The High Stakes Gamble of Situational Awareness Situational Awareness, the hedge fund founded by 25 year old Leopold Aschenbrenner, has sold its majority public stock portfolio to Citadel.
This move may not be surprising given the turbulent market conditions, but it highlights the scale and underlying dynamics of the losses suffered by the fund.
Aschenbrenner's Situational Awareness rose to prominence in 2024 with a bold investment thesis: that scaling AI would necessitate significant investments in semiconductors, compute, memory, and energy infrastructure.