Nvidia is negotiating options to make an additional investment in open-source AI startup ReflectionAI or to acquire the company, Reuters reported, citing the Financial Times. The talks are at an early stage and could take several forms, including an acquihire in which Nvidia hires staff and buys rights to use the technology. A deal could come within weeks, but talks could also collapse.

Nvidia plans to deploy $18 billion in equity investments over the remainder of its fiscal year, stepping up commitments focused on AI model developers, infrastructure financing firms and other private companies. It disclosed the commitments in its earnings report. As of late July, its holdings tied to private companies rose to $47.9 billion from $22.3 billion at the prior fiscal year-end. The company has also invested in power and land for data centers and joined efforts to raise more than $500 billion for AI infrastructure.