AMD has revealed its first RDNA 3 graphics cards, the $1000 Radeon RX 7900 XTX and $900 RX 7900 XT. As the numbering scheme and price points indicate, these are high-end models designed to compete with Nvidia's RTX 4090 and 4080, but they come with more substantial changes than you might expect - including FSR 3, designed to counter Nvidia's DLSS 3 frame generation, and a brand new chiplet-based design.
Finally, AMD announced FSR 3, promising up to double the frame-rate of FSR 2. Based on this wording - and the presentation endnote that references 'Fluid Motion Frames' - it seems a pretty safe bet that this is frame generation a la DLSS 3. This technology slightly increases input latency, but improves visual fluidity substantially as AI-generated frames are inserted between 'real' ones. As it doesn't appear that RDNA 3 hardware is used for this, the tech could be made available for older AMD GPUs as well - or even Nvidia/Intel models. That would give it a unique advantage against DLSS 3, which is exclusive to the expensive RTX 4090 (and its forthcoming 40-series counterparts) at present. FSR 3's release date was given as '2023', so presumably we'll see much more information about it over the next few months.