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Intel is confident it has designed its upcomingA770 and A750 graphics cards to match Nvidia's RTX 30-series GPUs, or perhaps even surpass them, in ray tracing performance. Ryan Shrout and Tom Petersen from the Intel Graphics team stated
The RTU [ray tracing unit] that we have is particularly well suited for delivering real ray tracing performance, and you'll see that when you do ray tracing on comparisons with an [RTX] 3060 versus A750 or A770, we should fare very, very well.
That means Intel believes its ray tracing acceleration is capable of matching Nvidia's 2nd Generation RT Cores, at the very least. Though we would assume Petersen's comments should be taken as a comparison of like-for-like RT performance, meaning the A770 is competitive with the RTX 3060.