Citadel buys AI fund assets after Situational Awareness plunges
What's new: Leopold Aschenbrenner's fund fell from about $45 billion to roughly $10 billion after margin pressure hit leveraged AI bets.
The New York Times, CNBC +1
Subject
#Citadel
Citadel takes most of AI hedge fund Situational’s stock book
What's new: Leopold Aschenbrenner's fund kept about $10 billion in stocks and private bets, including an Anthropic stake valued near $5 billion.
Bloomberg, The Business Times (Singapore) +1