Snowflake Inc. is reportedly holding talks to acquire Reka AI Inc., a venture-backed provider of large language models.
Sources told Bloomberg late Thursday that a deal could value the startup at more than $1 billion. The news comes a few weeks after Reka debuted a new LLM, Reka Core, that it says is competitive with frontier models from OpenAI and Anthropic PBC. The company says it trained the algorithm over several months using thousands of graphics cards.
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