HTML 5 is intended to replace HTML 4 and XHTML as the next evolution of the standard. It is being developed jointly by the W3C and WHATWG to improve compatibility and introduce new semantic elements like <section>, <article>, and <nav> that provide more meaning than generic <div> tags. HTML 5 also adds new form input types, multimedia features like video and canvas drawing, and offline/storage APIs. While still in draft, major browsers have begun implementing key parts of HTML 5, but full adoption will take time as support needs to be added to Internet Explorer.