Lates News

The U.S. Department of Justice is making inquiries about Nvidia's (NVDA.O) agreement to acquire artificial intelligence model company Hugging Face for about $13 billion. The move is part of a broader regulatory review of the chip giant. People familiar with the matter said the Justice Department is assessing how the deal could affect competition in the AI market. In addition, the Justice Department's long-running investigation into the chipmaker's business practices is still ongoing. Nvidia announced the Hugging Face acquisition in September, saying the move was intended to protect the open-source software community. Developers rely on the Hugging Face platform to share models and data for anyone to use freely. As part of the deal, Nvidia has committed to keeping the platform open.