Silicon Valley AI wunderkind’s $45B hedge fund sinks days before California wedding
TL;DR Summary
Twenty-four-year-old Leopold Aschenbrenner, founder of the AI-focused hedge fund Situational Awareness, watched his $45 billion portfolio unravel after aggressive AI bets, including a large private stake in Anthropic; he reportedly sold billions of holdings to Citadel’s Ken Griffin to stem losses, yet the firm still oversees more than $10 billion. A former FTX/OpenAI associate turned crypto-fast celebrity, Aschenbrenner has attracted major investors and media attention as he prepares for a Carmel-by-the-Sea wedding with Avital Balwit, while vowing better risk management going forward.
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