According to reports by Notebook check the AMD Radeon VII coming out February 7th was tested to be faster than the Nvidia RTX 2080.

They were tested using:
Extreme: 12,224 with Intel Core i9-9900K and 12,141 with AMD Ryzen 7 2700X
Ultra: 6,688 with Intel Core i9-9900K and 6,707 with AMD Ryzen 7 2700X

In the Performance preset, the Graphics Score achieved by the Radeon VII is 27,587, while custom factory-overclocked GeForce RTX 2080 cards can score 26,800. The NVIDIA card gets a beating when using the Ultra preset as well: 6,782 and 6,871 points (Graphics Score with the aforementioned Intel and AMD processors) for the Radeon VII versus 6,430 for the GeForce RTX 2080.

Should Nvidia worry? I hope so. Competition is good for the consumers

Anything on power consumption

crafteck:
Anything on power consumption

Not yet, but we know AMD are usually lacking at managing anything that has to do with power, compared to Nvidia. We'll see