Intel knows how to make software and libraries for their hardware, which is the thing people keep lamenting about AMD. Intel's current GPUs are mediocre but priced competitively for what they are, and Intel having more competitive hardware in the future is not implausible.
Which could lead to Intel realizing the opportunity they have. Create decent libraries that work across every vendor's GPUs. In the short term this helps AMD at the expense of Nvidia, which in itself helps Intel by preventing Nvidia from maintaining a moat. In the medium term Intel then has people using Intel's libraries to write code that will work on their future GPUs and then their problem is limited to producing competitive hardware.
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