You know what happens to companies that panic and throw all their resources into knee-jerk software projects? I don't, but I'd predict it is ugly. Adding more people to a bad project generally makes it worse.
The issue that AMD has is they had a long period where they clearly had no idea what they were doing. You could tell just from looking at websites, CUDA pretty much immediately gets to "here is a library for FFT", "here is a library for sparse matricies". AMD would explain that ROCM is an abbreviation of the ROCm Software platform or something unspeakably stupid. And that your graphics card wasn't supported.
That changed a few months ago; so it looks like they have put some competent PMs in the chair now or something. But it'll take months for the flow on effects to reach the market. They have to figure out what the problems are which takes months to do properly; then fix the software (1-3 months more minimum); then get it into the open and the foundational libraries like PyTorch pick it up (might take another year). You can speed that up, but more cooks in the kitchen is not the way. Bandwidth use needs to be optimised.
It isn't like ROCm seems lacks key features; it can technically do inference and training. My card crashes regularly though (might be a VRAM issue) so it is useless in practice. AMD can check boxes but the software doesn't really work and grappling with that organisationally is hard. Unless you have the right people in the right places, which AMD didn't have up to at least mid 2023.