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One of Wall Street's most-watched AI investors just sold off all his stocks. Here's why

Fast Company · back to the audit

Situational Awareness—an AI-focused hedge fund run by former OpenAI researcher Leopold Aschenbrenner—made headlines on Thursday when it sold off investments and was unwinding trades after suffering massive losses on AI and software stocks, according to CNBC, who spoke with people familiar with the situation. The $24 billion hedge fund has sold the bulk of its public equities to Ken Griffin's $71 billion Citadel fund, the Wall Street Journal reported. The massive deal was reportedly forged over the last 24 hours. Situational Awareness, which has a $5 billion private stake in AI giant Anthropic, will continue to run as a private investment firm, according to the Financial Times. Aschenbrenner, a 25-year-old from Germany, launched his San Francisco-based fund in September 2024, after working on the Superalignment team at OpenAI—from which he was reportedly fired, according to Fortune.