Nvidia in talks to invest further in Reflection AI or buy it, FT reports

Oct 10 (Reuters) – Nvidia is in talks to deepen its investment in open-source startup Reflection AI or acquire it, the Financial Times reported on Saturday, citing people with direct knowledge of the matter.

• Talks are at an early stage and a deal could take several forms, including a so-called acqui-hire arrangement where Nvidia would hire staff and license technology rather than pursue a full acquisition, potentially avoiding a lengthy regulatory review, the newspaper said.

• An agreement could be reached in the coming weeks, according to the report, which cited multiple people familiar with the matter, while adding that the discussions could still fall apart.

• Reuters could not immediately verify the report. Nvidia and Reflection did not immediately respond to requests for comment outside of regular business hours.

• Nvidia is already a major financial backer and strategic investor in Reflection AI, having invested $800 million in the startup, the FT reported.

• Founded in 2024 by former DeepMind researchers Misha Laskin and Ioannis Antonoglou, Reflection develops tools that automate software development, a fast-growing use case for AI.

• Reflection’s chief executive, Laskin, told CNBC in April that the Nvidia-backed startup was raising fresh capital at a pre-money valuation of $25 billion.

• The company on Monday launched its first open-weight model, Beam, as it seeks to compete in coding and agentic tasks with lower-cost Chinese models such as DeepSeek and Kimi.

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Matthew Lewis)

Brought to you by www.srnnews.com

Click here to read the full article