QQQ - Situational Awareness, the $20B hedge fund founded by former OpenAI employee Leopold Aschenbrenner, has sought to raise fresh capital
QQQ - Situational Awareness, the $20B hedge fund founded by former OpenAI employee Leopold Aschenbrenner, has sought to raise fresh capital from investors after suffering heavy losses during the recent rout in AI stocks. The fund held discussions with existing investors and lenders in recent days seeking to raise new capital, according to people briefed on the matter. The fund had also offered some investors the option to buy assets in its portfolio, the people added. One of the people briefed on the talks described them as Ad hoc, rather than a Co-ordinated effort.
QQQ - Situational Awareness, the $20B hedge fund founded by former OpenAI employee Leopold Aschenbrenner, has sought to raise fresh capital from investors after suffering heavy losses during the recent rout in AI stocks.
The fund held discussions with existing investors and lenders in recent days seeking to raise new capital, according to people briefed on the matter.
The fund had also offered some investors the option to buy assets in its portfolio, the people added.
One of the people briefed on the talks described them as Ad hoc, rather than a Co-ordinated effort.