Citadel's founder this week reprised his role as one of Wall Street's rescue buyers, stepping in to salvage California hedge fund Situational Awareness as it buckled under souring bets on artificial intelligence stocks.

Aschenbrenner’s AI hedge fund Situational Awareness sold its public stocks to Citadel after leveraged AI bets collapsed. It keeps its Anthropic stake.

Citadel acquires a stock portfolio from Situational Awareness LP after AI losses, as Leopold Aschenbrenner's fund navigates volatility despite