Citadel acquired $16 billion in AI stocks from Leopold Aschenbrenner's Situational Awareness fund, including major Bitcoin miner positions, at

Aschenbrenner read AI right and still had to sell. Apple has looked slow for two years and it doesn't matter. The forecast was never the problem.

Leopold Aschenbrenner's AI hedge fund Situational Awareness lost 67% in July, forcing a $16 billion portfolio sale to Citadel after margin calls.