The article doesn't state that the footage is raytraced. It only states that the video was shown during a presentation of Intels "Visual Computing" strategy.
In fact, the article expresses confusion about why Intel showed a Far Cry 2 video during the presentation.
So Blue, I guess the footage is not raytraced and Intel just showed it to make some general point on graphics.
I'd also be a little surprised if it was otherwise. I guess the Far Cry 2 team has better things to do than to implement an academic non-realtime raytracing renderer.
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