Situational Awareness, star AI hedge fund that nearly imploded, now being probed by the SEC
Situational Awareness, an AI hedge fund led by Leopold Aschenbrenner, faced a downturn in July that erased billions in value. The Securities and Exchange Commission is now probing the firm, subpoenaing banks involved in its trading. While the fund has not been accused of wrongdoing, it highlights the volatility in the AI investment sector.