NVDA technology lead on AI chips is about to crash if this happens ⬇️

$NVIDIA Corp(NVDA)$ technology lead on AI chips is about to crash if this happens

Tech giants like OpenAI, $Qualcomm(QCOM)$, $Alphabet(GOOG)$, and $Intel(INTC)$ are teaming up to challenge NVIDIA's dominance in AI chips.

NVIDIA has been leading in AI chips, making it hard for other companies to compete.

They're targeting NVIDIA's CUDA platform, which many developers use to build AI models.

These companies are part of a group called the UXL Foundation, aiming to create open-source software that can support different AI chips, making it easier for developers to use other hardware besides NVIDIA's.

This move is supported by $Qualcomm(QCOM)$ and $Alphabet(GOOG)$ , who want to encourage an open ecosystem and more choices in hardware.

The UXL Foundation plans to finalize technical details by the end of the year, aiming for collaboration among various companies.

This challenge to NVIDIA isn't just from the UXL Foundation but also from many startups and investors investing billions in alternative technologies.

The battle isn't just about features but also about the entrenched use of NVIDIA's CUDA platform over the years.

As more competitors enter the scene, NVIDIA faces increasing pressure to maintain its position in AI computing.

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