09:23 AM EDT, 03/26/2024 (MT Newswires) -- Qualcomm ( QCOM ) , Alphabet's (GOOG) Google ( GOOG ), and Intel ( INTC ) have formed a coalition aimed at loosening Nvidia's ( NVDA ) domination of AI chip technology by coming up with software less dependent on its platform, Reuters reported Tuesday, citing executives from the companies.

The aim is to replace or reduce the power of an essential piece of Nvidia ( NVDA ) software called Cuda that connects all sorts of programming to its chips.

The companies, in a consortium called the UXL Foundation, are using technology developed by Intel ( INTC ) to build open-source version of that connection software that will be able to utilize any AI-capable chip, Reuters reported.

Neither Qualcomm ( QCOM ), Google ( GOOG ), Intel ( INTC ), nor Nvidia ( NVDA ) immediately replied to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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