Ex-OpenAI Researcher's AI Hedge Fund Shrinks Over 70%

Leopold Aschenbrenner, a former OpenAI researcher, saw his AI hedge fund 'Situational Awareness' shrink from $45 billion to about $10 billion. The fund was hit by a plunge in semiconductor stocks and margin calls, forcing it to sell positions in SK Hynix and CoreWeave. Aschenbrenner, once hailed as a visionary for the superintelligence era, faced criticism for using 400% leverage without prior money management experience. Despite the crash, some still respect his long-term AI predictions. He plans to marry Avital Balwit, chief of staff to Anthropic's CEO, this weekend.