Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry

In Brief

Situational Awareness whitethorn person had to merchantability disconnected the bulk of its nationalist portfolio past month, but the AI-focused hedge money is inactive making immoderate large bets.

This week, the money invested $400 cardinal into Source Foundry, a startup founded by Stanford researchers aiming to marque spot manufacturing faster and cheaper, according to The Wall Street Journal. That brings its full concern successful Source Foundry to $500 million.

Situational Awareness was founded by Leopold Aschenbrenner, a erstwhile OpenAI researcher successful his mid-twenties who had nary trading acquisition erstwhile helium launched the money successful 2024. Early returns were reportedly strong, but the money faced steep losses successful caller months amidst the diminution successful AI infrastructure stocks.

At the extremity of July, Situational Awareness sold disconnected the bulk of its nationalist portfolio to Ken Griffin’s Citadel, though the money held connected to its Anthropic shares. Its assets nether absorption reportedly fell from $20 cardinal to $10 billion.

On the agleam side, Aschenbrenner didn’t fto those setbacks get successful the mode of his wedding.

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