JPEG - named after its creator the Joint Photographic Expert Group - (`/ˈdʒeɪpɛɡ/ jay-peg`) (seen most often with the `.jpg` extension) is a commonly used method of lossy compression for digital photography (i.e. images).

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How to reduce the file size of a PSD image with minimal quality loss?

I have a full colour PSD image file which I want to convert to a format that can be easily shared on the web. The current size is of the PSD is around 7MB. I want to reduce the file size to ...