Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry
Situational Awareness hedge fund invested $400 million in chip startup Source Foundry, increasing its total investment to $500 million. Despite recent setbacks, including a significant sell-off of its public portfolio and a drop in assets under management from $20 billion to $10 billion, the fund continues to pursue ambitious investments in AI technology. Founded by Leopold Aschenbrenner, the fund aims to capitalize on advancements in chip manufacturing led by Stanford researchers.