Situational Awareness: Leopold, Leverage, and the Case for Going Long Healthcare
What the rise and fall of the hedge fund Situational Awareness tells us about the market
Founded in 2024 by Leopold Aschenbrenner, a young German AI researcher and former OpenAI employee without previous professional investing experience, Situational Awareness rapidly became one of the hottest hedge funds on Wall Street. Aschenbrenner had already attracted attention with a sweeping 165-page essay predicting that artificial intelligence would advance at extraordinary speed. Then he raised money to trade on that conviction.
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