It _is_ a hype bubble but it is also an S-curve. Intel has missed the AI boat so far, if they are trying to catch up, I would encourage them to try. Building marginally better x86 chips might not cut it anymore.
Maybe they mean the more vram needed for agentic AI? but then the sane thing to say would be that theyll offer more compute for AI.
its just an unhinged thing for a chip manufacturer to say.