AISlashdotabout 2 hours ago
SEC Investigating Near-Implosion of AI Hedge Fund
2 min read
The SEC is investigating the near-collapse of AI hedge fund Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner. The fund managed over $30 billion and borrowed tens of billions before leveraged bets unraveled, forcing it to sell most of its stock portfolio to Citadel at a discount.
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