'AI Stock God' Fund Attempted to Sell Private Equity to Meet Margin Calls This Week

BlockBeats News, July 31, according to Bloomberg, the AI-themed hedge fund Situational Awareness, founded by 25-year-old Wall Street 'AI Stock God' and former OpenAI researcher Leopold Aschenbrenner, attempted to sell some of its private equity holdings this week in a rush to raise cash to address consecutive margin call notices from lenders. Sources familiar with the matter revealed that the struggling hedge fund reached out to several venture capital firms, including Sequoia Capital and Greenoaks, in an effort to offload part of its holdings. Today's report states that after Situational Awareness saw its net asset value drop approximately 67% this month, it was forced to liquidate assets to Citadel and is now seeking new capital injections. [Original Link]