Drudge Retort: The Other Side of the News
Friday, July 31, 2026

Former OpenAI researcher Leopold Aschenbrenner's AI hedge fund, Situational Awareness, collapsed from $45 billion to around $10 billion in assets on falling semiconductor stocks and mounting margin calls. Driven by reported leverage of up to 400%, the 20-something manager was forced to sell off all his leveraged public stock bets " including hard-hit names like SK Hynix and CoreWeave " to Ken Griffin's Citadel at a discount.

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Two years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly.

In a sprawling, 165-page essay that became required reading in Silicon Valley, the former OpenAI researcher positioned himself as a kind of prophet for the coming age of artificial super intelligence.

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