A coalition of tech giants including Google ($GOOG), Intel ($INTC), and Qualcomm ($QCOM) is reportedly planning to challenge Nvidia's ($NVDA) dominance in the artificial intelligence (AI) chip market. This effort is highlighted by a move to develop an alternative to Nvidia's CUDA software, with Intel's OneAPI software playing a crucial role in this initiative. The collaboration aims to break Nvidia's grip on AI software by the end of the year. Nvidia, known for its AI chips that power generative AI technologies, has achieved a market cap of $2.2 trillion due to its significant contributions to the industry. However, its shares turned negative in premarket trading, dropping by 0.9%, following reports of the planned challenge by its competitors.
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Google, Intel and Qualcomm are part of a coalition of tech companies trying to loosen Nvidia’s chokehold on AI chips by preparing an alternative to its CUDA software by year-end, Reuters reports, adding Intel’s OneAPI software is key to the effort by the open-source UXL…
"NVIDIA’s chipmaking rivals want a piece of these riches. Established ones, such as AMD and Intel, are launching rival products. So are startups like Groq, which makes superfast AI chips" https://t.co/MXu9xulROe
"Nivdia’s chipmaking rivals want a piece of these riches. Established ones, such as AMD and Intel, are launching rival products. So are startups like Groq, which makes superfast AI chips" https://t.co/ohqn2WvXvA
Financial Times @ft: Nvidia's AI chip dominance is being targeted by Google, Intel, and Arm - The Verge. #industry40 #GenAI #aiforgood https://t.co/VKRU9lOVnc
➡️ Strategic disruption! Plot emerges to challenge Nvidia's AI dominance by targeting software. Uncover the details behind this development. https://t.co/tCnlaJliHa
UXL Foundation, backed by Google, Intel, and others, plans to build tools to power multiple types of AI accelerator chips and break Nvidia's CUDA dominance (@chernandburn / Reuters) https://t.co/yOHIODk0AF 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/p6TOlPAXs6
Times of India @timesofindia: Behind the plot to break Nvidia's grip on AI by targeting software - The Economic Times. #ArtificialIntelligence #AI #aistrategy https://t.co/63LTKPn6pH
Qualcomm $QCOM, Google $GOOGL, and Intel $INTC plan to work together to try to go after Nvidia's $NVDA chokehold on AI software - Reuters
$NVDA down as Intel $INTC, Alphabet $GOOG, and Qualcomm $QCOM say they want to challenge its AI dominance... Unclear how...ha
You mean competitors of the world's AI leader plan to... gasp... compete? NVIDIA SHARES TURN NEGATIVE PREMARKET AFTER REPORT GOOGLE, INTEL, QUALCOMM EXECUTIVES SAY THEY PLAN TO BATTLE NVIDIA AI DOMINANCE; LAST DOWN 0.9%
$NVDA NVIDIA SHARES TURN NEGATIVE PREMARKET AFTER REPORT GOOGLE, INTEL, QUALCOMM EXECUTIVES SAY THEY PLAN TO BATTLE NVIDIA AI DOMINANCE; LAST DOWN 0.9%
$NVDA (-0.6% pre) Exclusive: Behind the plot to break Nvidia’s grip on AI by targeting software - Reuters https://t.co/jC2B5bixqL
NVIDIA SHARES TURN NEGATIVE PREMARKET AFTER REPORT GOOGLE, INTEL, QUALCOMM EXECUTIVES SAY THEY PLAN TO BATTLE NVIDIA AI DOMINANCE; LAST DOWN 0.9%
⚠️ EXCLUSIVE-BEHIND THE PLOT TO BREAK NVIDIA’S GRIP ON AI BY TARGETING SOFTWARE Full Story → https://t.co/Sp9T8Q9Cwe 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… https://t.co/F5JLUoiQze
Financial Times @ft: Beware AI euphoria - Financial Times. #GenAI #MachineLearning #industry40 https://t.co/4EHbdYvOvk