economy
AI-focused hedge fund sells all of its stocks
Situational Awareness sells to Ken Griffin's Citadel.
TL;DR
- Situational Awareness, an AI-focused hedge fund, has sold all its public equities to Citadel.
- The fund was founded by Leopold Aschenbrenner, a former OpenAI researcher.
- Aschenbrenner was fired from OpenAI in 2024 over a disputed alleged information leak.
- The sale follows a recent sell-off in AI stocks, especially chipmakers.
- Situational Awareness had recently sought to raise fresh capital after heavy losses.