SynopsisSituational Awareness hedge fund is seeking new capital after significant losses. The fund experienced heavy declines as artificial intelligence stocks faced pressure. Its value dropped sharply over recent weeks due to market volatility. Several major holdings saw significant percentage decreases in their stock prices. The fund is working with prime brokers to manage its positions.Situational Awareness, the $20 billion hedge fund founded by former OpenAI employee Leopold Aschenbrenner, is seeking fresh capital after suffering heavy losses during the recent sell-off in artificial intelligence (AI) stocks, according to a Financial Times report.The report said the fund has been in talks with existing investors and lenders in recent days to raise additional capital as it navigates the market downturn.The fundraising effortNow Playing