Nvidia is in talks to invest more in Reflection AI or buy it, FT reports

Nvidia is discussing a larger investment in Reflection AI or a possible acquisition, the Financial Times reported on October 10, citing people with direct knowledge. Bloomberg News relayed the report. The talks could take Nvidia beyond its existing financial backing of the startup, though buying the company is not the only option under discussion.

A deal could target staff and technology

The discussions are at an early stage, according to the FT account carried by Reuters. One possible structure is an acqui-hire: Nvidia would hire Reflection employees and license its technology rather than purchase the company outright. The newspaper described that route as potentially avoiding a lengthy regulatory review.

That makes the reported negotiations broader than a straightforward takeover discussion. A further investment would add to Nvidia’s backing; a full acquisition would involve buying Reflection; the hiring-and-licensing option would focus on its people and technology. All three remain possible structures, not announced transactions.

An existing backer considers a deeper relationship

Nvidia has already invested $800 million in Reflection, the FT reported. Reuters describes the startup as a developer of tools that automate software development. Former DeepMind researchers Misha Laskin and Ioannis Antonoglou founded the company in 2024.

Bloomberg’s summary of the FT report puts Reflection’s last valuation at $25 billion. That figure is valuation context, not an established price for a Nvidia purchase. The terms being discussed could not be established, leaving both the eventual structure and its financial terms unresolved.

The companies have not commented

Reuters said it could not immediately verify the Financial Times report. Its coverage and Bloomberg’s both draw on the same FT reporting. Nvidia and Reflection did not immediately respond to Reuters’ requests for comment outside regular business hours.