{"slug": "the-loss-of-situational-awareness", "title": "The loss of Situational Awareness", "summary": "Situational Awareness, a hedge fund founded by 24-year-old former OpenAI employee Leopold Aschenbrenner that focused on artificial intelligence bets, has sold most or all of its public stock portfolio to Ken Griffin's Citadel after steep losses. The fund's assets fell to $10 billion following an AI share rout, according to multiple reports.", "body_md": "# The loss of Situational Awareness\n\nBy Elizabeth LopattoSource:\n\n[The Verge AI](https://www.theverge.com)I am not by any means an expert at finance but I think I do now have some advice for people who are: Do not name your hedge fund anything that will be hilarious if it blows up. Don't use a name like \"[Long-Term Capital Management,](https://en.wikipedia.org/wiki/Long-Term_Capital_Management)\" or \"[Amaranth Advisors](https://en.wikipedia.org/wiki/Amaranth_Advisors)\" (named for the floral symbol for immortality). Certainly do not call yourself \"Situational Awareness,\" which might as well just be \"Hubris, Inc.\"\n\nAnyway, Situational Awareness, the hedge fund started by a 24-year-old former [OpenAI](/glossary/openai) employee that focuses on [artificial intelligence](/glossary/artificial-intelligence) bets, has sold [most](https://www.reuters.com/technology/citadel-buys-most-situationals-stock-holdings-after-ai-share-rout-sources-say-2026-07-30/) or [all](https://www.axios.com/2026/07/30/ai-hedge-fund-situational-awareness-citadel), [depending](https://www.bloomberg.com/news/articles/2026-07-30/situational-awareness-assets-fall-to-10-billion-after-losses) on [who's ](https://www.cnbc.com/2026/07/30/leopold-aschenbrenners-hedge-fund-is-facing-steep-ai-losses.html)[reporting](https://www.wsj.com/finance/citadel-buys-situational-awarenesss-stock-portfolio-after-big-losses-in-ai-5117159b?mod=hp_lead_pos3), of its entire public stock portfolio to [Ken Griffin](https://fortune.com/2026/03/31/ken-griffin-citadel-securities-hedge-fund-miami-wall-street-trump-republican-politics/?utm_source=sfmc&utm_medium=email&utm_campaign=NL_fortune-features_2026-3-31_108268&utm_term=fortune-features&sfmc_id=14949166)'s Ci …\n\nGet AI news in your inbox\n\nDaily digest of what matters in AI.", "url": "https://wpnews.pro/news/the-loss-of-situational-awareness", "canonical_source": "https://www.machinebrief.com/news/the-loss-of-situational-awareness-0au8", "published_at": "2026-07-30 20:46:25+00:00", "updated_at": "2026-07-30 21:03:46.554587+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-startups"], "entities": ["Situational Awareness", "OpenAI", "Citadel", "Ken Griffin", "Leopold Aschenbrenner"], "alternates": {"html": "https://wpnews.pro/news/the-loss-of-situational-awareness", "markdown": "https://wpnews.pro/news/the-loss-of-situational-awareness.md", "text": "https://wpnews.pro/news/the-loss-of-situational-awareness.txt", "jsonld": "https://wpnews.pro/news/the-loss-of-situational-awareness.jsonld"}}