Nvidia in Talks to Deepen Investment in Reflection AI or Acquire It

What happened

Nvidia is in talks to deepen its investment in Reflection AI or acquire the open-weight AI startup, the Financial Times reported on Oct. 10, Reuters said. Citing multiple people familiar with the matter, the report said the talks are at an early stage and a deal could be reached in the coming weeks, while adding that the discussions could still fall apart.

Key facts

1. Deal structure undecided.Talks are at an early stage, and the outcome could be a further investment or a full acquisition; several forms remain possible.
2. An acqui-hire is one option.The Financial Times said one possible form is Nvidia hiring Reflection's staff and licensing its technology rather than buying the company outright, which could avoid a lengthy regulatory review.
3. $800 million already in.Nvidia is already a major financial backer and strategic investor in Reflection AI, having invested $800 million, the newspaper reported.
4. A $25 billion valuation.CEO Misha Laskin told CNBC in April that the startup was raising fresh capital at a pre-money valuation of $25 billion.
5. Company background.Founded in 2024 by former DeepMind researchers Misha Laskin and Ioannis Antonoglou, Reflection builds tools that automate software development; on Oct. 5 it released its first open-weight model, Beam, aimed at coding and agentic tasks.
6. No confirmation.Reflection declined to comment on the report; Nvidia did not immediately respond to Reuters' request for comment.