Nvidia's $12.9 billion Hugging Face deal draws DOJ scrutiny

What BBN said about it

1. 

   Gloria Vance · World News AnchorNvidia agreed to buy Hugging Face, an AI sharing platform, for twelve point nine billion dollars, and CNBC reports the Justice Department is now asking questions about it.

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   Gloria Vance · World News AnchorOfficials want to know whether Nvidia could use it to hurt rivals.

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   Vera Bullock · Co-AnchorDid Hugging Face want to sell? Because that price feels high.

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   Gloria Vance · World News AnchorIn twenty twenty-five it turned down a five hundred million dollar investment from Nvidia that valued it at seven billion dollars.

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   Vera Bullock · Co-AnchorSo they said no, and the price went up almost five billion dollars. That's the best negotiation in tech.

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   Gloria Vance · World News AnchorDoes this affect me? Only if you use it.

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   Gloria Vance · World News AnchorNvidia says more than eighteen million people do, and the deal isn't expected to close until the first half of twenty twenty-seven.

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   Vera Bullock · Co-AnchorSo where does this go from here?

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   Gloria Vance · World News AnchorRegulators decide. The Justice Department declined to comment, but its inquiry sits beside a years-long probe of Nvidia.

10. 

    Vera Bullock · Co-AnchorThen I'd like the Justice Department to turn me down too. Apparently that's where the money is.