Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry
TechCrunch
Despite recent heavy losses and portfolio sell-offs, AI-focused hedge fund Situational Awareness invested $400 million into chip startup Source Foundry.Summary
Despite recent heavy losses and selling off the majority of its public portfolio to Ken Griffin's Citadel, AI-focused hedge fund Situational Awareness has invested $400 million into chip startup Source Foundry. Founded by Stanford researchers aiming to accelerate and cheapen chip manufacturing, Source Foundry has now received a total of $500 million from the hedge fund. Situational Awareness, launched in 2024 by former OpenAI researcher Leopold Aschenbrenner, saw its assets drop from $20 billion to $10 billion amid declining AI infrastructure stocks.
(Source：TechCrunch)