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I will add to that: a standard in an agreed upon way of doing things. The trouble is, it's hard to do stuff for the first(ish) time and agree with everybody else.There is some level of anti-Intel obsession here. Like Intel owes something to anybody, meanwhile nVidia and AMD proprietary solutions are looked as "meah, nothing to see, look away". Yes CCIX is AMD's baby, and others are "contributors".
CXL, besides Intel, has already gained a lot of support from other big names interested in computing, so put that in perspective:
https://www.computeexpresslink.org/members
ARM, Google, Cisco, Facebook, alibaba, Dell, HP, Huawei, Lenovo, Microsoft, Microchip... they are all into giving Intel free money???
A standard is as strong as the money behind it and the adoption by industry. Better standard (by al measures) will win.
So oftentimes, when companies decide to go at it by themselves, it's not because they're after your cash (well, they are in the end), but because they need a product out there.