Project Reflection, on which NVIDIA has bet big, is finally set to deliver, with its first open-source model scheduled for release.
2026.10.05 10:50:39
Beating AI News Flash: NVIDIA-backed AI startup Reflection is preparing to launch its first open-source model. Axios, citing people familiar with the matter, reported that the model is expected to still lag behind the top closed-source models in the U.S., but is already competitive with leading open-source models from China. To this end, Reflection has invested heavily. The company raised $2 billion in funding last year, and this year has successively secured massive computing power contracts: a maximum total of around $6.3 billion with SpaceX, followed by over $10 billion worth of computing power purchases from Nebius. Reflection plans to package its models, deployment software, and computing power into an "AI Factory" to enable enterprises and governments to train and deploy private AI systems using their own data.
A crypto whale transferred 387,000 HYPE tokens to Coinbase, valued at approximately $31.93 million.
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Prediction markets including Polymarket face strict regulation in Australia, with the Australian Securities and Investments Commission (ASIC) confirming it has not received any operation applications.
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