They said the cause was a bug in the microcode making the CPU request unsafe voltages:
Our analysis of returned processors confirms that the elevated operating voltage is stemming from a microcode algorithm resulting in incorrect voltage requests to the processor.
If the buggy behaviour of the voltage contributed to higher boosts, then the fix will cost some performance. But if the clocks were steered separately from the voltage, and the boost clock is still achieved without the overly high voltage, then it might be performance neutral.
I think we will know for sure soon, multiple reviewers announced they were planning to test the impact.
I have a i7-13700k that's been sitting in the box since I got a deal on it last month. I was pondering returning it and spending the extra couple hundred to get an AMD setup.
I've been following all this then checked on the Asus site for my board and saw the BIOS updates...
Updated with microcode 0x125 to ensure eTVB operates within Intel specificatIons...
Actually the 0x129 microcode was released yesterday, now it depends on which motherboard you have and how quickly they release a bios that packages it. According to Anandtech Asus and MSI did already release before Intel made the announcement. I see some for Gigabyte and Asrock too.