🇺🇸NVIDIA (英伟达) is in early acquisition/investment talks with open-weight developer Reflection AI, valued at $25 billion in March.

NVIDIA (英伟达), identified in the reporting as NVDA.O, is in preliminary discussions to acquire Reflection AI or deepen its existing investment. The Telegram reports attribute this information to the Financial Times and unnamed people familiar with the discussions; no definitive transaction is reported.

Several structures are under consideration: hiring Reflection employees and licensing its technology, increasing NVIDIA’s equity investment, or supplying additional chips and compute. NVIDIA is already described as one of Reflection’s largest shareholders, but the sources do not disclose its ownership percentage or proposed investment amount.

The $25 billion valuation belongs to Reflection’s March financing, not an agreed acquisition price. Current transaction terms, ownership changes, financing conditions, and dilution are not disclosed in the supplied reporting.

Reflection released its first open-weight model, Beam, earlier in October. Reflection claimed that Beam’s advanced-reasoning benchmark scores were comparable to those of Z.ai’s (智谱) flagship open model, GLM-5.2; the supplied material does not include independent benchmark results.