It's arguably worse, since we have some known ways to reduce the scope of the Intel ME backdoor [3].
But realistically, if you care about security and privacy, both Intel and AMD chips are unusable.
1. https://libreboot.org/faq.html#amd-platform-security-process...
2. https://libreboot.org/faq.html#intelme
3. https://github.com/corna/me_cleaner
https://puri.sm/learn/intel-me/