Situational Consciousness might have needed to dump the vast majority of its public portfolio final month, however the AI-focused hedge fund remains to be making some massive bets.
This week, the fund invested $400 million into Supply Foundry, a startup based by Stanford researchers aiming to make chip manufacturing quicker and cheaper, in accordance with The Wall Avenue Journal. That brings its complete funding in Supply Foundry to $500 million.
Situational Consciousness was based by Leopold Aschenbrenner, a former OpenAI researcher in his mid-twenties who had no buying and selling expertise when he launched the fund in 2024. Early returns have been reportedly robust, however the fund confronted steep losses in latest months amidst the decline in AI infrastructure shares.
On the finish of July, Situational Consciousness offered off the vast majority of its public portfolio to Ken Griffin’s Citadel, though the fund held on to its Anthropic shares. Its property underneath administration reportedly fell from $20 billion to $10 billion.
On the brilliant facet, Aschenbrenner didn’t let these setbacks get in the best way of his wedding ceremony.
