The loss of Situational Awareness
Covered by 5 sources
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Situational Awareness, a hedge fund founded by a 24-year-old ex-OpenAI employee focusing on AI investments, sold most or all of its public stock portfolio to Citadel after severe losses. The fund's value plummeted from $45 billion to $10 billion in July, marking one of the largest trading losses in history, surpassing Archegos Capital Management's $8 billion loss in 2021.
