TechCrunch·3 min read·medium
Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry
A
Anthony Ha
✦AI Summary
Hedge fund Situational Awareness has invested an additional $400 million into chip manufacturing startup Source Foundry, bringing its total stake to $500 million. This move comes despite the fund recently selling off a significant portion of its public portfolio following losses in the AI infrastructure sector.
Situational Awareness may have had to sell off the majority of its public portfolio last month, but the AI-focused hedge fund is still making some big bets.
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