Isn't OneAPI a good example of the problem, alongside Mojo/ONNX/TensorRT? The industry doesn't need a fifteenth competing standard. They need hardware buy-in.
By holistic, I mean hardware architecture cooperation. Nvidia can hold onto their lead forever if GPU designers fight over what a GPGPU hardware baseline looks like. The current ecosystem fragmentation is not competitive, and future fragmentation probably wouldn't work either. I think the fastest way to kill Nvidia would be a hardware consortium.