Citadel Buys Bulk of Situational Awareness’ AI Stock Wagers

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessCitadel Buys Bulk of Situational Awareness' AI Stock WagersKen Griffin’s Citadel bought a big chunk of the artificial-intelligence stocks held by Situational Awareness, the hedge fund led by former OpenAI researcher Leopold Aschenbrenner.Author of the article:Katherine Burton and Sridhar Natarajan You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Ken Griffin’s Citadel bought a big chunk of the artificial-intelligence stocks held by Situational Awareness, the hedge fund led by former OpenAI researcher Leopold Aschenbrenner. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountAschenbrenner’s fund has been liquidating public equities after losses in an AI stock rout in recent weeks, according to people familiar with the matter. Situational Awareness hasn’t liquidated all of its public stocks and still has private stakes including in Anthropic PBC, said one of the people, who asked not to be identified discussing confidential talks.Representatives for Citadel and Situational Awareness declined to comment on the sale. The Wall Street Journal reported on the purchase earlier.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againMillennium Management and Jane Street Group were among firms that weighed buying the stocks but ultimately didn’t participate, other people said. AI stocks have been getting hit in recent weeks as questions mount about whether high valuations can be sustained. The tech-heavy Nasdaq 100 has begun to rebound after tumbling from its June 2 peak.Situational Awareness has been an investor in companies tied to the AI boom, including Bloom Energy Corp., semiconductor maker Sandisk Corp. and cloud service provider CoreWeave Inc. His investment firm also helped lead a funding round for MatX, an AI chip startup founded by two alumni of Google’s semiconductor business.Aschenbrenner’s fund also invested in SK Hynix Inc., which debuted on a US exchange earlier this month. But its American depositary receipts have slumped since then and are still trading below the $149 listing price.—With assistance from Todd Gillespie, Katherine Doherty and Nishant Kumar.(Updates with details on Situational Awareness’ investments starting in the sixth paragraph.)This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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