The B580 was released in December 2024, and the 4060 in May 2023. So not quite a two year difference.

While it doesn't quite compete at performance and power consumption, it does at price/performance and overall value. It is a $250 card, compared to the $300 of the 4060 at launch. You can still get it at that price, if there's stock, while the 4060 hovers around $400 now. It's also a 12GB card vs the 8GB of the 4060.

So, sure, this is not competitive at the high-end segment, but it's remarkable what they've accomplished in just a few years, compared to the decades that AMD and NVIDIA have on them. It's definitely not far fetched to assume that the gap would only continue to close.

Besides, Intel is not only competing at GPUs, but APUs, and CPUs. Their APU products are more performant and efficient than AMD's (e.g. 140V vs 890M).