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Between 700,000 and one million species live in the world's oceans, according to a thorough new analysis, which also estimated that between one-third and two-thirds of those species have yet to be named and described.

The new numbers are far smaller than previous estimates, which had put the tally of marine species as high as 10 million or more. By coming up with a more accurate picture of what we know and what we don't yet know about marine life, the study should help scientists better focus conservation efforts where they're needed most.