This article was published on August 6, 2026 Leopold Aschenbrenner’s AI fund rode the infrastructure boom to spectacular gains, then lost most of its value in a single month. Now it is back with a $400m bet. One of the most talked-about funds in AI is wagering again, barely a week after it nearly blew up. Situational Awareness, the firm founded by Leopold Aschenbrenner, has returned to investing with a $400M bet. The return is remarkable given what just happened. In July the fund suffered a catastrophic reversal, losing roughly two-thirds of its value in a single month and being forced to dump its holdings. Aschenbrenner is not a typical fund manager. A former OpenAI researcher, he left in 2024 and published a 165-page essay, also called “Situational Awareness,” arguing that artificial general intelligence could arrive far sooner than most expected. He turned that thesis into a portfolio. Backed by roughly $225m from names including the Collison brothers, Nat Friedman and Daniel Gross, the fund bet on the “picks and shovels” of the AI boom rather than the model makers themselves. The strategy worked spectacularly, for a while. The fund piled into data-centre operators, memory chipm
Aug 6, 2026 → Aug 26, 2026
This article was published on August 26, 2026 The Securities and Exchange Commission has subpoenaed Goldman Sachs, JPMorgan, Citigroup and Bank of America over Situational Awareness, according to the New York Times and CNBC. It wants trade…
Read original at The Next Web →3 updates from 1 source over 3 weeks.
This article was published on August 26, 2026 The Securities and Exchange Commission has subpoenaed Goldman Sachs, JPMorgan, Citigroup and Bank of America over Situational Awareness, according to the New York Times and…
Read original at The Next Web →This article was published on August 18, 2026 The $30bn loss has been public for three weeks. The Wall Street Journal has now reconstructed the six days behind it, including a 20% discount, a twelve-hour deadline, and a…
Read original at The Next Web →This article was published on August 6, 2026 Leopold Aschenbrenner’s AI fund rode the infrastructure boom to spectacular gains, then lost most of its value in a single month. Now it is back with a $400m bet. One of the…
Read original at The Next Web →What this story stands on. Tier 0 is a primary record or the subject's own words; higher tiers must be attributed, never stated as bare fact.
This article was published on August 26, 2026 The Securities and Exchange Commission has subpoenaed Goldman Sachs, JPMorgan, Citigroup and Bank of America over Situational Awareness, according to the New York Times and CNBC. It wants trade…
View source →This article was published on August 18, 2026 The $30bn loss has been public for three weeks. The Wall Street Journal has now reconstructed the six days behind it, including a 20% discount, a twelve-hour deadline, and a second negotiation…
View source →This article was published on August 6, 2026 Leopold Aschenbrenner’s AI fund rode the infrastructure boom to spectacular gains, then lost most of its value in a single month. Now it is back with a $400m bet. One of the most talked-about…
View source →Tier key: T0 = Primary source · T1 = Wire · T2 = Outlet report · T3 = Commentary
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