The SEC has subpoenaed Goldman Sachs, JPMorgan, Citigroup and Bank of America over Situational Awareness, according to the New York Times.

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.

The AI hedge fund went from "the talk of Wall Street" to "subject of federal subpoenas" faster than you can say "diversify your portfolio."