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2 stories taggedhedge fund.

A polished aluminium hardware device sitting on a stark white surface, partially covered by a large manila legal envelope, shot from a slightly elevated angle i
AI Business

SEC Investigates Situational Awareness, the AI Hedge Fund That Bet Everything on Artificial Intelligence

The fund, led by a former OpenAI researcher, lost billions when AI stocks fell in late July. Now federal regulators are asking its banks to hand over records.

3 min read
Illustration: A polished corporate conference room seen from slightly above and behind rows of empty ergonomic chairs facing
AI Business

Battered AI Hedge Fund Situational Awareness Bets $400 Million on Chip Startup Source Foundry

Despite selling off half its assets last month, the fund founded by a former OpenAI researcher has now put a total of $500 million into a Stanford-born startup trying to make chip manufacturing faster and cheaper.

3 min read
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