Leopold Aschenbrenner’s AI fund lost most of its value. Now it’s back with $400M.
One of the most talked-about funds in AI is wagering again, barely a week after it nearly blew up. Situational Awareness, the firm founded by Leopold Aschenbrenner, has returned to investing with a $400M bet. The return is remarkable given what just happened. In July the fund suffered a catastrophic reversal, losing roughly two-thirds of […]<br /> This story continues at The Next Web [...]
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The man who wrote the AI-boom bible just got margin-called out of it
The man who wrote the defining case for the AI boom just got wiped out betting on it. Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, has been forced t [...]
Aschenbrenner's AI thesis could be correct, his timing and leverage were not
Leopold Aschenbrenner's AI hedge fund Situational Awareness had to unload nearly its entire publicly traded portfolio to Ken Griffin's Citadel after racking up heavy losses on leveraged AI s [...]
Chai Discovery raises $400M at $3.8bn as AI drug discovery moves from promise to deployment
Chai Discovery’s $400m raise triples its value to $3.8bn in seven months. It is the latest sign that AI drug discovery has moved from promise to deployment. AI drug discovery just minted another fas [...]
SiFive raises $400m Series G at $3.65bn valuation in final round before IPO
In short: SiFive, the RISC-V chip IP firm founded by the Berkeley engineers who created the open-source instruction set architecture, raised $400 million in an oversubscribed Series G on April 9, 202 [...]