Recap: Support for the AV1 codec has grown considerably since its launch in 2018. Large and small platforms quickly adopted the format to minimize bandwidth consumption while preserving image quality.

Google plans to acquire video and VoIP (Voice over IP) codec developer Global IP Solutions (GIPS) for approximately 421 million Norwegian kronor ($68.2 million) in cash, the company said on Tuesday.

While many companies leverage AI to enhance the performance of existing codecs like H.264, HEVC, and AV1, UK-based Deep Render is developing a fully AI-based codec. To promote the understanding of AI ...