AIThe Next Webabout 2 hours ago
SEC subpoenas four banks over Situational Awareness
1 min read
The SEC subpoenaed Goldman Sachs, JPMorgan Chase, Citigroup, and Bank of America over loans to AI fund Situational Awareness, seeking trade timing and lender communications. The fund, founded by Leopold Aschenbrenner, collapsed after leveraged AI bets, with Citadel buying positions at a discount.
Level
Hype check
Tap to vote and see what everyone thinks.
Summary by ByteBrief
