Leopold Aschenbrenner, the 24-year-old founder of the $45 billion hedge fund Situational Awareness, saw his fund plunge 67% through July 30, forcing him to sell most of its public-stock portfolio to K…
Leopold Aschenbrenner's Situational Awareness Fund lost $35 billion of its $45 billion assets under management in about a month after running 4x leveraged bets on AI infrastructure stocks including SK…
The near-collapse of AI hedge fund Situational Awareness, rescued by Ken Griffin's Citadel, echoes the 2007 collapse of two Bear Stearns hedge funds that foreshadowed the 2008 financial crisis, accord…
Mario Draghi's newly launched Rhine Group, a think tank aimed at restoring Europe's technological edge, has opened its headquarters in Switzerland and uses US tech infrastructure, drawing criticism fo…
Hugging Face is fielding acquisition bids at nearly triple its 2023 valuation, reportedly around $13 billion, after rejecting a $500 million investment from Nvidia to avoid a dominant shareholder. Mea…
The U.S. Securities and Exchange Commission (SEC) has launched a probe into Situational Awareness, a quant-focused AI hedge fund, after its AI models reportedly contributed to massive unhedged risks a…
The Securities and Exchange Commission is probing Situational Awareness, the AI-focused hedge fund led by OpenAI alum Leopold Aschenbrenner, after a downturn in AI stocks erased billions in value at t…
The U.S. Securities and Exchange Commission is investigating the near-collapse of AI-focused hedge fund Situational Awareness, sending subpoenas to major Wall Street banks for details on the fund's tr…
The U.S. Securities and Exchange Commission is investigating Situational Awareness, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, after leveraged trades forced t…
The U.S. Securities and Exchange Commission has subpoenaed banks for trading and leverage records after AI-focused hedge fund Situational Awareness suffered a 67% drawdown and sold most of its public …
The New York Post argues that fears of an AI bubble are largely unfounded, noting that while AI is cited as a top reason for 2026 layoffs and tech job cuts have already surpassed 2025's total, many fi…
A new Cold War narrative is being embraced by Silicon Valley elites as a shield against regulation, according to a report. The story gained prominence after Leopold Aschenbrenner, a 24-year-old former…
Citadel, led by Ken Griffin, acquired the distressed public equity portfolio of Situational Awareness, a hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, for an estimated $10B to …
Citadel Advisors acquired much of the $16 billion public-equity book of Leopold Aschenbrenner's AI-focused fund Situational Awareness after its portfolio fell 67% in July, then shed more than 80% of t…
Ken Griffin said in a letter to clients Friday that Citadel has unwound more than 80% of the aggregate risk tied to its purchase of assets from AI hedge fund Situational Awareness, conducting over 100…
Ken Griffin's Citadel sold more than $4 billion of stock bets acquired from embattled AI hedge fund Situational Awareness, shedding over 80% of the aggregate risk from the original portfolio through n…
Citadel has unwound over 80% of the $4 billion in assets it acquired from Situational Awareness, the AI-focused hedge fund run by Leopold Aschenbrenner that collapsed in July, according to a report. T…
Recent demonstrations show AI models achieving recursive self-improvement, generalized situational awareness, and coordination without communication, capabilities that arrived years ahead of expert fo…
AI News Digest for Aug 19 covers 30 stories, including Galbot preparing a new humanoid for August robot showcases, Leopold Aschenbrenner losing $30 billion by betting too heavily, and State Farm lawye…
Leopold Aschenbrenner lost $30 billion by betting too heavily on AI infrastructure stocks, according to a report. His fund, Situational Awareness, borrowed $3 for every $1 of capital and was forced to…