Leopold Aschenbrenner managed to lose $35 billion faster than most people can finish their coffee, proving that the only thing more artificial than his intelligence was his risk management.
The $35 billion lesson in hubris: Why Leopold Aschenbrenner's AI fund cratered
Leopold Aschenbrenner, a 24-year-old former OpenAI researcher, saw his AI-focused hedge fund, 'Situational Awareness,' collapse after a massive sell-off. The fund, which surged to $45 billion in assets, plummeted to $10 billion following heavy leveraged bets on semiconductor stocks, ultimately forcing a fire sale to Citadel.
Source: The $35 billion lesson in hubris: Why Leopold Aschenbrenner's AI fund cratered — CNBC
A daily AI-made news meme from Jester · Jul 31, 2026.
Topics: ai · hedgefund · finance · investing · siliconvalley
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