A few days have now passed since @MysteryLupin leaked details about the Motorola Moto G85. Originally, the device was expected to land with the Snapdragon 4 Gen 3, a chipset that remains unreleased. @MysteryLupin suggested that Motorola intended to sell the Moto G85 with the Snapdragon 6s Gen 3 instead, though.
In short, Motorola has not announced the Moto G85 yet. With that being said, Qualcomm has now listed the Snapdragon 6s Gen 3 on its website with the part number 'SM6375-AC' or 'SM6370' for its 4G variant. Upon first glance, the Snapdragon 6s Gen 3 is a new chipset. However, its part number is the same as the older Snapdragon 695 5G (SM6375) upon which the Moto G84 5G (curr. $229.99 on Amazon) is based.
As such, the Snapdragon 6s Gen 3 utilises a 6 nm TSMC node, an Adreno 619 GPU and a FastConnect 6200 modem with support for LPDDR4X RAM and UFS 2.2 flash storage. Moreover, the chipset features two ARM Cortex-A78 CPU cores clocked at 2.3 GHz and six Cortex-A55 cores that can boost 2 GHz. By contrast, the Snapdragon 695 5G peaks at 2.2 GHz on its Cortex-A78 cores and 1.7 GHz on its Cortex-A55 cores. In other words, the Snapdragon 6s Gen 3 is an overclocked Snapdragon 695 5G. Please see Qualcomm's product page and the image below for more hardware details.