that's what they do after the fail of Larrabee. but the problem is nvidia exist. intel did not enter GPU market because they saw big money in gaming market for discrete GPU.Haha... When I first read that Raja was going to Intel, my first thought was wow!! Good luck to Intel. They actually hired him after the mess he created at AMD.
Today, we still have yet to see any decent discrete GPU from Intel. We yet to see a single Bitcoin miner. Basically nothing... Only delays after delays.
However, I do not think Intel should axe their graphics division. But they should realign it's focus. CPUs no longer adequate for high end computing and specialized processors like AI and GPUs are needed. So, I would say Intel should just axe the discrete gpu (basically no gaming GPUs) and focus only on the compute units.