WSJ.Catch

AI-focused hedge fund sells all of its stocks

Situational Awareness, an AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, has sold its public stock holdings to Citadel. The sale happened after a recent drop in AI-related stocks, especially chipmakers. Some reports say the fund is also asking investors for new money or offering to sell assets directly. Observers see the move as a sign of stress in the AI investment market.