Tale of a blue-chip AI fund's rapid rise & fall
He was hailed as the “Nostradamus” of AI — a young oracle with a bold prophecy for the future.“Before long, the world will wake up,” Leopold Aschenbrenner, tech-seer-turned-hedge-fund-manager, predicted in 2024. This week, it did — but not in the way Aschenbrenner had foreseen.In a blink, his wildly successful hedge fund, Situational Awareness, was forced to sell billions of dollars of technology investments that had rapidly lost value, as nervous banks began to demand more and more collateral for his trades. Then came billionaire Ken Griffin.In less than 24 hours — which included a conversati