Ray tracing and DLSS 2/3 most probably yes. They are behind in ray tracing simply because they use compute shaders for ray tracing. Only they get full blown ray tracing cores I think they will perform similar.

Same with DLSS 2/3. There is a precedent for this. XESS was able to get pretty close to DLSS within an year. All AMD has to do is use machine learning for upscaling.

The biggest issue for AMD is not these features. But the fact that NVIDIA keeps introducing new features. So everytime AMD could catch up with one Nvidia Would have probably introduced 2 more.

So APO is just Intel fixing the E-core issues. Whoa. I thought Intel stumbled onto something special when they mentioned per application optimization.