Not open source, and actually it's not free, either. People sure think it is, but that's only for students at degree-granting institutions, and people working on open-source code who are not being paid.
Academic researchers can get a free library license, but not a compiler license.
Ditto Digital Mars C++ (nee Symantec C++, nee Zortech C++). But as I recall, like most other "alternative" C++ compilers, it's also stuck in the C++03 land.
DMC++ is still awesome, because it's the only ISO C++ compiler out there that can target any kind of DOS platform and binary format, from 16-bit .COM files (!!!) to 32-bit DOS extender.
It was my understanding that the advantage of Intel's compiler is that it would optimize for the strengths available on newer processors while still allowing it to work on older processors (for example, using AVX instructions if available and a slower branch if not) [aka, the "CPU dispatcher"]. Agner wrote about it "crippling" AMD processors because they didn't say they were "GenuineIntel" back in 2009.[0]