AI-Focused Fund 'Situational Awareness' Nearly Collapses, Then Gets Reborn With $400M Investment
AI News Flash: The Situational Awareness hedge fund, founded by former OpenAI researcher Leopold Aschenbrenner, nearly collapsed in July after an AI stock selloff triggered margin calls, but has since invested another $400 million in an unnamed private company, with the deal closing this past Tuesday, following a $100 million investment in the same company back in July, according to people familiar with the matter cited by Bloomberg on Thursday.