Hi,
The support of Nvidia Ampere GPUs (GTX 3000 series) for Iray is planned with version 2021 of Substance Painter. These GPUs can be used for regular work in the application meanwhile, Iray will simply default back to CPU rendering until the update is available.
In order to support these news GPUs we need to update Iray too, which drops the support of Nvidia Kepler GPUs (GTX 700 series) at the same time. We therefore decided to postpone a bit the update until the next major version in order to keep Iray working a bit longer with Kepler GPUs since it seems a lot of users are still using them.