Over the past two years, artificial intelligence has generated substantial wealth, but it has also highlighted to investors that being correct about a long-term trend does not ensure success. Some of the leading beneficiaries in the AI sector have faced significant market downturns as soaring valuations, leverage, and concentrated portfolios have intersected with heightened volatility. ... Leopold Aschenbrenner's $20 Billion AI Hedge Fund has collapsed. Here’s how it continues to show an 80% increase this year.