After Sony has showcased Unreal Engine 5 capabilities on the new PlayStation 5 console, there was a counterpart event missing from Microsoft. However, Microsoft has announced today that the company will host a live stream event on July 23rd. That is the date when Microsoft will host the event on YouTube and Twitch. Starting at 9 am PT time, the company will showcase the capabilities of the new Xbox Series X console. Possibly, Microsoft will show ray tracing and all the latest technology advancements with AMD's RDNA2 graphics card found inside the new console. What we can expect in terms of games is Halo Infinite and maybe new Forza and Gears of War games. Either way, we have to wait and find out on July 23rd.

Epic Games has just recently unveiled its Unreal Engine version 5, which was demonstrated on next-generation PlayStation 5 console. Showing off some impressive details, Epic Games has managed to use all of the power available to them from the new hardware in the PS5 console. Rocking a custom APU from AMD, the PS5 console has 10.28 TeraFLOPs of computing power, which is paired with a fast NVMe SSD. Such a combination allows for the impressive demo we have seen just a few days ago.

However, if you wonder what equivalent PC hardware would you need to run the demo on, World Today News has concluded that you would need at least to have NVIDIA GeForce RTX 2070 SUPER graphics card to run a demo if you could. The RTX 2070S GPU has 9 TeraFLOPs of computing power, and the demonstration would "run pretty good" on that GPU. By the time first Unreal Engine 5 based games come out, next-generation graphics cards should already be available and you wouldn't need to worry if you are getting an upgrade. For the people owning RTX 2070S and faster, they should be good to go for when games based on Unreal Engine 5 hit the market.

Epic Games has just released a trailer for version 5 of their industry/acclaimed Unreal Engine. Dubbed "Lumen in the Land of Nanite", the demo they've shared is nothing short of mindblowing when it comes to the amount of environment and character detail. Unreal Engine 5 will feature a new geometry processing engine Epic is calling Nanite, which the company promises will virtually eliminate polygon budgets for developers, with automatic stream and scaling, thus eliminating the need to develop LOD levels for particular assets. Another addition, and an as impressive one, is the Lumen global illumination engine, which will save developers the need to manually bake lightmaps accounting for every little change in a scene's lighting - the global illumination system makes these changes in lighting conditions as seamless and integrated as they can be. This among other features already introduced with version 4.25 such as Niagara VFX and Chaos destruction systems.

Unreal Engine 5 is pegged for an early 2021 release; Epic Games has already announced they will be porting their popular Fortnite videogame into the engine, which makes sense, considering it's being particularly optimized for PC and next-generation consoles. These will become the backbone of games development - and an important source of Epic's Fortnite revenue stream. Take a look at the trailer after the break - and remember this was all running real-time in a PlayStation 5 console.