Depends on if the game is delayed for many years or not. Most modern AAA games have long development time. Let’s say Nintendo starts making the next Legend of Zelda game this year, they won’t be targeting current tech but rather tech available in the next 5 years. It’s the same with GTA 6, or any other AAA game.
Also current tech are generally backwards compatible and can be implemented even for older games. Tech like ray tracing, frame generation, and all that can be retro fitted to older games with little effort.
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