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Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry

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CitrixNews Staff
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Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry

Situational Awareness may have had to sell off the majority of its public portfolio last month, but the AI-focused hedge fund is still making some big bets.

This week, the fund invested $400 million into Source Foundry, a startup founded by Stanford researchers aiming to make chip manufacturing faster and cheaper, according to The Wall Street Journal. That brings its total investment in Source Foundry to $500 million.

Originally reported by TechCrunch. Read the full story at the original source.