SEC AI hedge fund collapse investigation
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SEC probes AI hedge fund Situational Awareness
The government reportedly warned banks to preserve any information about Situational Awareness.
Situational Awareness told the New York Times it would cooperate to the fullest extent with any regulatory request.
Situational Awareness is led by Leopold Aschenbrenner, a twentysomething OpenAI alum.
SEC subpoenas Wall Street banks over AI hedge fund near collapse
The SEC has subpoenaed several major Wall Street banks over their role in the near-collapse of hedge fund Situational Awareness.
Citadel bought Situational Awareness's positions at a discount of around 10%.
The banks subpoenaed include Goldman Sachs, JP Morgan, Citigroup and Bank of America.
AI hedge fund Situational Awareness reported to have sold public portfolio, retains Anthropic shares
According to Bloomberg, Aschenbrenner's appeal for fresh capital did not garner the commitments he had hoped for.
Aschenbrenner was dismissed from OpenAI over what it described as an improper disclosure of internal information.
In a July 24 letter to investors, Aschenbrenner called the selloff one of the best buying opportunities since early last year.