Absolutely. We're still in early days, but the products that Intel has announced in this space are impressive, and if they execute well they should be able to c

Absolutely. We're still in early days, but the products that Intel has announced in this space are impressive, and if they execute well they should be able to capture a significant amount of market share. That isn't to say that they will be the majority or dominant player in this space, but even capturing 10% or 20% of the datacenter GPU market in the next few years would be a win for Intel. Intel is also well known for inking long-term deals with major discounts for big customers (Google, Facebook, etc.) that can commit to purchasing large amounts of hardware, whereas Nvidia doesn't really have the same reputation. It's conceivable that Intel could use this strategy to help bootstrap their server GPU business. The Googles and Facebooks of the world are going to have to evaluate this in the context of how much additional engineering work it is to support and debug multiple GPU architectures for their ML stack, but thinking long-term/strategically these companies should be highly motivated to negotiate these kinds of contracts to avoid lock-in and get better discounts.