Archegos 2.0? Star AI Investor's Fund Seeks Fresh Cash After Massive Levered Bets Blow Up

AI hedge fund Situational Awareness may have sold its public portfolio, but it still has its Anthropic shares…

Situational Awareness liquidated public holdings to Citadel; AI infrastructure losses topped 30%, halving AUM from $20B to ~$10B. Market reckoning: AI capex isn't translating to near-term revenue, forcing CTOs to re-evaluate chip and energy spending priorities.