Intel Arc Graphics Driver Update Failure: Installation Error Code 0x8000847B (-2147449733) in Intel® Driver & Support Assistant

Encountered an installation error Code 0x8000847B (-2147449733) while updating Intel Arc graphics driver to the latest version using Intel® Driver & Support Assistant.

1. Download the latest graphics driver version.
2. Extract the executable file you downloaded (you can use any third-party application for extracting .exe files) and create a new folder.
3. Open Device Manager and right-click on the Intel Arc Graphics model.
4. Select Properties.
5. Choose Driver.
6. Click Update Driver.
7. Select Browse my computer for drivers.
8. Choose Let me pick from a list of available drivers on my computer.
9. Select Have Disk and navigate to the new folder where you extracted the downloaded graphics driver.
10. Select the file name "gscheci.inf."
11. Restart the system and wait for it to boot.
12. Check if the graphics driver version is now updated to the latest one.