SAN FRANCISCO - Nvidia earned its US$2.2 trillion market cap by producing artificial intelligence chips that have become the lifeblood powering the new era of generative AI developers from start-ups to Microsoft, OpenAI and Google parent Alphabet.
They are part of an expanding group of financiers and companies hacking away at Nvidia’s dominance in AI. The open-source project aims to make computer code run on any machine, regardless of what chip and hardware powers it. Beyond the initial companies involved, UXL will court cloud computing companies such as Amazon.com and Microsoft’s Azure, as well as additional chipmakers.
UXL plans to put its resources towards addressing the most pressing computing problems dominated by a few chipmakers, such as the latest AI apps and high-performance computing applications. Venture financiers and corporate dollars have poured more than US$4 billion into 93 separate efforts, according to custom data compiled by PitchBook at Reuters’ request.
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