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DirectX 12 will be unveiled at GDC 2014



From Anandtech:
Picking up from where we left off with last week’s discussion of GDC presentations, Microsoft has released a short teaser regarding their GDC presentation. The previously mentioned “DirectX: Evolving Microsoft's Graphics Platform” session isn’t just a session on low-level APIs, as we first surmised, but will in fact be the formal unveiling of DirectX 12.

Just what DirectX 12 will contain remains to be seen. Given the session descriptions for this and other sessions, low-level (ish) interfaces for Direct3D seems likely. But it’s not clear if there are updates in store for any of the other components of DirectX.

Historically speaking, Microsoft has been overdue for a new DirectX announcement. Other than the various point updates over the last couple of years, Microsoft hasn’t had a major DirectX announcement since DirectX 11 in 2009, with DirectX 10 coming 3 years before that in 2006.
  DirectX 12 to Be Unveiled At GDC 2014