The new USB4 spec was officially published by the USB Implementers Forum (USB-IF).

Key characteristics of the USB4 solution include:
- Two-lane operation using existing USB Type-C cables and up to 40Gbps operation over 40Gbps certified cables
- Multiple data and display protocols that efficiently share the maximum aggregate bandwidth
- Backward compatibility with USB 3.2, USB 2.0 and Thunderbolt 3
Over 50 companies are actively participating in the final stages of review of the draft specification.
http://www.usb.org