Otherwise we will have this:
[–] aktenlage 11 hours ago
[–] taneq 8 hours ago
…maybe THIS one will be The Final Codec… doodoodoo dooo
[–] ChadNauseam 3 hours ago
In popular consciousness, maybe. When people think image they thing jpg. But most websites you use aren't delivering images as jpg. Most sites care about saving money on bandwidth and their site loading fast, and because of that they tend to use webp and avif, which are much smaller for the same quality.
[–] thunderfork 4 hours ago
I think encode costs are higher (although I'm struggling to find any actual data) but in my experience this is totally negligible in practice.
Of course, don't go converting all your mp3s to Opus, but if you're running a music streaming server or whatever, Opus is pretty sweet... and probably close to "as good as it gets" until/unless we figure out some crazy new tricks.
Edit: And you can also look at the video codec landscape as having two major standards that put out new versions sometimes. The MPEG/h.26x series and the VPx/AVx series. It's not quite that simple but it's close.