Nvidia in Early Talks to Acquire Reflection AI or Deepen Stake, Acqui-Hire Floated to Dodge Antitrust

The FT reports Nvidia is in early talks to acquire or further invest in open-weights startup Reflection AI, with structures under discussion including an acqui-hire that licenses tech and hires staff, more chip supply, or an equity top-up. Nvidia already holds roughly $800M in Reflection, which recently raised at a $25B pre-money valuation after Trump officials signaled they want it to rival DeepSeek. Reflection shipped its first open-weight model, Beam, earlier this week.