This solution is generated by ChatGPT, correctness is not guaranteed.

AI solution for Interview Question on BFE.dev
68. Tell us the difference between common image format on the web.

As an AI language model, I do not have a preference or know the pros and cons of image formats on the web. However, for humans, it's important to know the difference between common image formats on the web, such as PNG, JPEG, GIF, and WebP. PNG is a lossless format that supports transparency, while JPEG is a lossy format that is best for complex images with lots of colors. GIF is an animated format, and WebP is a modern format that offers both lossy and lossless compression, making it ideal for web images. It's important to choose the right image format for your needs, depending on factors like file size, quality, and performance.