FT: Nvidia in early talks to acquire or further invest in Reflection AI

Nvidia is in early talks to acquire Reflection AI or deepen its investment in the open-weight model startup, the Financial Times reported on October 10, citing people with direct knowledge of the matter.

Several possible structures. According to the FT, options include an acqui-hire, in which Nvidia would hire Reflection's staff and license its technology rather than buy the company outright, an agreement to supply more chips, or a larger equity stake. The FT said a deal could come within weeks but that the talks could still fall apart.

Partial confirmation. Bloomberg, citing a person familiar with the matter, reported that Nvidia is discussing a bigger investment or providing computing power, and that the talks are early with no terms agreed. Reuters said it could not immediately verify the FT report. Reflection declined to comment to Bloomberg, and Nvidia did not respond to requests for comment.

An existing backer. Nvidia has already invested $800 million in Reflection, the FT reported. Reflection has held talks to raise $2.5 billion at a $25 billion valuation, the Wall Street Journal previously reported.

About Reflection. Founded by two former Google DeepMind researchers, Reflection released its first open-weight model, Beam, earlier in October. The company says Beam is aimed at coding and AI agent work for businesses and developers and costs less than many rivals.