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In this video tutorial, the presenter compares an uncompressed image of 46 megabytes with its compressed JPEG version, which is only 4.1 megabytes. The focus is on exploring the JPEG algorithm, demonstrating how images can be compressed to a tenth of their original file size while maintaining the same resolution and high quality. The importance of this algorithm is highlighted, noting that most digital images from phones and cameras are saved in JPEG format. Research shows that 86% of images found online are JPEGs. The video also touches on the relevance of video compression algorithms like h.264.