# Report says Jane Street cut risk after July AI-stock losses

_Published Sunday, August 16, 2026 at 10:18 AM EDT · Products · Latest · Tier 2 — Notable_

![An image collage containing 3 images, Image 1 shows Leopold Aschenbrenner smiling, Image 2 shows The Jane Street logo and company name in brushed metal on a white marble wall, Image 3 shows Traders on the floor of the New York Stock Exchange — Primary](https://nypost.com/wp-content/uploads/sites/2/2026/08/leopold-aschenbrenner-jane-street.jpg?quality=75&strip=all&1786733744&w=1200)

Jane Street took a reported $15 billion hit in July from exposure to the AI-focused hedge fund Situational Awareness and other technology stocks during a market selloff, according to people familiar with the matter and an employee note seen by Reuters.

The note said AI-exposed stocks declined sharply in July and that several large memory and semiconductor stocks were down about 50%. Jane Street said it had closed a significant portion of risk in the areas where it lost money and reduced risk-taking in other strategies.

The firm could not immediately be reached for comment, the report said.

## Sources

- [nypost.com](https://nypost.com/2026/08/14/business/nostradamus-of-ai-blamed-for-massive-15b-loss-at-secretive-trading-giant-jane-street/)

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Canonical: https://techandbusiness.org/newswire/2CHpLdEd5Ndx3W05h_WRCv
Published: 2026-08-16T14:18:24.346Z
Story chronology: 2026-08-14T23:16:16.000Z
Retrieved: 2026-09-30T18:31:54.548Z
Publisher: Tech & Business (techandbusiness.org)