During her keynote speech at CES, AMD head Lisa Su announced Radeon VII, which is a second generation Vega card using 7nm technology. She said that it has 16GB memory and will improve performance over Vega 64 for DaVinci Resolve and Premier Pro by up to 27% and 29% respectively.
Launch date is February 7. Price is US$700, bundled with three games.
She said nothing about Navi, except that further announcements are coming over the course of the year.
A have a few thoughts on this.
The Radeon VII presents an interesting bifurcation in strategies between NVIDIA and AMD.
Vega was AMD's attempt to take a lead on the compute side of GPUs. On paper, it's vastly superior to the GTX 1080 (its more or less competitor) in raw floating point performance, memory bandwidth and some integer operations. Yet, because it has lower raw pixel rate (and probably less optimization support in drivers and games), it can rarely outperform the GTX 1080 in gaming. Combined with the crypto craze driving its price through the roof it just never sat right in the market.
Now, Vega 2nd gen (i.e. Radeon VII) has 16GB of wickedly fast video RAM - twice the capacity and more than twice the bandwidth of its competitor, the RTX 2080. But, the RTX 2080 has new dedicated machine learning ("tensor") cores and hardware acceleration for bounding-volume intersection tests ("RT" cores).
This is really strange. If DLSS and real-time ray tracing takes off in the next year, Radeon VII will be rendered pointless for high-end gaming (which its $699 MSRP is targeting), yet remain irrefutably useful in some workstation scenarios. I'm really disappointed to see $699 debut prices on this class of hardware, previous generations priced it at $549. Both companies are going to make the argument that the higher costs are justified by significantly new capabilities (not just performance bumps), which there certainly are, especially on the NVIDIA side.
However, neither card will likely compete with each other in the same space because they have drastically different feature sets. Thus, this card brings no new real competition and we're probably going to be stuck at these inflated price points for a while :/
TL;DR: for macOS folks, Radeon VII will likely be pretty awesome if you need it. It will also be pretty nice for dual booting into Windows to play current and previous generation games, but will probably not age well on the gaming front.
In other news, NVIDIA has recently and publicly stated that Mojave drivers are coming soon, whatever that truly means. Still, it's a positive development.