Are we talking about Intel's plans for a standalone GPU?

Intel hadn't shipped a dedicated GPU in >20 years (until the low-end DG1 last year) and their integrated graphics were anemic at best for most of that time period.

"2-4 years behind Nvidia" would be pretty impressive of a leap to have been aiming for in some meeting a few years ago.

I don't expect to be purchasing their DG2/"Arc Alchemist" when it launches in a few months, but if it's remotely competitive with mid-range current generation cards (as has been rumored/claimed), that'll be pretty impressive to my mind, to basically enter a completely new market segment for them and have a product that's even worth discussing.