No, it’s encouraging competition and cost-cutting in a part of the market they don’t control. This can be a reason for companies to support open source, for example.

Meanwhile, the companies running data centers will look for ways to support alternatives to Nvidia. That’s how they keep costs down.

It’s a good way to play companies off each other, when it works.

Business has always been a civilized version of war, and one which will always capture us in similar ways, so I guess wartime analogies are appropriate?

Still it feels awful black and white to phrase it that way when this is a clear net good and better alignment of incentives than before.