Quartz·2 min read·medium
An ex-OpenAI researcher's AI hedge fund collapsed from $45 billion to $10 billion in a week
✦AI Summary
An AI-focused hedge fund founded by a former OpenAI researcher saw its valuation plummet from $45 billion to $10 billion in one week. The fund was forced to sell off leveraged positions in AI infrastructure stocks to Citadel at a significant discount.
The fund, which peaked at $45 billion this month, was forced to sell leveraged bets on AI infrastructure stocks to Ken Griffin's Citadel at a discount
businessaieconomy
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