Startup

NIO has struck definitive agreements to sell a 30% stake in NIO Power, the subsidiary operating its battery swap stations and charging network, to a Geely Holding subsidiary at a post-money valuation of roughly RMB16 billion ($2.4 billion), the company announced Sunday.

It launches alongside the general availability of Azure Container Apps Sandboxes, the isolated compute layer Express runs on.

Paramount is appointing Ynon Kreiz as co-chief executive ahead of the close of its $110 billion merger with Warner Bros.

Google Cloud reported GKE Pod snapshot benchmarks showing startup-latency cuts as high as 89%.

EliseAI has raised $350 million at a $4 billion valuation, double the value of its Series E last August.