AI Hedge Fund Situational Awareness Assets Halved to $10 Billion, Citadel Takes Over Its Public Equity Positions

TechFlow News, July 31, according to Bloomberg, Situational Awareness, an AI-themed hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, has seen its assets plummet to approximately $10 billion, shrinking by more than half from its peak in recent months.

Sources disclosed that the fund recently suffered losses due to a sharp decline in AI sector stock prices and subsequently initiated liquidation procedures for some stock positions. Citadel, under Ken Griffin, stepped in and took over most of the public stock bets sold by the fund.