AI bubble gone bust? Once a billionaire, how AI investor Leopold Aschenbrenner lost most of his hedge fund’s fortune in days
Leopold Aschenbrenner, the former OpenAI researcher who once positioned himself as a prophet for the coming age of artificial super intelligence, is now being forced to wind down his hedge fund’s positions amid a global downturn in AI stocks.
Aschenbrenner’s fund, Situational Awareness, massively grew to as big as $45 billion at the beginning of July before big losses took hold, CNBC reported citing sources. The fund began to see massive losses in recent weeks as its heavyweight AI holdings like SK Hynix sharply crashed, while its short positions in software companies such as Adobe moved sharply against it, the report added.
