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DOJ Opens Antitrust Probe Into Nvidia’s Hugging Face Deal

By Drooid · Oct 29, 2026 · How we work

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Summary

The U.S. Department of Justice opened an antitrust probe into Nvidia’s $12.93 billion acquisition of Hugging Face.
Nvidia announced it will pay about $11.9 billion to investors and up to $1 billion in equity to employees.
The deal is expected to close in the first half of 2027.
Nvidia shares slipped 1% after reports of the DOJ inquiry.
CEO Jensen Huang said Hugging Face will stay open and will not require Nvidia chips.

Summary

Broadcom and Alphabet’s Google are jointly developing AI processors to challenge Nvidia’s chip dominance.
AMD asserts its hardware can surpass Nvidia’s and has landed billion-dollar deals with AI labs and cloud operators.
President Donald Trump presented Nvidia CEO Jensen Huang with the National Medal of Science for AI hardware.
Nvidia’s AI-chip market share remains the largest powering services like ChatGPT and Anthropic’s Claude.

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DOJ probes Nvidia

The U.S. Department of Justice opened an antitrust probe into Nvidia’s $12.93 billion acquisition of Hugging Face.
Nvidia announced it will pay about $11.9 billion to investors and up to $1 billion in equity to employees.
The deal is expected to close in the first half of 2027.
Nvidia shares slipped 1% after reports of the DOJ inquiry.
CEO Jensen Huang said Hugging Face will stay open and will not require Nvidia chips.

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