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I'd say it's more like they're failing upwards. It's certainly good for AMD, but it seems like it happened in spite of their involvement, not because of it:
AMD didn't want this advertised or released, and even canned this project despite it reaching better performance than the OpenCL alternative. I really don't get their thought process. It's surreal. Do they not want to support AI? Do they not like selling GPUs?
Maybe they see it as something that would undermine their effords in increasing ROCm/HIP adoption? (But why fund its development for two years then? I agree with you: It all seems so weird!)