Nvidia is in early talks to buy or invest more in Reflection AI, the Financial Times reports

What is reported

The Financial Times reported on 10 October 2026 that Nvidia is in early talks to acquire Reflection AI or to invest more in the US start-up, according to people familiar with the matter.¹ An agreement could come within weeks, but the talks could still collapse, the FT said.¹

This is a single report. Neither Nvidia nor Reflection has commented publicly.¹

The options described

According to the FT, as summarised by SiliconANGLE:¹

• Nvidia buys Reflection outright, or increases its stake, possibly with more chips and computing power.
• An acqui-hire, in which Nvidia hires Reflection’s staff and licenses its technology without taking control. The FT said this would likely avoid a long regulatory review.

Nvidia and Reflection so far

Nvidia led Reflection’s $2 billion funding round in October 2025, and the FT says it has invested $800 million in total.¹² Reflection’s chief executive Misha Laskin told CNBC in April that its latest round valued the company at $25 billion before the new money, SiliconANGLE reports.¹ Reflection was founded in 2024 by Laskin and Ioannis Antonoglou, both formerly at Google DeepMind.¹

Reflection’s new model

Days before the report, Reflection released Beam, an open-weight mixture-of-experts model with 501 billion parameters aimed at coding, reasoning and agent tasks.¹² AI Business reports that Reflection says Beam was trained on 23.8 trillion tokens.² Neither source gave a licence or benchmark scores.²

What to watch

Whether a deal is announced, which form it takes, and whether competition regulators review it.