Press doubt. Single GPU? Maybe. MultiGPU behemoths like NVL144 and NVL576? I don't think so.
NVLink is at gen9. they had a lot of teething problems and can codesign the hardware and software.
in the name of openness (AMD's only """weapon"""), the UALink spec is a hodgepodge of corporate opinions with very different implementations (looking at you, Broadcom). at spec version 1 (in hardware).
I wish them good luck as I really like AMD, but they compete no more on this than Lambo vs Bugatti.