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Situational Awareness Returns With $400M Investment After Nearly Collapsing
Situational Awareness Returns With $400M Investment After Nearly Collapsing
Authored by Zoltan Vardai via CoinTelegraph.com,
Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, reportedly invested $400 million in a privately held company days after it nearly collapsed under margin calls.
The fund invested $100 million in the same unnamed company in July, Bloomberg reported Thursday, citing people familiar with the matter.
The latest investment was completed on Tuesday.
Cointelegraph has approached Situational Awareness for comment.
Assets at Situational Awareness fell about 78% in July, as an AI-stock sell-off triggered margin calls from Wall Street lenders.
The...
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