Situational Awareness, an AI -focused hedge fund founded by a former OpenAI researcher, has sold all of its public equities portfolio to Ken Griffin's Citadel, a source tells Axios. Why it matters: This comes amidst a recent sell-off in AI stocks, particularly chipmakers. - News of a sale was first reported by the WSJ . Catch up quick: Former OpenAI researcher Leopold Aschenbrenner founded Situational Awareness after being fired from OpenAI in 2024, over an alleged information leak that he disputes. It recently reported around $20 billion in assets under management. - Early investors included Stripe cofounders Patrick and John Collison, plus former GitHub CEO Nat Friedman, and ex-Apple employee Daniel Gross. Zoom in: Just yesterday, the…
Situational Awareness, an AI -focused hedge fund founded by a former OpenAI researcher, has sold all of its public equities portfolio to Ken Griffin's Citadel, a source tells Axios. Why it matters: This comes amidst a recent sell-off in AI stocks, particularly chipmakers. - News of a sale was first reported by the WSJ . Catch up quick: Former OpenAI researcher Leopold Aschenbrenner founded Situational Awareness after being fired from OpenAI in 2024, over an alleged information leak that he disputes. It recently reported around $20 billion in assets under management. - Early investors included Stripe cofounders Patrick and John Collison, plus former GitHub CEO Nat Friedman, and ex-Apple employee Daniel Gross. Zoom in: Just yesterday, the…Open
The disease has killed more than 1,500 people in the Democratic Republic of Congo in just over two months, causing deaths faster than officials have ever recorded.
The White House and President Trump's Board of Peace believe Hamas could sign an agreement in the coming days to begin disarming and demilitarizing the Gaza Strip , four sources familiar with the matter tell Axios. Why it matters: A signed agreement would represent a dramatic breakthrough in implementing Trump's 20-point Gaza peace plan . But Hamas has yet to approve the deal, and Israeli officials and Western diplomats remain deeply skeptical that the group will follow through on its commitments. State of play: The decommissioning of Hamas' weapons is the key precondition for Gaza's new Palestinian technocratic government to assume power and for the long process of reconstruction to begin. - Large parts of Gaza were destroyed during…
The White House and President Trump's Board of Peace believe Hamas could sign an agreement in the coming days to begin disarming and demilitarizing the Gaza Strip , four sources familiar with the matter tell Axios. Why it matters: A signed agreement would represent a dramatic breakthrough in implementing Trump's 20-point Gaza peace plan . But Hamas has yet to approve the deal, and Israeli officials and Western diplomats remain deeply skeptical that the group will follow through on its commitments. State of play: The decommissioning of Hamas' weapons is the key precondition for Gaza's new Palestinian technocratic government to assume power and for the long process of reconstruction to begin. - Large parts of Gaza were destroyed during…Open
With a democratic socialist, Francesca Hong, leading in polls, former Lt. Gov. Mandela Barnes said he was ending his campaign in the closely divided state.
Authorities are looking into whether Iran or hackers associated with the country could be behind the water system attacks, multiple U.S. officials said.
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer held a high-level video call with China's vice premier to prepare for the September visit of its president, Xi Jinping, Axios has learned. Why it matters: The call sets the stage for President Trump and Xi to sign future trade deals between the U.S. and China. Zoom in: The cordial video conference call between Bessent, Grier and Chinese Vice Premier He Lifeng lasted more than an hour. - "I emphasized that we expect Beijing to fully meet its commitments on rare earths and U.S. agricultural products," Bessent told Axios in a written statement. - "We also discussed implementation of the Trade and Investment Boards as a mechanism to secure concrete progress toward…
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer held a high-level video call with China's vice premier to prepare for the September visit of its president, Xi Jinping, Axios has learned. Why it matters: The call sets the stage for President Trump and Xi to sign future trade deals between the U.S. and China. Zoom in: The cordial video conference call between Bessent, Grier and Chinese Vice Premier He Lifeng lasted more than an hour. - "I emphasized that we expect Beijing to fully meet its commitments on rare earths and U.S. agricultural products," Bessent told Axios in a written statement. - "We also discussed implementation of the Trade and Investment Boards as a mechanism to secure concrete progress toward…Open
Scientists have found smallpox viruses in the remains of people in Chile from around 500 years ago, revealing how the virus may have evolved into a global killer.
Oscar winner Ben Affleck and "Jeopardy!" champion Jamie Ding teamed up on "Who Wants to be a Millionaire?" and won big for Ben's non-profit the Eastern Congo Initiative.