At this year's Technology Tour event in Arizona, Intel not only launched its Panther Lake CPU architecture but it also announced an update to its AI-powered performance scaling package, and it now brings XeSS on par with Nvidia's DLSS, as Arc GPU users will soon get the benefit of multi-frame generation.
Exactly how soon is yet to be confirmed, and it's not clear whether XeSS 3 will have any other notable additions or improvements. However, XeSS-MFG is definitely coming, and in games that already support XeSS-FG, you'll be able to enable 3x or 4x frame generation. This can be either in the game itself or via Intel's Graphics Software application.
