The Securities and Exchange Commission is investigating Situational Awareness, the Artificial Intelligence-focused hedge fund run by a 24-year-old.

Situational Awareness LP lost roughly $35 billion in a semiconductor selloff, forcing a $16 billion fire sale to Citadel as the SEC investigates

The information being sought is related to the trading activity of the hedge fund, which came under pressure and was forced to exit many of its positions last month.