The US Department of Justice initiates an inquiry into NVIDIA's acquisition of Hugging Face
2026-10-29 07:23:45
According to CoinMeta, and as reported by Reuters, the U.S. Department of Justice ( DOJ ) has initiated inquiries regarding NVIDIA's acquisition of the open-source platform Hugging Face for $12.93 billion, focusing on the impact of this transaction on competition in the field of artificial intelligence. Sources familiar with the matter stated that the DOJ's inquiries cover NVIDIA's mergers and acquisitions, foreign investments, and sales models, with a particular focus on whether this acquisition will enable NVIDIA to gain control of the core distribution hubs in the AI sector. NVIDIA expects to complete this acquisition in the first half of 2027 and emphasizes that Hugging Face will continue to remain open, compatible with various chips and cloud services. Any action taken by the DOJ could affect the entire chip industry and pose challenges to NVIDIA's investment and acquisition strategies in the field of artificial intelligence.
Source:Internet
This content is for market information only and does not constitute investment advice.
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