Which format should you choose?
JPEG is the usual choice for photographs because nearly every app and website accepts it. WEBP usually gives the smallest file at the same visual quality. PNG stores every pixel exactly and keeps transparent backgrounds, which suits logos, icons and screenshots of text.
Converting a photograph to PNG often makes it much larger. That is expected rather than a fault, and ToolGPT says so on the card before you choose, so you are not surprised by a heavier file.