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The Economic Times
The Economic Times

With Situational Awareness AI deal, Citadel's Griffin rides to the rescue again

Citadel Ken Griffin Situational Awareness Leopold Aschenbrenner Artificial Intelligence California Hedge Funds

When rival hedge funds face catastrophic losses, billionaire investor Ken Griffin has a habit of identifying opportunities and showing up with a checkbook.

Citadel's founder ​this week reprised his role as one of Wall Street's rescue ​buyers, stepping in to salvage California hedge fund Situational Awareness as it buckled under souring bets on artificial intelligence stocks.

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