It's almost impossible to believe that they actually thought they'd be able to go up against two GPU makers each with 25+ years of experience.
This was always going to be a long uphill battle. Always. I figured it would take at least 10 years for Intel to become competitive, but turns out they tucked tail and ran.
Mediocre!
I don't get it - that was what all gfx chips were before shaders came along. That's not unlike how the PS2's GS chip worked too. Texturing and triangles was everything. What feature did the Voodoo have that the 740 didn't?
But for whatever business reason they felt mission accomplished and dropped it. Then over the years they’ve bought others for differing business reasons.
But the common thread is they never stuck to it and never dedicated resources to make it flourish and succeed on its own merit.
Intel makes a ton of money selling graphics silicon. They just haven't quite figured out the "plays the most demanding video games on max mode with a side of ML/AI" market yet.
Predictions of Intel's demise are greatly premature.