economy
Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry
The AI-focused hedge fund is still making some big bets.
TL;DR
- Situational Awareness invested $400 million in chip manufacturing startup Source Foundry.
- This brings the total investment in Source Foundry to $500 million.
- Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, faced steep losses in AI infrastructure stocks.
- The fund sold the majority of its public portfolio to Citadel, reducing assets under management from $20 billion to $10 billion.
- The fund retained its Anthropic shares.