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Situational Awareness Hedge Fund's AI Bets Lead to Significant Losses

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Situational Awareness, a hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, suffered significant losses in July after betting big on AI stocks. The fund, backed by Silicon Valley and Wall Street investors, invested $400 million in a privately held company days after facing margin calls due to a 78% drop in assets. Aschenbrenner sold most of the fund's public equity portfolio to Citadel to repay lenders and retain private holdings.

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  1. Wall Street Journal avatar

    Wall Street Journal

    X / Twitter / @WSJ

    Exclusive: Situational Awareness, the hedge fund whose aggressive AI b...

  2. Chinese Wall Street Journal 华尔街日报中文网 avatar

    Chinese Wall Street Journal 华尔街日报中文网

    X / Twitter / @ChineseWSJ

    对冲基金Situational Awareness因大举押注AI而在7月份遭受重大亏损,但其背后却站着一支阵容强大的硅谷与华尔街出资人团体,...

  3. Zero Hedge avatar

    Zero Hedge

    RSS / @cms.zerohedge.com/fullrss2.xml

    Situational Awareness Returns With $400M Investment After Nearly Colla...

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