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. Now, federal regulators are reportedly probing the company as well.
Originally reported by TechCrunch. Read the full story at the original source.
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