AMD is planning to put out one of there high range GPU-R9 380x in Spring.
This card may not be the direct competitor for the next NVIDIA titan as that will be the 390x. However, everyone is still debating on that.
What we know is that, this card will be a direct competitor for gtx 980. The card will also not be utilizing GDDR5 and will be the first to implement HBM.
If the rumored performance is true, these specs will significantly faster than the gtx 980 at a similar price point. However, the watt usage will be higher than the maxwell cards and be similar to the Nvidia kepler levels.
Performance will be 50% higher than the r9 290x
http://www.sweclockers.com/nyhet/19919-amd-lanserar-radeon-r9-380x-till-varen
Also on a side note, the R9 370x mid range lines will also be coming out soon as well.
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