If you value privacy, you aren't using Windows. If you value privacy, you should realize that most people only care about it to the extent of it just working, and it only does so for most people running major Windows and macOS desktop operating systems If you value privacy, then you know how to read Microsoft's privacy policy to know what your data is going towards on Windows. And if you value privacy, you can respect why Intel is doing this and also read their privacy policy as to how they use the data.
People are fear-mongering that Intel is taking usage data as if Intel has some interest in using the data maliciously. None of these major companies increasing and gathering telemetry have used the data in a truly malicious manner, unless you twist the wording for specific situations where bad-actors got caught doing bad-actor activity and have to comply with legal requests for information.
This is only beneficial for the audience Intel is targeting.