A Nvidia-backed start-up developing “open” AI models is in funding talks that value it at more than $20bn, as Washington looks for alternatives to Chinese rivals such as DeepSeek.
Reflection AI is in discussions with investors about a new deal that would more than double the valuation it secured after raising $2bn in October, according to multiple people with direct knowledge of the talks.
The company is seeking to raise at least another $2bn in a new funding round, though no target has been fixed, they added. Reflection was valued at $8bn in October, up from $545mn in a funding round a year ago.
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