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Archegos 2.0? Star AI Investor Dumps Assets To Citadel After Massive Levered Bets Blow Up
Archegos 2.0? Star AI Investor Dumps Assets To Citadel After Massive Levered Bets Blow Up
Update (1130ET): The Wall Street Journal reports that Situational Awareness, the highflying artificial-intelligence-focused hedge-fund firm, sold the bulk of its stock portfolio to Ken Griffin's investment firm Citadel after suffering deep losses, according to people familiar with the matter.
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Update (1000ET): Situational Awareness has exited all of their public investments, CNBC’s David Faber reports on air, citing people familiar with the situation.
Faber reports that the liquidation was done “through one enormous trade."
Roughly two-thirds of the assets...
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Oct 12, 2026 / Tyler Durden
Tehran Rejects Alleged US Partial Peace Concessions To Iranian Demands As 'Inadequate'
Tehran Rejects Alleged US Partial Peace Concessions To Iranian Demands As 'Inadequate'
Talks between Washington and Tehran have obviously long been stalemated, amid a return to ramped-up Iranian attacks on energy transit in the Strait of Hormuz, but messages have continued to be exchanged on an indirect diplomatic level, also as Washington seeks a way out of the crisis.
Iran indicated Monday it is reviewing a latest offer from Washington, which is said to include partial concessions. However, a top Iranian security official has rejected the US latest offer as "inadequate".
Major...
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Sep 16, 2026 / Tyler Durden
US Announces South Africa Visa Curbs Citing Racism Against Afrikaners
US Announces South Africa Visa Curbs Citing Racism Against Afrikaners
Authored by Troy Myers via The Epoch Times,
The U.S. Department of State announced Tuesday new visa restrictions against some foreign nationals in South Africa who are alleged to be involved in discrimination and incitement of violence against minority groups in the country.
A State Department news release said the policy will target any individual involved in racially motivated crime, uncompensated land seizures, government-sponsored discrimination, and race-based legislation against the Afrikaner community, a white South African group of Dutch, German, or French...
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Aug 11, 2026 / Tyler Durden
Everything You Wanted To Know About Building A Cheap AI Setup (That Still Works) But Were Afraid To Ask
Everything You Wanted To Know About Building A Cheap AI Setup (That Still Works) But Were Afraid To Ask
Authored by Christopher Penn via 'Almost Timely News' substack,
I’ve been putting together a new course for Trust Insights, AI for Writing (and Writers), which will be coming out August 25th, and during the process of creating that course, I realized I’ve never walked through setting up a discount agentic AI system.
For a while now, many of us who work in “corporate” have had access to what feels like unlimited amounts of...
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