Nvidia (NVDA) backed startup Reflection is in discussions to raise $2.5B at a valuation of $25B, Berber Jin and Kate Clark of The Wall Street Journal reports, citing people familiar with the matter. The company is looking to build a network of “open source” AI models, which can be used and repurposed by businesses, labs, and universities as needed. JPMorgan Chase (JPM) is in talks to participate in the round, the sources added.
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