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Nvidia Stock Drops Over 3% As Rivals Target Its Special Sauce

Nvidia earned its $2.2 trillion market cap by producing artificial-intelligence chips that have become the lifeblood powering the new era of generative AI developers from startups to Microsoft, OpenAI

Nvidia Stock Drops Over 3% As Rivals Target Its Special Sauce

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More than 4 million global developers rely on Nvidia&#39;s CUDA software platform to build AI and other apps.</p><p>Now a coalition of tech companies that includes Qualcomm, Google and Intel plans to loosen Nvidia’s chokehold by going after the chip giant’s secret weapon: the software that keeps developers tied to Nvidia chips. They are part of an expanding group of financiers and companies hacking away at Nvidia&#39;s dominance in AI.</p><p>Nvidia shares dropped 3.1% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fab4be7d96b2111c3ffe00fa2c12814b\" tg-width=\"844\" tg-height=\"624\"/></p><p>&#34;We&#39;re actually showing developers how you migrate out from an Nvidia platform,&#34; Vinesh Sukumar, Qualcomm&#39;s head of AI and machine learning, said in an interview with Reuters.</p><p>Starting with a piece of technology developed by Intel called OneAPI, the UXL Foundation, a consortium of tech companies, plans to build a suite of software and tools that will be able to power multiple types of AI accelerator chips, executives involved with the group told Reuters. 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More than 4 million global developers rely on Nvidia&#39;s CUDA software platform to build AI and other apps.</p><p>Now a coalition of tech companies that includes Qualcomm, Google and Intel plans to loosen Nvidia’s chokehold by going after the chip giant’s secret weapon: the software that keeps developers tied to Nvidia chips. They are part of an expanding group of financiers and companies hacking away at Nvidia&#39;s dominance in AI.</p><p>Nvidia shares dropped 3.1% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fab4be7d96b2111c3ffe00fa2c12814b\" tg-width=\"844\" tg-height=\"624\"/></p><p>&#34;We&#39;re actually showing developers how you migrate out from an Nvidia platform,&#34; Vinesh Sukumar, Qualcomm&#39;s head of AI and machine learning, said in an interview with Reuters.</p><p>Starting with a piece of technology developed by Intel called OneAPI, the UXL Foundation, a consortium of tech companies, plans to build a suite of software and tools that will be able to power multiple types of AI accelerator chips, executives involved with the group told Reuters. 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More than 4 million global developers rely on Nvidia's CUDA software platform to build AI and other apps.Now a coalition of tech companies that includes Qualcomm, Google and Intel plans to loosen Nvidia’s chokehold by going after the chip giant’s secret weapon: the software that keeps developers tied to Nvidia chips. They are part of an expanding group of financiers and companies hacking away at Nvidia's dominance in AI.Nvidia shares dropped 3.1% in morning trading.\"We're actually showing developers how you migrate out from an Nvidia platform,\" Vinesh Sukumar, Qualcomm's head of AI and machine learning, said in an interview with Reuters.Starting with a piece of technology developed by Intel called OneAPI, the UXL Foundation, a consortium of tech companies, plans to build a suite of software and tools that will be able to power multiple types of AI accelerator chips, executives involved with the group told Reuters. 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