Aschenbrenner Reportedly Unwinds Trades After Heavy Losses at $24 Billion Fund
According to people familiar with the matter, star AI investor and former OpenAI researcher Leopold Aschenbrenner is unwinding trades after suffering steep losses and may be forced to liquidate assets. The $24 billion Situational Awareness fund has taken major losses in recent weeks, as bets on AI infrastructure names such as SK Hynix have fallen and a short position in Adobe software stock has also suffered heavy losses.