USB4 spec announced, will be based upon Thunderbolt 3

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Hexus published USB4 spec announced, will be based upon Thunderbolt 3

A quote from the article:
Hot on the heels of last week's USB 3.2 news - where the USB-IF tried to simplify consumer choices as we go forward - there is news today on another new USB standard, USB4. Intel revealed the next-gen spec at an event in Taipei earlier today. In brief, Intel is open licensing its Thunderbolt 3 technology, so third parties can use it royalty free, and the USB-IF is integrating this tech which will then become USB4. Thus, USB4 will offer up to 40Gbps speeds, double the speed of the USB 3.2 Gen 2x2 standard (AKA SuperSpeed USB 20Gbps).
 USB4 spec announced, will be based upon Thunderbolt 3