In this video, Unmesh Dinda discusses the capability of JPEG files to hold transparency information indirectly, a revelation that surprised him. He explains that when saving images with a transparent background in Photoshop as JPEGs, the background defaults to white, losing the transparency. This commonly known limitation leads to the recommendation of using PNG format for preserving transparency. Dinda highlights that while JPEGs cannot maintain transparency when exported, saving as PNG ensures that the transparent areas are retained. The video sets the stage for exploring this interesting aspect of JPEG file handling in more detail.