AI Fund makes a bold $400 million bet on Situational Awareness, returning to the investment stage

According to sources cited by Gelonghui, just days after his hedge fund was on the brink of collapse, former OpenAI researcher Leopold Aschenbrenner has returned to the investment stage, spending $400 million to support a private company.

This investment, completed on Tuesday, is the first sign of how Aschenbrenner is picking up the pieces after his AI-themed hedge fund Situational Awareness nearly collapsed last week due to multiple margin calls from Wall Street lenders. This additional funding comes on top of the $100 million that Situational Awareness invested in the same company last month. It is currently unclear which company in his private equity portfolio received this additional funding.