Situational Awareness Liquidates Positions Amid Heavy Losses in AI and Software Bets

Fund closes trades and seeks liquidity after significant losses on AI infrastructure longs and software shorts, potentially selling Anthropic stake.

Woofun AI reports that Situational Awareness, a hedge fund led by former OpenAI researcher Leopold Aschenbrenner with $24 billion in assets under management, is closing multiple positions and raising capital following sharp declines in AI concept stocks. The fund has incurred substantial losses on long bets in AI infrastructure, including SK Hynix, and short positions against software firms like Adobe.

Insiders indicate the fund is negotiating asset sales to meet margin calls or liquidating its portfolio. It is attempting to raise liquidity by selling stakes in unlisted companies, including shares in Anthropic. While the specific size of the intended Anthropic sale remains unknown, potential buyers have expressed interest in acquiring part or all of the stake.