Leopold Aschenbrenner built one of Wall Street's fastest-growing hedge funds by betting that the artificial intelligence boom was only just beginning. Now, the former OpenAI researcher has become one of the AI investing world's most dramatic cautionary tales after his firm reportedly lost most of its value in a matter of days.
Aschenbrenner's hedge fund, Situational Awareness, ballooned to roughly $45 billion in assets earlier this month before collapsing to around $10 billion after a sharp selloff in AI-related stocks forced it to unwind its leveraged positions.
