Situational Awareness’ 439% Return Should Have Been a Warning

Bloomberg Opinion Columnist Aaron Brown discusses his latest piece on the collapse of AI Hedge Fund Situational Awareness. He argues "The easy story is another tech wunderkind flying too close to the sun. The more useful one is that the 439% return was a warning, not a triumph."…

Former OpenAI employee Leopold Aschenbrenner sent a letter to investors in his artificial intelligence-focused hedge fund, Situational Awareness, on July 24. He reported a 439% net return for the first half of the year, adding a postscript: This seemed like a good time to add…