The loss of Situational Awareness
The Verge Elizabeth Lopatto ● Covered by 6 sources
Situational Awareness, a hedge fund started by a 24-year-old former OpenAI employee focused on AI bets, has sold most or all of its public stock portfolio. The fund's name became ironic given its investment losses and forced liquidation. The exit marks a setback for one of the high-profile AI-focused investment vehicles launched in recent years.
Why it matters
I am not by any means an expert at finance but I think I do now have some advice for people who are: Do not name your hedge fund anything that will be hilarious if it blows up. Don't use a name like "Long-Term Capital Management," or "Amaranth Advisors" (named for the floral symbol for […]
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