The U.S. Department of Justice is investigating the competitive impact of Nvidia's plan to acquire Hugging Face for approximately $12.9 billion, according to people familiar with the matter.
The U.S. Department of Justice is investigating the impact on competition in the artificial intelligence sector of Nvidia's plan to acquire Hugging Face. The investigation is intended to examine how the acquisition would affect competitive conditions in the market.
The acquisition price is reported to be $12.93 billion, and Hugging Face is the target of the acquisition.