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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 [...]
Situational Awareness ran two auctions at once, and one set of bidders never knew
Situational Awareness lost roughly $30bn in July. The desk reported that three weeks ago. What happened inside those six days has not. Gregory Zuckerman, Juliet Chung and Peter Rudegeair have reconstr [...]
Former Citadel quants raised $78M for the AI operating system Wall Street’s wealth managers didn’t have
Moment, the fintech company founded by a cohort of former Citadel Securities quantitative traders and researchers, has raised $78 million. The round was led by Index Ventures with participation from e [...]
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 $4 [...]
Netomi raises $110 million as Accenture and Adobe bet on AI for customer service
Netomi, the San Francisco-based startup building AI systems for enterprise customer service, said Thursday that it has raised $110 million in new funding in a round led by Accenture Ventures, with par [...]
Agentic orchestration: Enterprise AI organizations know how to govern agents but still can't meter what they cost
Across 107 enterprises, agentic orchestration is not a choice of a single platform.The typical enterprise runs three orchestration platforms at once, and selects them for flexibility across models rat [...]