At the very least, it's nice to have some decent BUDGET cards now. The ~$200 segment has been totally dead for years. I have a feeling Intel is losing a fair chunk of $ on each card though, just to enter the market.
https://christianjmills.com/posts/intel-pytorch-extension-tu...
https://chsasank.com/intel-arc-gpu-driver-oneapi-installatio...
I quite enjoyed using the CUDA to OneAPI migration tool. Was a bit dodgy at times, but for the most part helped me move a lot of stuff out of the NVIDIA walled garden.
Uh...yes they do? I mean, look at all the VC startups these days like Uber/Doordash/Rivian/WeWork/Carvana/etc. Some of those have been bleeding hundreds of millions per quarter for years and keep getting more pumped in over and over.
But even when it's not for insane VC reasons, companies burn money to get market share all the time. It's a textbook strategy. They just don't do it forever. Eventually, the shareholders can get impatient and decide to bail on the idea.