Alibaba wins injunction against Pentagon contract restrictions tied to China blacklist - Reuters

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• London-based Machenta, which is building an AI model that can teach robots new physical tasks after seeing them performed just once, raised a $40M seed (Rya Jetha/Business Insider)

  Machenta, a London-based company focusing on autonomous systems, has secured a $40 million seed round to develop an AI model capable of teaching robots new physical tasks through a single performance demonstration, aiming to democratize robotics. This move aims to simplify the integration of AI-powered robots into businesses' operations.

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• Dallas-based Disruptive raised $10B to invest in AI, defense, and software, doubling its AUM, and pivots from single-deal SPVs to a discretionary fund structure (Natasha Mascarenhas/Bloomberg)

  The firm has doubled its assets under management (AUM) and is pivoting from single-deal special purpose vehicles (SPVs) to a discretionary fund structure. The firm, founded in 2006, is known for its expertise in technology and has a track record of success in the industry.

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• World Bank's Banga: Availability of capital 'not really an issue' as AI demand drives up borrowing costs

  World Bank President Ajay Banga asserts that capital availability remains robust despite rising interest rates due to AI demand, emphasizing that the issue is not a significant concern. The World Bank's $112 billion mobilization in the past year is three times higher than three years prior, with investments focusing on infrastructure and smaller-scale AI applications in emerging markets, contrasting with developed markets' need for funding for large AI use cases. While AI is expected to be transformative, there ar…

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