Situational Awareness returns with $400M investment after nearly collapsing: Report
Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, reportedly put $400 million into a privately held company just days after it nearly faced collapse from margin calls. Bloomberg said the fund had already invested $100 million in the same company in July, with the latest round completed on Tuesday. The fund was hit hard in July, when an AI-stock sell-off cut assets by about 78% and triggered lender margin calls. It later raised cash by selling most of its public equity portfolio to Citadel, which helped it repay lenders while keeping its private investments. Situational Awareness has focused heavily on AI infrastructure, including power and data centers and Bitcoin miners moving into AI computing. An SEC filing showed about $1.11 billion in positions across seven Bitcoin mining stocks as of March 31.
