Prepared for: General technical / architectural / VFX evaluation Version focus: V-Ray Next (build 5.x), e.g., 5.00.03 – 5.20.xx Date: (Assumed current review) 1. Executive Summary V-Ray Next (5.x) introduced a scene intelligence overhaul, GPU + CPU hybrid rendering improvements, and native support for material & lighting workflows across DCC apps. It unified Chaos Group’s rendering ecosystem, but each host app (3ds Max, Maya, Revit, “Other”) has unique performance profiles and limitations.