The  question of “what is the future of the web?” has been asked around my  school recently... here is my take on the history and the future...
We are all familiar with the Web1.0 transition to Web 2.0 . Web 1.0 was the first “generation” of sites where content  providers posted and “net-surfers” consumed. Web 2.0 started when we  (that is the collective group of World Wide Web users) started creating  content. eBay feedback, Amazon recommendations, Facebook, Blogger... any space where you log on and “post” content is Web 2.0.
Web 3.0  is generally used to describe “cloud computing,” where we (again any  user with an account) uses applications provided on a web site. Google  Docs and all of the other online apps systems are familiar examples.
We are also starting the hear about the semantic web.  This is more difficult to define, and when one reads about it, we see  tautologies and meaningless descriptions and links back to to other  descriptions (is that a hyper-tautology?). Here is my understanding of  what the semantic web will do:
First,  we need to recognize that human language contains (a) what we say-- the  syntax, and (b) what we mean-- the semantics. Sometimes these are in  agreement-- we say what we mean; sometimes these aren’t in agreement--  we use double speak, euphemisms, and otherwise take poetic license.
So, designers of the semantic web seek to create search algorithms that are based on our semantics as well as our syntax.
Whenever  I see the Bing commercials in which someone starts with a term and  within seconds the search has turned into something far different, I see  the motivation for the semantic web. Although the divergent search  results portrayed in the Bing commercials are based on our syntax, they  are not based on semantic.
Just one person's take on the terms that are kicking around... 
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