US DOJ INQUIRING ABOUT NVIDIA $NVDA'S $12.9B HUGGING FACE DEAL, SOURCES SAYJustice Department officials have asked how t | Hanami
US DOJ INQUIRING ABOUT NVIDIA $NVDA'S $12.9B HUGGING FACE DEAL, SOURCES SAY
Justice Department officials have asked how the deal would affect AI competition and whether it would let Nvidia capture a fundamental distribution point for AI, per two people familiar with the matter.
• The questions come alongside a broader DOJ probe of Nvidia's acquisitions, investments, sales practices and whether it has pressured customers • The probe began under Biden and continues under Trump • Nvidia has said the acquisition is expected to close in H1 2027 • The DOJ and Nvidia declined to comment, and Hugging Face did not respond
Reuters notes government investigations are not evidence of wrongdoing and do not necessarily result in lawsuits. Per Reuters.