🚨HUGE: An ex-OpenAI researcher's $45 BILLION hedge fund just collapsed to $10 BILLION. Situational Awareness had borrowed up to four times its own capital to bet on AI infrastructure. When those stocks sank in July, margin calls from its banks forced it to start selling. Ken Griffin's Citadel bought the bulk of the portfolio at a discount. The fund was down about 67% in July and is still up around 80% on the year, per Bloomberg.(Coin Bureau)