How 'Situational Awareness' Hedge Fund Dropped 67% in AI Stock Rout

CNN tells the unfortunate tale of hedge fund Situational Awareness, "founded in 2024 by German-born Leopold Aschenbrenner when he was in his early 20s." Aschenbrenner, a former OpenAI employee, founded the hedge fund on the premise that "AI will be the dominant driver of global market returns over the next decade," according to the firm's site Aschenbrenner managed to turn hundreds of millions of dollars into tens of billions of dollars over the course of roughly two years Th...