AI wunderkind's $45B hedge fund collapses ahead of California wedding
Leopold Aschenbrenner, a 24-year-old founder of Situational Awareness, built a $45 billion AI-focused hedge fund by piling into AI stocks and securing a private stake in Anthropic; as AI bets soured, he reportedly borrowed heavily, sold billions of dollars in holdings to Citadel, and tried to stabilize the fund, which still reportedly manages over $10 billion in assets as he gears up for his Carmel wedding.