As AMD, Intel, Tenstorrent, and other companies develop better hardware, more software developers will be inclined to design for these platforms, and Nvidia's CUDA dominance could ease over time. Furthermore, programs specifically developed and compiled for particular processors will inevitably work better than software run via translation layers, which means better competitive positioning for AMD, Intel, Tenstorrent, and others against Nvidia โ if they can get software developers on board. GPGPU remains an important and highly competitive arena, and we'll be keeping an eye on how the situation progresses in the future.
I hope this plays out like this. Compete on the hardware and provide open source access to acceleration. If you provide the best value for the hardware, people will continue to buy it over your competitiors.