Nvidia in talks to acquire or invest further in Reflection AI Quartz · Ying Tang/NurPhoto via Getty Images Cris Tolomia Mon, October 12, 2026 at 7:19 AM EDT 2 min read NVDA -0.52% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Nvidia is in talks to acquire or further invest in Reflection AI, a startup focused on open-weight AI models, the Financial Times reported, according to Bloomberg. No terms have been reached, and the discussions remain at an early stage, Bloomberg said, citing a person familiar with the matter who asked not to be identified.
Among the structures being considered, according to Reuters, are an acqui-hire — under which Nvidia would hire Reflection's staff and license its technology — as well as an agreement to supply the startup with additional chips, or an increase in Nvidia's existing equity stake. A deal could come together within weeks, though the discussions could also fall apart, Reuters said.
Nvidia already holds a significant position in Reflection, having invested $800 million in the startup, according to Reuters. Reflection was founded in 2024 by Misha Laskin and Ioannis Antonoglou, both former researchers at Google DeepMind. The company develops tools to automate software development.
Reflection launched its first open-weight model, Beam, earlier this month, positioning it to compete in coding and agentic tasks against lower-cost Chinese models, according to Bloomberg. Open-weight software works by making a model's underlying parameters publicly available, giving outside developers the freedom to build on or adapt it as they see fit. According to Reflection, Beam's performance on advanced reasoning benchmarks is on par with GLM-5.2, a flagship open model from China's Z.AI.
Reflection's chief executive officer, Laskin, said in April that Reflection was seeking to bring in new investment that would value the company at $25 billion before any additional money came in, according to Reuters. The startup has also secured computing power through billion-dollar agreements with Elon Musk's SpaceX and cloud provider Nebius Group, according to Bloomberg.
A deal for Reflection would extend a run of large transactions for Nvidia. The chipmaker has been active in deploying capital across the AI and data center sectors. Among those recent moves, Bloomberg reported, were a $13 billion deal to purchase AI model company Hugging Face in September and a licensing arrangement with chip startup Groq valued at roughly $20 billion.
Nvidia CEO Jensen Huang has been vocal in support of open-weight AI models, arguing that U.S. development of the technology could reduce reliance on cheaper Chinese alternatives, according to Bloomberg. President Donald Trump's July 2025 AI action plan called for ensuring the U.S. maintains leading open models, Bloomberg noted.
