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Nvidia's Hugging Face Deal Faces EU Review Uncertainty
Nvidia's $12.9 billion bid for Hugging Face is in limbo as it remains unclear whether the deal requires merger-control review in Europe.
The uncertainty stems from recent changes to EU regulations, which have left governments across the continent scrambling to determine how to classify deals like Nvidia's acquisition of the open-source AI platform.
Nvidia has yet to confirm whether it will seek a review by the European Commission, but given the complexity of the situation, this move seems likely.