Situational Awareness, the hedge fund making headlines, explained

By Elisabeth Buchwald, CNN (CNN) — For years, Situational Awareness was closely tracked by Wall Street, members of the AI community and its founder’s fiercest followers. Outside those circles, however, the multibillion-dollar hedge fund remained largely unknown. But that was before it began unraveling this week. Situational Awareness was founded in 2024 by German-born Leopold