“Since launch, Moore Threads has been hard at work delivering driver optimizations for its GPUs. Truth be told, we aren't sure if we should take these numbers at face value. Despite these cards' raw horsepower, software, and certain architectural limitations are likely holding them back.”
Finance, time and market share are the 3 parts that matter going forward.
Can they afford to develop the next generation based on what they have learned/are learning from the current parts?
Can they execute in a timely manner?
Is the Chinese (guessing they are aimed at the home market for now) market going to adopt these parts and pull developers into optimising for them?
While the base hardware may not be exciting or impressive that they are learning is. If the finance holds up then within a generation or 2 they could be competitive. They have a real target to shoot at in the existing Nvidia/AMD/Intel GPUs. They aren’t shooting at a nebulous 10, 20, 30%.