Obviously, NVIDIA is trying to own the AI development chain.
Owning HF -- the discovery and distribution channel -- is one thing, but I think the biggest threat vector is the privileged access to HF platform data, that includes HW survey info and model download pattern. This can be a borderline anti-trust case.
If the acquisitions of late tell us anything at all, it's that Nvidia wants to be a vertical AI company, not a hardware or gaming company.
Also they bought the company which develops the open source slurm scheduler which is the primary and defacto standard HPC scheduler on the market. Bit of a concern to say the least