This is an idea I’ve been toying with for a bit. There is a ton of media that includes unimportant information that doesn’t need to be stored pixel perfect. Storing large portions of the image data as text will save substantial amounts of storage, and as the reality of on-device image generation becoming commonplace sets in digital memories will become the main way people capture the world around them. I think this will inevitably be the next form of media capture (photography and video), not replacing other methods/ formats, but I could see things like phone cameras having saving images as digital memories set to default to save on storage.
Imo video sizes will eventually plateau, there is only so much resolution people actually need. There is so little difference from a distance. From 5m I can’t really tell much difference between 4K and 1080p content on a 50 inch tv. Not to mention resolutions above that