One of Wall Street’s most-watched AI investors just sold off all his stocks. Here’s why

Situational Awareness—an AI-focused hedge fund run by former OpenAI researcher Leopold Aschenbrenner—made headlines on Thursday when it sold off investments and was unwinding trades after suffering massive losses on AI and software stocks, according to CNBC, who spoke with people familiar with the situation. Fast Company has reached out to Situational Awareness for comment. The $24 billion hedge fund has sold the bulk of its public equities to Ken Griffin’s $71 billion Citadel fund,...