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JPMorgan curbed lending to Situational Awareness after AI losses, source says
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themachinestops lemmy.dbzer0.com themachinestops@lemmy.dbzer0.com
Joined: 2024-12-19
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JPMorgan Chase (JPM.N) cut off lending activity for Leopold Aschenbrenner's hedge fund Situational Awareness after large losses tied to his AI bets led to a near-collapse, ‌a source familiar with the matter told Reuters on Friday.

The AI-focused hedge fund liquidated most of its public equity holdings to Citadel after a global chip-stock rout exposed its leveraged bets to steep losses.

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Che Banana beehaw.org The_Che_Banana@beehaw.org
Joined: 2024-03-01
#2 · Quote Reply

Run roh Raggy.... Looks like the world needs to suffer because billionaires gambled again

6
newton feddit.online newton@feddit.online
Joined: 2026-04-12
#3 · Quote Reply

OK, bot

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