AMD has been tackling exactly the wrong problems. They poured their money into a porting solution for developers to take CUDA code and run it on their GPUs. I guess they didn't find it worth it to really compete. I doubt it's about being able to tackle this problem with $5m, but rather convincing the company they can win.
I still don't understand what problem they're trying to solve in EPYC in the hypervisor space with encryption.
They should've been adding tensor cores and neural acceleration to their CPUs. The need for headed graphics cards is moot and wasteful. NVIDIA solved this with the A100.
NVIDIA may spin into a mainstream enterprise CPU and systems vendor as a sales channel for converged CPU-GPU solutions beyond what they're already doing.
If you talking of AMD SEV it's actually a useful technology. Confidential virtual machines not only protects you from possible spying on AWS or Azure, but also make it possible to have some decentralized / P2P compute more feasible.
Of course nothing is perfect and you can never have 100% trust to someone else hardware, but it's defenetely step in right direction.
