Nvidia Reportedly in Early Talks to Acquire or Deepen Stake in Reflection AI
The Financial Times reports the chipmaker is weighing options for the $25 billion open-weight model developer; neither company commented.
Photo: Will Buckner / CC BY 2.0 via Wikimedia Commons
Nvidia is reportedly in early talks to acquire Reflection AI or increase its investment in the U.S. startup, according to a Financial Times report published on Saturday that cited people with knowledge of the matter. TechStartups summarized the report on October 12. Nvidia and Reflection AI declined to comment, and no price has been disclosed.
What is on the table
The talks are described as preliminary, and a deal is not assured. According to the report, the options include:
- A full acquisition of Reflection AI
- A larger investment in the company
- An arrangement giving Nvidia access to Reflection's researchers and technology, such as hiring key staff and licensing its technology
Nvidia has already invested $800 million in Reflection, making it one of the startup's largest backers. Reflection was last valued at $25 billion. The report notes that Nvidia's $20 billion deal with chip startup Groq in December used a comparable structure.
About Reflection AI
Reflection was founded in 2024 by Misha Laskin and Ioannis Antonoglou, both former Google DeepMind researchers. Its first publicly available open-weight model, Beam, targets coding and AI-agent tasks. The company says Beam performs comparably to Z.ai's GLM-5.2, though TechStartups notes those claims have not been independently established across all applications.
Investors include Sequoia Capital, Disruptive and 1789 Capital. Reflection has relationships with the Pentagon and the U.S. Department of Energy and has agreed to build AI models for allies, including South Korea.
Why it matters
Nvidia already develops its own Nemotron open-weight models, so a deal would bring it closer to competing directly with leading AI developers rather than only supplying their chips. The U.S. administration has said it wants stronger domestic alternatives to Chinese open-weight models such as DeepSeek's.
This story rests on a single reported source and has not been confirmed by either company.
