Former OpenAI Researcher Leopold's Hedge Fund Urgently Closes Positions Due to Trading Losses

TechFlow News, July 30. According to CNBC reports, the hedge fund Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, is urgently liquidating large positions to raise capital and meet margin requirements due to significant losses from both betting on AI concept stocks and shorting software stocks.

Sources familiar with the matter said that the fund's prime broker has recently been assisting it with emergency fundraising. A large investment institution has reportedly reached an agreement to acquire its publicly traded assets, but the buyer's identity has not been disclosed. It was also revealed that the fund's size once reached approximately $45 billion in early July, followed by significant losses.