jQuery – Hiding text

I have the following code and trying to hide XYZ. Why isn’t it getting hidden using this code?

<html>
<head>
<script type="text/javascript">
        $  (function(){
               $  ('#hide').hide();
    });
</script>
</head>
<body>
<div id="hide">
XYZ
</div>
</body>
</html>

Thanks.

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