Svmuu News: NVIDIA-backed AI startup Reflection has increased its funding target to $2.5 billion (previously $2 billion), potentially raising its valuation to $25 billion (previously $20 billion). If achieved, this would be one of the largest funding rounds in the open-source AI sector. The company was founded in 2024 by former Google DeepMind researchers Misha Laskin and Ioannis Antonoglou, and is headquartered in New York. Reflection aims to build a freely usable and customizable American open-source AI model system, with the goal of creating a technology network on the NVIDIA chip ecosystem that rivals overseas competitors.
Sources indicate that JPMorgan Chase plans to participate in this funding round through its "Security and Resilience Program," and existing investor Disruptive is also expected to follow on. (Techstartups)