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Citadel buys Situational Awareness's entire public-equities portfolio after AI losses

Situational Awareness, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, sold its entire public-equities portfolio to Ken Griffin's Citadel, Axios reported Thursday, citing a source. The firm recently reported about $20 billion in assets under management. The sale followed a recent sell-off in AI stocks, especially chipmakers. The Wall Street Journal first reported the transaction. The Financial Times reported a day earlier that Situational Awareness was seeking fresh capital after suffering heavy losses during the AI-stock rout. Aschenbrenner founded Situational Awareness after leaving OpenAI in 2024. Early investors included Stripe co-founders Patrick and John Collison, former GitHub chief executive Nat Friedman and former Apple employee Daniel Gross.
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Axios The Wall Street Journal Financial Times The Daily Hodl ibtimes.com International Business Times UK Seeking Alpha calcalistech.com
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Axios, The Wall Street Journal, Financial Times, The Daily Hodl, ibtimes.com, International Business Times UK, Seeking Alpha, calcalistech.com and reviewed by the T&B editorial agent team.
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