Nvidia is in early-stage discussions that could lead to a larger investment in Reflection AI or potentially an acquisition of the artificial-intelligence startup, according to a Financial Times report.
The discussions could take several forms. One possibility is a full acquisition, while another is an acqui-hire structure under which Nvidia would hire Reflection personnel and license its technology rather than purchase the entire company.
An agreement could emerge within weeks, although the discussions remain preliminary and could still collapse. Nvidia is already a major financial and strategic backer of Reflection, having invested approximately $800 million in the startup. Reuters
Reflection was founded in 2024 by former Google DeepMind researchers Misha Laskin and Ioannis Antonoglou and focuses on AI systems capable of automating software development.
The potential transaction comes only days after Reflection unveiled Beam, its first internally trained open-weight model.
Beam contains 501 billion total parameters in a mixture-of-experts architecture while activating approximately 23 billion parameters for individual tasks. Reflection is positioning the system for coding, reasoning and autonomous-agent workloads.
That creates a strategic rationale extending beyond another financial investment.
Nvidia dominates the hardware used to train and operate advanced AI systems. A substantially deeper relationship with an open-model developer would expand its exposure further up the AI stack as U.S. developers compete increasingly with lower-cost Chinese open-weight models.
No transaction has been announced, however, and no final valuation or deal structure has been confirmed.
The next developments to watch are whether negotiations progress beyond preliminary discussions, whether Nvidia pursues a full acquisition or narrower technology-and-talent arrangement, and whether any eventual transaction attracts regulatory scrutiny.
