Hi all,
I do not have a computer science background or similar but I find the developments around image compression super fascinating as they are combining perception, information theory and cs. I was wondering this question though, that maybe people with experience with image compression could answer:
Would it be theoretically possible that we develop algorithms that compress photographic content visually lossless to lets say a 1/50 of the original size or are we actually already near a limit what can be achieved realistically? The fact that in the 30 years since the original jpeg we haven't achieved something like this, hints at this direction. I know improving on jpeg and now avif and jxl will be very difficult but this is more a general question about What are the theoretical and practical limits of lossy image compression?