News chronological

Showing 6 items before 1160862

Filters Applied:

AXIOS (Dan Primack) - AI-focused hedge fund sells all of its stocks

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…

In what market context did the sale of Situational Awareness's stock portfolio occur?
The sale occurred amidst a recent sell-off in AI stocks, with the losses specifically noted in chipmakers.
Q&A ID 02b79988-f477-49d9-928f-18caaa8ce784
Why has Situational Awareness reportedly sought to raise new capital from investors?
According to a report by the FT, Situational Awareness sought to raise fresh capital after suffering heavy losses during a recent rout in AI stocks.
Q&A ID 078845ca-d781-46a6-81aa-0bd83f131362
Who were some of the early investors in the hedge fund Situational Awareness?
Early investors included Stripe cofounders Patrick and John Collison, former GitHub CEO Nat Friedman, and ex-Apple employee Daniel Gross.
Q&A ID 2608d6e2-8e65-47b7-92e5-359b101918ab
What were the reported assets under management for Situational Awareness prior to its recent developments?
The hedge fund recently reported having approximately $20 billion in assets under management.
Q&A ID 12dea86e-1f1f-4776-94b7-a2c2769249ea
Who is the founder of the hedge fund Situational Awareness and what is his professional background?
Situational Awareness was founded by Leopold Aschenbrenner, a former OpenAI researcher who was fired from OpenAI in 2024 following an alleged information leak that he disputes.
Q&A ID 52006d7a-4f86-4553-bcaf-38a5d55f6a11
What major transaction has the AI-focused hedge fund Situational Awareness recently completed?
Situational Awareness has sold its entire public equities portfolio to Ken Griffin's Citadel, according to a source.
Q&A ID 8e014668-f8e7-4b7e-83d9-1f64909c29b7
Keywordssituational-awarenesscitadelken-griffinaihedge-fundopenaileapold-aschenbrennerstock-marketequity-saleai-stockstech-industryfintechinvestmentmarket-routchipmakersopenai-alumnistripenat-friedmancapital-raisingfinance

THEAMERICANCONSERVATIVE (David Brady) - Technology Stocks Face Uncertainty Following Previous Day Sell-Off

State of the Union: Worries over an AI bubble and rate hikes helped to drive down tech stocks. The post Technology Stocks Face Uncertainty Following Previous Day Sell-Off appeared first on The American Conservative .

The NASDAQ composite index ended Tuesday down 2.2 percent, a dive driven by falling tech stocks. AI and chip stocks spearheaded the decline, with key companies like Tesla (TSLA ), and Nvidia (NVDA ) down 5.82 and 3.91 percent respectively over the past five days.  One key driver of the decline was fear ahead of earnings reports from Micron Technology, a key chipmaker, after market close on Wednesday. Micron fell 13 percent on the day, alongside the South Korean chipmakers Samsung Electronics and SK Hynix, which fell 12 percent over the same period.  These declines come as major AI companies, OpenAI and Anthropic, plan to offer shares on the public markets, raising questions about their long-term profitability.  Corporate Investment in…Open

Keywordstech-stocksstock-marketnasdaqaiartificial-intelligencenvidiateslamicron-technologysamsung-electronicssk-hynixopenaianthropicai-bubblefederal-reserveinterest-ratesbig-techchipmakerswall-streetfinancial-marketsinvestmentprofitabilityeconomic-newstech-sectorstanford-universitymarket-volatility

AXIOS (Dan Primack) - What's driving Trump to pursue a slice of the AI windfall

President Trump is pursuing a Bernie-like interest in having the U.S. government take stakes in AI giants — not out of populism, but with a dealmaker's eye for profit. Why it matters: Having the government take equity in private companies — anathema to free-market capitalism and Republican dogma about "picking winners and losers" — has become a defining feature of Trump's second term. - The U.S. government now owns shares of chipmakers, miners and quantum computing companies, often taking a stake in exchange for federal money that was originally meant to come with no ownership strings attached. - Trump said Friday that he "should be a stockbroker," pointing to his administration's recent deal to take a stake in Intel. By the…

Keywordstrumpbernie-sandersaiartificial-intelligencetechus-politicsintelopenaianthropicbig-techgovernment-equityeconomic-policyindustrial-policywealth-creationdavid-sackssriram-krishnansovereign-wealth-fundchipmakersquantum-computingbusiness-trendsmarket-volatilityred-green-axiscapitalismderegulationtech-policy