A.I. Trade. Situational Awareness

What a Hedge Fund’s Implosion Says About the A.I. Trade

Situational Awareness, an AI-focused hedge fund founded by a former OpenAI researcher, has sold most or all of its stock holdings. The fund reportedly sold its public equities to Citadel, owned by Ken Griffin. This move follows a sharp drop in AI-related stocks and worries about the fund's use of leverage.