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00:02Former OpenAI researcher Leopold Aschenbrenner's AI-focused hedge fund
00:07plunged from about $45 billion to roughly $10 billion in assets, according to CNBC.
00:13Aschenbrenner's AI-focused hedge fund suffered heavy losses as semiconductor stocks fell,
00:19and Wall Street margin calls forced it to unwind leveraged positions.
00:23The fund sold holdings, including SK Hynix and CoreWeave, to Citadel at a discount after
00:29using as much as 400% leverage, according to reports cited by CNBC.
00:35Aschenbrenner gained prominence after publishing his 2024 Situational Awareness Essay on Artificial
00:40Superintelligence, and later launched his hedge fund with backing from prominent tech investors.
00:46Aschenbrenner previously worked at FTS Philanthropic Arm, where he helped Sam Bankman-Fried run
00:52a charity from a Bahamas penthouse before the crypto firm collapsed.
00:55For all things money, visit Benzinga.com.
00:59So for all things money, visit Benzinga.com.
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