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With the performance gains of Mantle and DirectX 12, where does OpenGL exactly fall within all of this?

One step behind as usual sadly. Not far behind...but behind. And in a two horse race that's a difficult pitch...

A next generation API comparable to Mantle and D3D12 is being developed inside the Khronos Group: https://www.khronos.org/news/press/khronos-group-announces-k...

Everyone is hoping that it doesn't turn out into another Longs Peak.