The loss of Situational Awareness
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<img alt="A brain surrounded by blue lines as though it’s connected to things ooooo" data-caption="Neither artificial nor intelligent." data-portal-copyright="" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/2026/07/STKS522_AGI_B.jpg?quality=90&strip=all&crop=0,0,100,100" />
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Neither artificial nor intelligent. </figcaption>
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<p class="has-drop-cap wp-block-paragraph">I am not by any means an expert at finance but I think I do now have some advice for people who are: Do not name your hedge fund anything that will be hilarious if it blows up. Don't use a name like "<a href="https://en.wikipedia.org/wiki/Long-Term_Capital_Management">Long-Term Capital Management,</a>" or "<a href="https://en.wikipedia.org/wiki/Amaranth_Advisors">Amaranth Advisors</a>" (named for the floral symbol for immortality). Certainly do not call yourself "Situational Awareness," which might as well just be "Hubris, Inc."</p>
<p class="wp-block-paragraph">Anyway, Situational Awareness, the hedge fund started by a 24-year-old former OpenAI employee that focuses on artificial intelligence bets, has sold <a href="https://www.reuters.com/technology/citadel-buys-most-situationals-stock-holdings-after-ai-share-rout-sources-say-2026-07-30/">most</a> or <a href="https://www.axios.com/2026/07/30/ai-hedge-fund-situational-awareness-citadel">all</a>, <a href="https://www.bloomberg.com/news/articles/2026-07-30/situational-awareness-assets-fall-to-10-billion-after-losses">depending</a> on <a href="https://www.cnbc.com/2026/07/30/leopold-aschenbrenners-hedge-fund-is-facing-steep-ai-losses.html">who's </a><a href="https://www.wsj.com/finance/citadel-buys-situational-awarenesss-stock-portfolio-after-big-losses-in-ai-5117159b?mod=hp_lead_pos3">reporting</a>, of its entire public stock portfolio to <a href="https://fortune.com/2026/03/31/ken-griffin-citadel-securities-hedge-fund-miami-wall-street-trump-republican-politics/?utm_source=sfmc&utm_medium=email&utm_campaign=NL_fortune-features_2026-3-31_108268&utm_term=fortune-features&sfmc_id=14949166">Ken Griffin</a>'s Ci …</p>
<p><a href="https://www.theverge.com/ai-artificial-intelligence/973467/ai-bet-situational-awareness-oops-stonks">Read the full story at The Verge.</a></p>
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