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HDR (Radiance RGBE image format) is an image file format designed to store images with a broad range of luminance levels, from deep shadows to bright highlights, capturing more detail in both areas than standard digital imaging formats. This format is commonly used in photography and computer graphics to achieve more realistic or artistically enhanced representations of light in images. However, HDR files can be larger in size, and they require compatible software and displays to fully appreciate the enhanced dynamic range.

PSD stands for Photoshop Document, and it is the default file format used by Adobe Photoshop, a popular image editing software. PSD files support multiple layers, allowing for rich image composition and editing. They can store an image's individual layers, text, masks, transparency, clipping paths, and other settings, which are all editable within Photoshop. This format is widely used by graphic designers, photographers, and artists for creating and editing complex images and digital art.