How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days
Leopold Aschenbrenner, a former OpenAI researcher-turned-hedge fund manager, saw a dramatic decline this week in his AI-focused fund, Situational Awareness.
Leopold Aschenbrenner, a former OpenAI researcher, founded AI hedge fund Situational Awareness. The fund reached a peak of $45 billion in assets earlier this month. However, Situational Awareness experienced significant losses after forced sales of leveraged stock bets, including SK Hynix and CoreWeave, to Ken Griffin's Citadel. The fund's holdings dwindled to around $10 billion, as reported by CNBC.
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