The answer is that the technology is advertised as not dazzling oncoming drivers only.
Further, the little explanation of the technology I could find stated it worked by detecting headlights and taillights of cars.
The remaining area will be lit with modern high-intensity beam.
Thus, I conclude that the pedestrians and cyclists will be blinded.
> matrix headlights, consist of numerous small LED elements and mirrors that can control a light beam in complex ways. This allows the lights to be more precisely aimed, illuminating what the driver needs to see without blinding other motorists, pedestrians, or cyclists.
[0] https://www.motorauthority.com/news/1135084_us-finally-allow...
That matches my lived experience in the UK. Not that every driver will dip for pedestrians, but matrix ones certainly don't