AI Hedge Fund Collapses as Earnings Hit Tech Giants | Bloomberg Businessweek 7/31/2026

Bloomberg — Jul 31, 20:25 PM

Hedge Fund 'Situational Awareness' is working to salvage the situation after a massive AI selloff.

Bloomberg's Hedge Fund Reporter Hema Parmar dives into what's going on and what to know about Leopold Aschenbrenner, 24-year-old investor behind the losing AI fund.

Plus, Bloomberg's Ed Ludlow breaks down the week's most impactful tech earnings reports, as Apple sees shares dive to end the week.

Then, VEON CEO Kaan Terzioglu discusses how the company's telecom networks is helping keep Ukraine connected despite years of war with Russia.

Finally, Bloomberg 'Business of Sports' Podcast Co-Host Vanessa Perdomo-Maglione and Randall Williams explain the ramifications of UEFA's vote to boycott FIFA in protest of its selloff. (Source: Bloomberg)

Read full article at Bloomberg →

AI Hedge Fund Situational Awareness Collapses

Leopold Aschenbrenner Built a Hot A.I. Hedge Fund. Then it Melted Down. The New York Times — Jul 31, 21:28 PM
Situational Awareness vs. Long-Term Capital Management: A side-by-side comparison MarketWatch — Jul 31, 22:09 PM
Citadel’s swoop on Situational Awareness helped stem a $3tn AI rout Financial Times — Jul 31, 21:46 PM
The Unwind of Situational Awareness' Stock Bets Bloomberg — Jul 31, 20:44 PM
'We let you down': Leopold Aschenbrenner's mea culpa to fund investors after near-collapse Seeking Alpha — Jul 31, 20:42 PM