If you look at graphics performance, AMD already is pretty much on par with Nvidia. All of the math with graphics and ML is largely the same.
The thing that is missing is AMD focusing their software engineers that develop the drivers, and making them put work into RoCM to make it usable across all cards, all driver versions, like with NVIDIA.
The thing that is missing is AMD focusing their software engineers that develop the drivers, and making them put work into RoCM to make it usable across all cards, all driver versions, like with NVIDIA.