JPMorgan Chase has ended its lending relationship with Situational Awareness, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, following a sharp deterioration in the fund’s portfolio, according to a report by the Financial Times.
The report cites an unnamed person familiar with the matter as saying that the decision comes after Situational Awareness suffered substantial losses on leveraged bets across the artificial intelligence and semiconductor sectors, culm...
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