Sources: London-based AI infrastructure startup Nscale is seeking to raise as much as $3B in its US IPO, which could take place as soon as September (Bailey Lipschultz/Bloomberg)

London AI infrastructure startup Nscale plans a U.S. IPO that could raise up to $3 billion, with a filing possibly in September. The U.S. DOJ settled a $400 million TikTok/ByteDance COPPA case. Apple cut more than 200 jobs in its Vision Pro and Siri divisions. Anthropic’s bankers project a valuation above $2 trillion; the company hired former Google TPU lead Amir Salek to design custom chips. DeepSeek unveiled a multimodal V4 Flash model that nears Anthropic’s Opus 4.8 performance.