HTML5 is the next major revision of the HTML standard currently under development by the WHATWG and W3C. It introduces many new features including new semantic elements, canvas element for 2D graphics, video and audio elements, local storage, and geographic location. CSS3 also introduces many new features such as rounded corners, box shadows, gradients, transitions and 2D/3D transforms allowing developers to create richer designs. Together, HTML5 and CSS3 make web development easier by handling more tasks like drag and drop and client side storage, allowing developers to focus on the core functionality of their applications.