Updated: Intel's Senior Vice President of Graphics Products Division Raja Koduri posted a photo his Twitter account working at the Intels labs in Folsom, California. In it, you can see that they are testing a GPU in 3DMark benchmarking software, and it is most likely the upcoming Intel Xe-HPG (DG2).

If you zoom in a little you can see that it is clearly an engineering sample far from production stabes. It shows a large heatsink and fan similar to that used in CPUs. This is because early-stage chips are assembled this way for quick evaluation. According to rumors, the flagship model will feature 4,096 cores (512 EU), and will be offered in 8GB / 16GB configurations of GDDR6 VRAM memory, alongside a 256-bit memory interface. You can see the detail of the rest of the Intel Xe-HPG family below:

Update: Moore's Law is Dead has obtained pictures of any early engineering sample of Intel's upcoming DG2 GPU. 512 Execution Units. Intel is still deciding between cooler designs and also would be working on a NVIDIA DLSS/AMD FidelityFX Super Resolution competitor codenamed XeSS. The GPU would be able to reach a clock speed of 2.2 GHz while gaming, the memory configuration consists of 16 GB gddr6 with a 256-bit memory bus. Offering slightly better than the RTX 3070; the power consumption is estimated at 275 watts, the engineering sample shown is equipped with an 8-pin power plug and another 6-pin connector.

Who knows, a release in q4?

Update May 6th:

Intel is starting to tease Xe GD2 now. On Twitter they posted '"Come work with us at Intel! DG2 is right around the corner, it's about to get exciting.'