This will be the year where we will be getting a new PS5 and Xbox Series X console which means we will be hearing about them until the release and for the PS5, Sony has just shown off what the PS5 is capable off with a demo of Unreal Engine 5.
However, they also explained that producing a game that looks like that will not be cheap which means game development costs for AAA games will go up. It was also added that the game will be more human-intensive and capital intensive to produce so development budgets should be more now but nothing too extreme.
All of these are for the PS5 but we are expecting the same thing to happen to the Xbox Series X game as well. Currently, there are not many details about the new consoles yet with details like the price still a mystery.