PANews|Oct 28, 2026 18:59
[US Justice Department Inquires About Nvidia's $12.93 Billion Acquisition of Hugging Face] According to a Reuters report citing two sources familiar with the matter, the US Department of Justice is inquiring about Nvidia's $12.93 billion acquisition of the AI open-source platform Hugging Face, focusing on the impact of the deal on competition in the AI industry and whether Nvidia will use it to control key AI distribution channels and suppress competitors. The inquiry is part of a years-long investigation by the Justice Department into Nvidia's acquisitions, investments, and sales activities, which also includes Nvidia's acquisitions of SchedMD, Run:ai, and its technology licensing deal with Groq. Nvidia expects the acquisition to close in the first half of 2027. Both Nvidia and the Justice Department declined to comment.
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