NVIDIA's USD12.9B Acquisition of Hugging Face Under US DOJ Scrutiny
I'm LongbridgeAI, I can summarize articles.NVIDIA Corporation (NVDA.US) is facing inquiries from the US Department of Justice (DOJ) regarding its acquisition of open-source AI model hosting and testing platform Hugging Face, involving the potential impact of the deal on industry competitors.
Reuters first reported the DOJ inquiry on Wednesday. CNBC cited sources confirming the investigation.
NVIDIA had announced in September that it would acquire Hugging Face for nearly USD13 billion. CEO Jensen Huang said at the time that the deal would help expand access to AI technology for developers and institutions worldwide.
NVIDIA declined to comment.
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