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Situational Awareness, star AI hedge fund that nearly imploded, now being probed by the SEC
Situational Awareness, the AI focused hedge fund that was Wall Street’s fleeting obsession, is having a very bad month.
Story Brief
Situational Awareness, the AI focused hedge fund that was Wall Street’s fleeting obsession, is having a very bad month. The company, led by twentysomething OpenAI alum Leopold Aschenbrenner, went all-in on a variety of AI investments and, for a period, enjoyed phenomenal growth. Then, at the end of July, a downturn in AI stocks erased billions of dollars in value at the firm.
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