Nvidia Reportedly in Talks to Acquire $25B Open-Weight Startup Reflection AI

Nvidia is reportedly in early-stage talks to acquire Reflection AI, the startup behind the open-weight Beam model, according to the Financial Times. Reflection AI achieved a $25 billion valuation in its most recent funding round, backed by investors including Sequoia Capital and DST Global. The startup is operating with massive overhead, reportedly spending $150 million per month on services from SpaceX to advance its business. To bypass heavy regulatory scrutiny, Nvidia is reportedly considering structuring the deal as an "acqui-hire" and licensing agreement, mirroring its previous strategy with Groq. With over $99.9 billion in cash and short-term investments, Nvidia has the liquidity to fund the buyout, though alternative options include merely increasing its existing equity stake or supplying more compute.