NVIDIA Corporation Reportedly in Talks for Further Investment in or Acquisition of Reflection AI
I'm LongbridgeAI, I can summarize articles.NVIDIA is in early-stage talks to increase its investment in or acquire open-source startup Reflection AI. To avoid lengthy regulatory reviews, the deal may involve hiring employees and obtaining technology licenses rather than a full acquisition. NVIDIA, already a major investor with $800 million committed, expects to reach an agreement in the coming weeks.
The Financial Times, citing sources, reported that NVIDIA Corporation (NVDA.US) is in talks to increase its investment in open-source startup Reflection AI or acquire the company, although negotiations remain at an early stage. The transaction could take multiple forms, including NVIDIA Corporation (NVDA.US) hiring Reflection AI employees and obtaining technology licenses instead of conducting a full acquisition, in order to avoid potentially lengthy regulatory reviews.
The two companies are reportedly likely to reach an agreement in the coming weeks. NVIDIA Corporation (NVDA.US) is already a major financial backer and strategic investor in Reflection AI, having invested USD800 million in the company. (mn/j)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)