Leopold Aschenbrenner's hedge fund, Situational Awareness, reported a significant decline of approximately 67% in July due to substantial losses in AI stocks. In an investor letter, Aschenbrenner expressed disappointment, stating, 'We let you down this month.' The firm recently backed out of a deal to sell $3.5 billion of shares in Anthropic, highlighting the challenges faced in the current AI investment landscape.

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https://www.wsj.com/finance/investing/situational-awareness-down-67-in-july-in-ai-stock-rout-cd19901f

Situational Awareness Down 67% in July in AI Stock Rout

Leopold Aschenbrenner’s hedge fund backed out of deal to sell $3.5 billion of Anthropic shares

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TV monitors at the New York Stock Exchange show Citadel’s Ken Griffin. Citadel under Ken Griffin acquired much of Situational Awareness’s stockholdings.Michael Nagle/Bloomberg News

Leopold Aschenbrenner’s hedge-fund firm Situational Awareness is down around 67% so far in July after incurring heavy losses on AI stocks, according to a person who saw a letter the firm sent to investors Thursday.

“We let you down this month,” Aschenbrenner wrote in the investor letter, the contents of which were described to The Wall Street Journal.

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Exclusive | Situational Awareness Down 67% in July in AI Stock Rout

Situational Awareness Down 67% in July in AI Stock Rout

Leopold Aschenbrenner’s hedge fund backed out of deal to sell $3.5 billion of Anthropic shares

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