Novogratz Calls Aschenbrenner's AI Fund Collapse the 'Most Catastrophic Hedge Fund Blowup of Our Careers'
Mike Novogratz of Galaxy Digital called the implosion of Leopold Aschenbrenner's Situational Awareness fund a catastrophic hedge fund blowup.
A big investment fund that bet on AI companies lost almost all its money very quickly. When money managers lose huge amounts, it can make people nervous about investing in similar funds or companies.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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