Samsung backs French AI firm; NVIDIA eyes Hugging Face deal
Samsung led a $3.5 billion funding round for a French AI startup, with Orrick, Morgan Lewis, and Latham among the legal advisors. Separately, NVIDIA is in talks to acquire New York-based Hugging Face, the open-source AI platform founded in France, with multiple U.S. and French law firms involved in the proposed $13 billion transaction.
Sources: law.com
“The dual moves underscore how legacy tech giants and AI accelerators are jockeying to shape open-source AI infrastructure before regulatory scrutiny intensifies.”
What it means
NVIDIA’s potential acquisition of Hugging Face would mark one of the largest open-source AI deals to date, signaling a shift toward vertical integration in AI tooling. Meanwhile, Samsung’s funding round highlights how non-traditional players are competing with U.S. firms in AI investment. The involvement of top-tier law firms suggests both deals are navigating complex cross-border and antitrust considerations, which could set precedents for future transactions in the sector.
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