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International Business Times
International Business Times
Business

OpenAI Veteran's Hedge Fund Implodes After Wall Street Banks Reduce AI Bet Exposure

OpenAI Leopold Aschenbrenner Situational Awareness Goldman Sachs JPMorgan Chase
Ken Griffin, founder and CEO of multinational hedge fund Citadel, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 5, 2026. (Credit: Patrick T. Fallon/AFP)

KEY POINTS

  • Situational Awareness was forced to liquidate its public assets to Kenneth Griffin's Citadel at a steep discount following margin calls from major prime brokers.
  • Goldman Sachs data shows hedge fund leverage surged to record levels in 2026, underscoring broader concerns about AI-related market exposure.
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