Overview
- Reflection AI, which was reported Thursday to be in talks to raise $2.5 billion, is targeting a $25 billion valuation.
- Nvidia has invested about $800 million and is steering potential customers to the startup, including foreign governments that want to build their own AI systems.
- JPMorgan is considering joining the round through its security-focused unit, and existing backer Disruptive is expected to add more capital.
- The company is pursuing sovereign AI deals, including a pact with South Korea’s Shinsegae to build Korean-language models and a planned data center project that one report estimates at about $6.7 billion.
- Reflection has raised more than $2 billion yet remains early on revenue, underscoring execution risk as investors bet that demand is shifting toward scarce GPU compute and regional control of AI infrastructure.