NVDA ▼ -0.5% - NVIDIA Corporation $NVDA is in early talks to acquire Reflection AI or increase its investment in the U.S. artificial intelligence startup, the Financial Times reported Saturday. * Valuation: Reflection was valued at $25 billion in March. Nvidia has already invested $800 million and is among its largest backers. * Deal structure: Options reportedly include a full acquisition or an arrangement to acquire talent and technology that could avoid some regulatory scrutiny. Financial terms remain unknown. * AI technology: Reflection recently unveiled Beam, an open-weight AI model designed to compete with Chinese alternatives such as DeepSeek while running on Nvidia chips. * Strategic importance: Founded by two former Google DeepMind researchers, Reflection develops customizable AI models and works with U.S. government agencies and allied countries. * Deal status: Discussions remain preliminary and could collapse. Neither Nvidia nor Reflection commented. 10-OCT-2026 02:57 PM ET