Nvidia Is in Early Talks to Deepen Ties With Open-Weight Lab Reflection AI, With an Acquisition Offer Possible, Bloomberg and the FT Report

Nvidia, already an investor in Reflection AI, is reportedly weighing how much closer to get. Bloomberg reported on Sunday, October 11 that Nvidia is in talks to boost its investment in Reflection AI or offer the U.S. startup computing power, according to one person familiar with the matter. The discussions are at an early stage and no terms have been reached, the person said.

The bigger possibility comes from the Financial Times, which reported the talks first. According to Bloomberg's account of the FT story, the talks could potentially lead to an acquisition offer, and possible structures include an "acqui-hire," in which Nvidia would hire staff and license technology; an agreement to provide Reflection with more chips; or an increase in Nvidia's equity stake. We did not read the FT article.

Reflection declined to comment, and Nvidia did not immediately respond to a request for comment, Bloomberg reported.

Where Reflection stands

Reflection debuted its first open-weight model, Beam, earlier this month. Our coverage of Beam notes that its benchmarks are Reflection's own, that its weights were promised for later in October, and that GLM-5.3 and Kimi K3 still lead on most tasks the company compared. Bloomberg reports that Reflection, founded by two former Google DeepMind researchers, has held talks to raise $2.5 billion at a $25 billion valuation, as the Wall Street Journal previously reported, and has struck billion-dollar computing deals with SpaceX and Nebius Group.

Nvidia's recent deals

Bloomberg places the talks among a run of Nvidia transactions, including its September agreement to buy Hugging Face and a roughly $20 billion licensing pact with chip startup Groq. Bloomberg puts the Hugging Face deal at $13 billion; our report on the signed agreement gives $11.9 billion to shareholders plus up to $1 billion in retention equity. Bloomberg also notes that Nvidia chief executive Jensen Huang is a major proponent of open-weight models and that the U.S. government is encouraging their development.

Limits

• Bloomberg's account rests on one unnamed person and describes early talks with no terms. The acquisition possibility and deal structures are the FT's reporting, which we read only as Bloomberg relays it.
• Bloomberg was read via The Business Times' syndicated copy.
• Reflection's fundraising talks are the Wall Street Journal's reporting as cited by Bloomberg.

Sources

• The Business Times (Bloomberg): Nvidia weighs deeper ties with open-model developer Reflection AI through investment or computing deal (October 11, 2026)
• Times of AI: Update: Reflection Shows Beam — 501B / 23B Active, Apache 2.0 Weights Later This Month
• Times of AI: Nvidia Buys the Model Supermarket — Hugging Face for $12.93B