en.Wedoany.com Reported - Artificial intelligence startup Reflection AI has completed a new funding round, achieving a valuation of €22.6 billion. Its computing power relies on xAI's Colossus 2 supercomputer, while chip supplier Nvidia plays a dual role as both an investor and a supplier.
Founded in 2024, Reflection AI was established by two former Google DeepMind researchers, Misha Laskin and Ioannis Antonoglou. Antonoglou previously contributed to the development of AlphaGo, the program that defeated the world champion in the game of Go in 2016. In October 2025, the company completed a €1.81 billion funding round at a valuation of €7.2 billion, with investors including Nvidia, Sequoia Capital, and Lightspeed Venture Partners. In June of this year, Bloomberg reported that the company was advancing a new funding round, with its valuation rising to €22.6 billion.
In this agreement, Nvidia holds a particularly unique position. The company not only provides hardware for xAI's Colossus 2 server but also invested approximately €725 million in Reflection AI last year, creating a "supply and invest" dynamic.
Reflection AI has not yet released a public-facing model but plans to publish the parameters of future models in an open weights format, allowing researchers and developers to freely download and modify them. This approach contrasts with the closed practices of labs like OpenAI or Anthropic. A company spokesperson stated that recent events highlight the importance of open source for the AI ecosystem, as more countries and enterprises recognize the risks associated with relying entirely on closed models. Additionally, Reflection AI is collaborating with the U.S. Department of Energy on the "Genesis Mission" and is involved in multiple projects with the Pentagon.
Meanwhile, xAI's Colossus 2 supercomputer project is facing a federal lawsuit. In April of this year, the U.S. civil rights organization NAACP filed a lawsuit in federal court, alleging that xAI installed dozens of natural gas turbines without permits around two data centers in Memphis and Southaven, Mississippi, violating the Clean Air Act. xAI had defended the installations on the grounds of their "temporary" nature, but the U.S. Environmental Protection Agency (EPA) revised relevant rules in January of this year, requiring permits even for large turbines used temporarily. KeShaun Pearson, Executive Director of the Memphis Community Against Pollution, stated that the data center's emissions exceed those of Memphis International Airport. The directly affected Boxtown community, a predominantly Black working-class neighborhood, saw residents testify at a Shelby County committee hearing in April 2025, reporting chronic respiratory issues. At full capacity, the data center complex's electricity consumption could reach up to 40% of Memphis's average summer electricity demand.
In its IPO filing, SpaceX stated that it has "sufficient computing power to support its own AI models and fulfill these contractual obligations." However, the company's stock price fell after its June listing, while computing contracts continue to pour in.
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