Nvidia is in early-stage discussions to acquire Reflection AI, a developer of open-weight AI models currently valued at $25 billion following its latest funding round. The chipmaker is already an existing investor in the company as negotiations continue regarding a potential deal structure. The transaction format remains undetermined and could range from a full acquisition or acqui-hire with technology licensing to increasing Nvidia's equity stake or providing additional chips and computing resources. Sources indicate that talks are preliminary and no final agreement has been reached.