

Spectral JPEG XL utilizes a technique used with human-visible images, a math trick called a discrete cosine transform (DCT), to make these massive files smaller […] it then applies a weighting step, dividing higher-frequency spectral coefficients by the overall brightness (the DC component), allowing less important data to be compressed more aggressively.
This all sounds like standard jpeg compression. Is it just jpeg with extra channels?
Yeah, jpeg converts to lab (or something similar, I think). But the dimensions are the same: one channel for lightness, and then a number of channels one less than the total number of sampled frequencies to capture the rest of the color space.