8/104 sources · 4 publishersUpdated Oct 28, 20:40 UTC
DOJ probes Nvidia's $12.9B acquisition of Hugging Face
The U.S. Department of Justice has opened an antitrust inquiry into Nvidia's planned $12.93 billion purchase of the open‑source AI platform Hugging Face. Nvidia says the deal should close in the first half of 2027 and that Hugging Face will keep supporting a range of chip and cloud providers. The probe also examines Nvidia's broader sales practices and past acquisitions. Nvidia's shares slipped 1.7% after the news.
Why it matters
The investigation introduces regulatory risk that could delay or alter the transaction, which may keep the stock under pressure, as reflected by the 1.7% share decline.
Key facts
- 1Nvidia is planning to acquire Hugging Face for $12.93 billion. finance.yahoo.com
- 2Nvidia expects the deal to close in the first half of 2027. finance.yahoo.com
- 3The DOJ is probing the acquisition for potential antitrust impacts on AI competition. finance.yahoo.com
- 4Nvidia shares fell 1.7% after the news of the DOJ probe. investing.com
- 5Hugging Face has more than 18 million users. cnbc.com
- 6Hugging Face has more than 200,000 companies using its platform. cnbc.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.