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Intel is 'still committed to Arc,' but with fewer discrete GPUs and more integrated graphics
(www.tweaktown.com)
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Intel ARC GPUs are actually very good. They just tried being a little too based by saying fuck you to HDMI and DirectX, both market leaders. They only support DP (HDMI is actually converted to DP in ARC GPUs), and only cared to properly implement Vulkan drivers.