Intel Arc Pro B50 - xe driver not binding on PVE host

I ran proxmox-boot-tool refresh and update-initramfs -u -k all for good measure. Rebooted and ran dmesg again. Interestingly, there was a new line at the bottom now indicating that no driver was bound to the device.

Code:
root@prox:/sys/devices/pci0000:e0/0000:e0:01.1/0000:e1:00.0/0000:e2:01.0/0000:e3:00.0# dmesg | grep e3:00
[    0.900569] pci 0000:e3:00.0: [8086:e212] type 00 class 0x030000 PCIe Endpoint
[    0.900600] pci 0000:e3:00.0: BAR 0 [mem 0x8de0c000000-0x8de0cffffff 64bit pref]
[    0.900603] pci 0000:e3:00.0: BAR 2 [mem 0x8d400000000-0x8d7ffffffff 64bit pref]
[    0.900607] pci 0000:e3:00.0: ROM [mem 0xf0000000-0xf01fffff pref]
[    0.900711] pci 0000:e3:00.0: PME# supported from D0 D3hot
[    0.900748] pci 0000:e3:00.0: VF BAR 0 [mem 0x8de00000000-0x8de00ffffff 64bit pref]
[    0.900750] pci 0000:e3:00.0: VF BAR 0 [mem 0x8de00000000-0x8de0bffffff 64bit pref]: contains BAR 0 for 12 VFs
[    0.900753] pci 0000:e3:00.0: VF BAR 2 [mem 0x8d800000000-0x8d87fffffff 64bit pref]
[    0.900755] pci 0000:e3:00.0: VF BAR 2 [mem 0x8d800000000-0x8ddffffffff 64bit pref]: contains BAR 2 for 12 VFs
[    1.087724] pci 0000:e3:00.0: vgaarb: setting as boot VGA device
[    1.087726] pci 0000:e3:00.0: vgaarb: bridge control possible
[    1.087728] pci 0000:e3:00.0: vgaarb: VGA device added: decodes=io+mem,owns=none,locks=none
[    1.111356] pci 0000:e3:00.0: Adding to iommu group 13
[   13.157464] xe 0000:e3:00.0: [drm] Running in SR-IOV PF mode
[   13.157913] xe 0000:e3:00.0: [drm] Found battlemage (device ID e212) discrete display version 14.01 stepping B0
[   13.159340] xe 0000:e3:00.0: [drm] VISIBLE VRAM: 0x000008d400000000, 0x0000000400000000
[   13.159368] xe 0000:e3:00.0: [drm] VRAM[0, 0]: Actual physical size 0x0000000400000000, usable size exclude stolen 0x00000003fb000000, CPU accessible size 0x00000003fb000000
[   13.159388] xe 0000:e3:00.0: [drm] VRAM[0, 0]: DPA range: [0x0000000000000000-400000000], io range: [0x000008d400000000-8d7fb000000]
[   13.159401] xe 0000:e3:00.0: [drm] Total VRAM: 0x000008d400000000, 0x0000000400000000
[   13.159411] xe 0000:e3:00.0: [drm] Available VRAM: 0x000008d400000000, 0x00000003fb000000
[   13.217776] xe 0000:e3:00.0: vgaarb: VGA decodes changed: olddecodes=io+mem,decodes=none:owns=none
[   13.240038] xe 0000:e3:00.0: [drm] Finished loading DMC firmware i915/bmg_dmc.bin (v2.6)
[   13.248737] xe 0000:e3:00.0: [drm] GT0: Using GuC firmware from xe/bmg_guc_70.bin version 70.40.2
[   13.248860] xe 0000:e3:00.0: [drm] GuC firmware (70.45.2) is recommended, but only (70.40.2) was found in xe/bmg_guc_70.bin
[   13.248975] xe 0000:e3:00.0: [drm] Consider updating your linux-firmware pkg or downloading from https://git.kernel.org/pub/scm/linux/kernel/git/firmware/linux-firmware.git
[   13.249342] xe 0000:e3:00.0: swiotlb buffer is full (sz: 393216 bytes), total 32768 (slots), used 0 (slots)
[   13.249465] xe 0000:e3:00.0: [drm] GuC firmware xe/bmg_guc_70.bin: failed to create / populate bo
[   13.249578] xe 0000:e3:00.0: [drm] GuC firmware xe/bmg_guc_70.bin: copy failed with error -5
[   13.249694] xe 0000:e3:00.0: [drm] *ERROR* GT0: Failed to initialize uC (-EIO)
[   13.249837] xe 0000:e3:00.0: probe with driver xe failed with error -5
[ 1031.309886] pci 0000:e3:00.0: no driver bound to device; cannot configure SR-IOV