Citadel buys Situational Awareness's public portfolio after leveraged AI losses
Leopold Aschenbrenner kept a private Anthropic stake reportedly worth $5 billion, preserving his largest route back from the rout.
By Ryan Merket · Published
Primary source: TechCrunch
Why it matters
A former OpenAI researcher's AI thesis built one of Wall Street's fastest-growing funds. Leverage forced an unwind, leaving a $5 billion Anthropic stake as its key remaining asset.
Leopold Aschenbrenner's Situational Awareness sold the bulk of its public-stock portfolio to Ken Griffin's Citadel after leveraged AI bets suffered steep losses, according to TechCrunch and [The Wall Street…
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