Could be an option but not probable.
Xanadu is cloud computing. Suresh mentioned the main application will be in edge computing, so these will be AI chips in devices in the hand of the end-user.
The big guy in AI is - at the moment NVIDIA - using tensor flow structures they developed for graphic applications.
Others like TESLA recently developed custom AI chips, an order of magnitude faster with low energy consumption, at the moment on 7nm tech of TSCM and Broadcom... Watch this space!!!