Implosion of Situational Awareness hedge fund has Wall Street betting the bottom is in for the AI trade
- Investing Investment Opportunities Markets
Ramit Sethi- 0
- 6 minutes read
Updated
One of the wildest months in recent memory for the U.S. stock market is ending on yet another remarkable note: A highflying hedge fund run by an AI wunderkind in his mid-20s has apparently just been carried out on a stretcher.
Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, has reportedly offloaded the bulk of its public-equity portfolio after suffering heavy losses over the past month, according to a report by
the Wall Street Journal. Citadel, the hedge fund run founded by billionaire Ken Griffin, was reportedly the buyer. Neither Situational Awareness nor Citadel responded to a request for comment from MarketWatch.
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