Nvidia is in early talks to acquire Reflection AI or invest more in the open-weight model startup, the Financial Times reported. Bloomberg reported talks on a bigger investment or computing deal, with no terms agreed. Nvidia has already invested $800 million, the FT said.
The FT said a deal could come within weeks but that the talks could still fall apart.
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Cohere announced the initial close of a Series E round targeting up to CAD $7 billion, which would value Cohere at CAD $35.7 billion if fully raised. The companies of Schwarz Group lead the round. Cohere calls it the largest private raise by a Canadian tech company.
Marvell is in advanced talks to acquire optics maker Lumentum, Bloomberg News reported Oct 28, citing people familiar, and a source told Reuters the same. A deal could be announced as soon as next week, though talks are private and no agreement has been reached. Lumentum rose about 9% after hours and Marvell fell more than 8%, per Reuters.
Samsung reported record third-quarter operating profit of 107.4 trillion won and said it is the world's first tech company to exceed 100 trillion won in quarterly operating profit. Its chip division earned 106.5 trillion won of that, and Samsung said on its call it expects 2027 results to surpass 2026.
SAP and NTT said Oct. 28 they intend to cooperate on SAP Sovereign Cloud and SAP Business AI. As a first step, they plan to combine SAP Sovereign Cloud On-Site with NTT-managed infrastructure and operations for customers in unnamed "key markets." The companies did not announce financial terms, named markets or a timeline.
Guidewire said Oct. 27 it signed a definitive agreement to buy London-based hyperexponential, an AI underwriting and pricing software provider for commercial insurers, for $1.7 billion in cash plus up to $400 million tied to recurring-revenue targets. Guidewire plans to fund the deal with $1 billion in new term loans from Bank of America and Citibank plus cash on hand. It expects the deal to close in its fiscal second quarter of 2027 and to have no impact on its first-quarter guidance.
