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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…

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

YOUTUBE (The Hill) - Musk’s xAI SUES MN over ‘NUDIFICATION’ law (Plus: El-Sayed support IN JEORPARDY?) | RISING

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0:00 Doctor Fauci's legacy of lies exposed: Robby Soave | RISING 13:00 Elon Musk's xAI sues Minnesota over 'nudification' technology ban | RISING 24:15 Israel spends millions in reputation cleanup campaign: Report — Lindsey Granger | RISING 37:13 'Anti-American sentiment': Abdul El-Sayed support from Michigan Dem Rep in Jeopardy | RISING 44:16 'Absolute power': Mark Zuckerberg warns of AI centralization | RISING About Rising: Rising is a weekday morning show with bipartisan hosts that breaks the mold of morning TV by taking viewers inside the halls of Washington power like never before. The show leans into the day's political cycle with cutting edge analysis from DC insiders who can predict what is going to happen. It also sets the…

THENATIONALPULSE (Pulse Wires) - UK PM Burnham Refuses to Commit to 3% Defense Spending Target.

New British Prime Minister Andy Burnham has not committed to increasing defence spending to 3 percent of GDP by 2030.

New British Prime Minister Andy Burnham’s reluctance to commit to a three percent of GDP defense spending target by 2030 has raised national security concerns. PULSE POINTS WHAT HAPPENED: New British Prime Minister Andy Burnham has refused to commit to increasing defense spending to three percent of GDP by 2030. DETAIL: On Wednesday, Prime Minister Burnham failed to provide a commitment to increase defense spending to three percent of GDP (Gross Domestic Product) by 2030. Instead, Prime Minister Burnham pledged to increase Britain’s “core defense” budget to 3.5 percent of GDP by 2035—by which point he will be entering his late sixties and likely out of office. Core defense refers to fundamental military capabilities and…Open