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U.S. DOJ Questions Nvidia 12930000000 USD acquisition Hugging Face transaction

PANews October 29 reported that, according to Reuters citing two people familiar with the matter, the U.S. Department of Justice is questioning Nvidia’s (Nvidia)12930000000 USD acquisition AI an open-source platform Hugging Face and is focusing on the transaction’s impact on AI industry competition, as well as whether Nvidia might use it to control key AI distribution channels and suppress competitors. The questioning is part of the DOJ’s years-long behavioral investigation into Nvidia’s acquisitions, investments, and sales practices, which also covers Nvidia’s acquisition of SchedMD and Run:ai, as well as its technology licensing transaction with Groq. Nvidia expects the acquisition to be completed in the first half of the 2027 year. Nvidia and the DOJ both declined to comment.

Source: https://www.panewslab.com/zh/articles/01a183e1-1d2a-7407-b920-6af3c3236078