alt Hacker NewsEXIF inside of PNGs is new. You can make it work by embedding structured chunks into the file, but it's not official in any way (well, not until the new spec, at least). Sidecar files have some kind of interoperable format that at least don't break buggy PNG parsers when you open the image file. The sidecar files themselves differ in format, but at least they're usually formatted according to their extension.
The usual sidecar files, XMP files, are standardised (in that they follow a certain extensible XML structure) and can (and often do) include EXIF file information.
Pretty much all the photos in Apple/Google photos are going to be JPEG and HEIF which do support EXIF. But both services basically will not touch what came out of the camera at all. If you add a description or date, it gets stored externally to the image so when you export your data, those changes are lost. Or they get dumped in a JSON file requiring you to use some custom script to handle it.