Exponential improvements in processing power (doubling every 18 months) are enabling the creation of highly lifelike graphics and 3D environments. At the same time, faster broadband is opening up new frontiers in cyberspace, allowing the development of Web 3.0 – the next generation of Internet. This is being combined with developments in on-person hardware, creating renewed interest in virtual reality.
http://www.futuretimeline.net/21stcentury/2015.htm#.VMZaEUfF-Ew
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