Situational Awareness LP
Situational Awareness LP is a San Francisco-based AI-focused long/short equity hedge fund founded by former OpenAI researcher Leopold Aschenbrenner in 2024, named after his influential essay series on AI development. The fund invests in AI infrastructure themes — including semiconductors, power, and data centers — and launched with approximately $225 million in initial capital from backers including Patrick and John Collison, Nat Friedman, and Daniel Gross.
“Ken Griffin's Citadel swooped in to acquire its public assets following Situational Awareness's collapse”
“Leopold Aschenbrenner's Situational Awareness hedge fund, a $45 billion AI investment powerhouse, dramatically collapsed. The fund, known for aggressive AI infrastructure bets, suffered immense losses”
“Assets under management reportedly grew to as much as $45 billion during their peak before the fund's positions began dropping sharply amid a broader decline in AI infrastructure investments. The fund had returned 439% for the year through June”
SourceAI-extracted from podcast / newsletter / paper summaries. May contain errors.