By María Paula Mijares Torres | Updated on Oct 10, 2026 at 07:52 PM
Nvidia Corp. is in early-stage negotiations to acquire or further invest in startup Reflection AI, an American developer of open-weight models, the Financial Times reported.
There are many avenues for investment still being considered, the FT reported, citing people with direct knowledge of the matter. Possible deal structures include an “acqui-hire,” in which Nvidia would hire staff and license technology; an agreement to provide the startup with more chips; or an increase in Nvidia’s equity investment.
A deal could be reached in the coming weeks, the British paper reported, citing multiple people while cautioning that discussions could also still fall apart.
Nvidia didn’t immediately respond to a request for comment, while Reflection declined a comment request from the FT.
Read More: Nvidia-Backed Reflection Unveils Open AI Model, Taking on China
The startup released its first open-weight model, Beam, earlier this month.
The model is designed to perform well for business customers and developers on coding and AI agent tasks while costing less than many competitors, the company said Monday. It said Beam scores comparably on advanced reasoning benchmarks to GLM-5.2, a flagship open model from China’s Z.AI.
The startup, which was founded by two former Google DeepMind researchers, has held talks to raise $2.5 billion at a valuation of $25 billion, the Wall Street Journal previously reported.
Reflection has also struck billion-dollar deals with Elon Musk’s SpaceX and cloud provider Nebius Group NV to secure computing power to develop its models.