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JPMorgan ends lending to Situational Awareness following losses

JPMorgan Chase has ended its lending relationship with Situational Awareness, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, following a sharp deterioration in the fund’s portfolio, according to a report by the Financial Times.

  • JPMorgan terminates lending to Situational Awareness
  • Fund suffers losses in AI and semiconductor sectors
  • Situational Awareness liquidates public equity positions

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