The Alliance for Open Media has released the final v1.0 specification for the AV2 video standard, which promises superior compression efficiency and support for emerging use cases like AR/VR and real-time video conferencing. The specification outlines the bitstream syntax, semantics, and decoding processes for AV2 implementations. The AV2 standard is expected to provide significant improvements over its predecessor, AV1, with enhanced features and better compression efficiency. However, widespread adoption and hardware support are expected to take time, likely until 2028 or later.