The loss of Situational Awareness

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.

The loss of Situational Awareness By Elizabeth LopattoSource: 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." Anyway, 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 … Get AI news in your inbox Daily digest of what matters in AI.