GOOGL - Nvidia's Leading Position Challenged as Industry Giants Support OpenAI's New Developer Software | Benzinga
Nvidia Corp’s (NASDAQ:NVDA) rivals and significant clients are supporting an initiative led by OpenAI to develop software that facilitates the switch from Nvidia’s chips for artificial intelligence development.
Despite Nvidia’s near monopoly on chips necessary for large AI systems, competitors like Intel Corp (NASDAQ:INTC), Advanced Micro Devices, Inc (NASDAQ:AMD), and Qualcomm Inc (NASDAQ:QCOM) are targeting Nvidia’s software platform, Cuda, to attract its customers, the Financial Times reports.
Industry experts highlight that Nvidia’s real strength lies in its Cuda software platform, which optimizes chips for accelerated AI applications, not just its powerful processors.