The Situational Awareness fiasco has triggered an avalanche of memes
Business Insider
Read full postSituational Awareness hedge fund, led by Leopold Aschenbrenner, gained 439% in early 2026 by betting on AI stocks but lost about 67% in July after a market downturn, sparking widespread memes. The firm's leveraged AI stock bets led to margin calls amid the sell-off, attracting attention from Wall Street figures like Citadel CEO Ken Griffin.



