DOJ Scrutinizes $12.9 Billion Acquisition of Hugging Face:

DOJ Scrutinizes $12.9 Billion Acquisition of Hugging Face: Is Nvidia (NVDA.US) Trying to Seize the "Distribution Chokepoint" of AI?

$NVIDIA(NVDA)$

Zhitong Finance

11:10

[DOJ Scrutinizes $12.9 Billion Acquisition of Hugging Face: Is Nvidia (NVDA.US) Trying to Seize the "Distribution Chokepoint" of AI?] According to two sources familiar with the matter, the U.S. Department of Justice (DOJ) has begun making inquiries into Nvidia’s (NVDA.US) $12.93 billion acquisition of the open-source platform Hugging Face. The move aims to assess how the deal might impact competition within the artificial intelligence sector. Meanwhile, antitrust regulators are continuing a long-running investigation into the chip designer’s business practices.

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