Ex-OpenAI researcher's $45B AI hedge fund lost most of its value in days

Leopold Aschenbrenner, a former OpenAI researcher turned hedge fund manager, saw his AI-focused fund Situational Awareness, valued at $45 billion, suffer a dramatic collapse in value within days. The rapid decline highlights the risks of investing in highly valued AI-focused assets. Aschenbrenner had positioned the fund around concentrated bets on artificial intelligence.