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Ai Hedge Fund

2 GoKawiil briefs on this topic

Situational Awareness founder Leopold Aschenbrenner reportedly planned to buy galaxies with AI wealth

According to a Wall Street Journal report, former OpenAI researcher and hedge fund founder Leopold Aschenbrenner told people at San Francisco gatherings that he intended to save money to eventually purchase entire galaxies, believing AI would unlock unlimited resources and space colonization. He reportedly even promised to buy one for his wife, Anthropic chief of staff Avital Balwit. His fund, Situational Awareness, has since lost over two-thirds of its value amid a tech sell-off and is now under SEC investigation.

SEC Subpoenas Banks Over Situational Awareness AI Hedge Fund Collapse

The Securities and Exchange Commission has issued subpoenas to banks that financed Situational Awareness, the AI-focused hedge fund run by 24-year-old former OpenAI researcher Leopold Aschenbrenner, after it lost more than two-thirds of its value in a tech stock sell-off last month. Investigators are seeking records on trade timing and communications about the borrowed money, or leverage, the fund used to amplify its bets on AI stocks. The fund says it hasn't been accused of wrongdoing and is cooperating fully with regulators.