Leopold Aschenbrenner's Situational Awareness fund lost money on AI infrastructure bets and shorts against software stocks; Ken Griffin's Citadel agreed to buy its tradable assets as the fund scrambles for cash. One person familiar with the matter said the fund had grown to about $45 billion by early July, before the losses were reflected. Shares of all four companies have fallen by more than 35% this month. The piece said the fund held talks to sell its Anthropic stake but it was unclear if the deal closed, and that a spokesperson said reports the stake was reduced were inaccurate.