Insiders: Prominent AI Investor Liquidating Positions After Massive Losses

Odaily Planet Daily News According to insiders, the hedge fund Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner and managing $24 billion in assets, is in the process of liquidating multiple trades and scrambling to raise capital after a sharp decline in AI concept stocks and losing bets on shorting software stocks.

Insiders indicate that Situational Awareness has suffered significant losses in recent weeks. The value of its AI infrastructure investments, such as SK Hynix shares, has fallen, while its short positions against software companies like Adobe have incurred substantial losses. It remains unclear whether the fund is negotiating asset sales to meet margin calls or has initiated a broader liquidation of its entire portfolio.

Insiders also stated that the fund is attempting to raise liquidity by selling stakes in unlisted companies, including its shares in Anthropic. The specific scale of the proposed sale of Anthropic shares is currently unknown, though sources familiar with the process say that potential buyers have expressed interest in acquiring some or all of the shares. (CNBC)