AI-focused hedge fund sells all of its stocks

Situational Awareness, an AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, has sold its entire public stock portfolio to Citadel, per Axios. The fund, which recently reported around twenty billion dollars in assets, has been hit by the sell-off in AI stocks, particularly affecting chipmakers. The liquidation comes just days after reports the fund was seeking fresh capital to cover substantial losses.

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