Yeah, the chip they used isn't ideal though because it converts DP1.4 (32Gbit) to HDMI 2.1 (48Gbit), so the bandwidth is bottlenecked on the input side. Ideally you'd want a chip which takes DP2.1, which I'm not sure exists yet, and the upcoming Steam Machine only supports DP1.4 so it wouldn't have helped in that case anyway.
https://community.intel.com/t5/Graphics/HDMI-2-1-UHD-144Hz-A...