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How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days

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FOMOGRAM Editorial Desk
Aug 1, 2026
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How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days
EXECUTIVE SUMMARY

Leopold Aschenbrenner, a former OpenAI researcher-turned-hedge fund manager, saw a dramatic decline this week in his AI-focused fund, Situational Awareness.

Leopold Aschenbrenner, a former OpenAI researcher-turned-hedge fund manager, saw a dramatic decline this week in his AI-focused fund, Situational Awareness.

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