Epic Games launched the first preview of Unreal Engine 4.16 which introduces new core features in animation, physics, rendering, audio, VR, mobile and more. Early adopters can test new features such as Volumetric Fog, FFT Convolution Bloom and numerous Animation and Physics additions.
Those interested in checking out the latest features can download the update through the Library section on the Epic Games launcher by selecting “Add Versions” and choosing Unreal Engine 4.16 Preview 1.
Epic has posted a full list of changes in the 4.16 Preview 1 in their forums at https://forums.unrealengine.com/showthread.php?142071.