Nvidia in talks to acquire open-model startup Reflection AI — Daily Fintech News, October 13, 2026
Tuesday, October 13, 2026 · 11:12 AM ET
AI · FT
1.Nvidia in talks to acquire open-model startup Reflection AI
Nvidia is in talks to buy Reflection AI, a US startup building 'open' AI models. The Trump administration hopes the company can become a homegrown rival to cheap Chinese alternatives such as DeepSeek.
$NVDA
$NVDAClose$224.63-0.75%Live$224.64+0.00%
1Y +19.3%Rev QoQ +105.9%EPS QoQ +127.8%52wk $164.27–$243.37P/E 28.4Mkt Cap $5.42T
Markets · FT
2.Chip stocks slide after Broadcom chief's 'casino' comment
Chip shares fell, with Samsung and SK Hynix dragging the Kospi sharply lower, after Broadcom's boss likened the AI investment frenzy to a 'casino,' deepening investor worries over the scale of AI spending.
$AVGO
$AVGOClose$353.76-0.27%
1Y -0.8%Rev QoQ +85.5%EPS QoQ +215.3%52wk $289.96–$495.0P/E 45.2Mkt Cap $1.69T
Markets · Bloomberg
3.Microsoft nears first record in nearly a year as AI rally builds
Microsoft is on course for its first record high in almost a year as a renewed, AI-driven rally lifts megacap technology shares.
$MSFT
$MSFTClose$547.12+1.10%
1Y +6.4%Rev QoQ +17.7%EPS QoQ +31.7%52wk $349.2–$553.72P/E 30.8Mkt Cap $4.06T
AI Infrastructure · The Information
4.Anthropic to build its first data center in Japan
Anthropic plans to build its first data center in Japan as it keeps sprinting to expand global compute capacity for its AI models.
AI · The Information
5.Neocloud Prime Intellect acquires startup to speed up inference
AI cloud provider Prime Intellect acquired a startup to accelerate AI inference, deepening its position in the race to supply AI compute.
Funding · The Information
6.Applied Intuition fields offers at $30 billion valuation
Autonomous-vehicle software maker Applied Intuition is fielding investor offers at roughly a $30 billion valuation, a sharp markup for the AI-focused startup.