The Verge Mocks AI Fund Collapse: A 24-Year-Old and a $20B Debacle
nordicinst · x · 2026-07-31
The Verge published a column commenting on the collapse of the AI hedge fund Situational Awareness, founded by former OpenAI employee Leopold Aschenbrenner. The article points out that the fund was valued at $45 billion in early July but was forced to sell assets to Citadel after bad weeks for AI stocks, leaving it at $10 billion. The author mocks Wall Street's frenzy of blindly throwing money at young, inexperienced AI-concept managers.
Related event: Ex-OpenAI Staffer's AI Hedge Fund Blows Up, Citadel Takes Over $16B(41 posts)→
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