Comment by NortySpock

Risk management.

Nvidia has a market cap of $5T USD today, and a decent chunk of that is due to LLM speculation.

Does Nvidia want their stock price to be at risk of being tanked by a download service being in the news? No, they want to make sure the party keeps going and is under their direct supervision, and part of that is making sure Hugging Face isn't bought by a competitor or runs out of money.