Nvidia, the dominant player in artificial intelligence (AI) chips, is facing its first major threat as rivals aim to challenge its software and hardware dominance by 2024. Competitors like AMD, Intel, and startups are developing alternatives to Nvidia’s CUDA software, which is crucial for running AI workloads on its graphics processing units (GPUs). Additionally, rivals are working on new AI chips that could outperform Nvidia’s offerings. While Nvidia has a significant lead, the competition is intensifying, and the company may face challenges in maintaining its dominance. Analysts warn that Nvidia’s market share could erode if rivals succeed in offering viable alternatives. The article highlights the importance of software in the AI chip market and the potential impact of new hardware innovations on Nvidia’s position. It underscores the need for Nvidia to continue innovating and adapting to the evolving competitive landscape.
Source: https://www.businessinsider.com/nvidia-face-first-major-threat-rivals-software-cuda-ai-chips-2024-3