SEC is investigating Leopold Aschenbrenner's Situation Awareness for leveraged AI trading spree
(Newser) -
A hedge fund that soared on the AI boom and then stumbled hard is now on the SEC's radar. Regulators have issued subpoenas to banks that financed Situational Awareness, a San Francisco firm run by 24-year-old Leopold Aschenbrenner, seeking details on its trading and borrowing practices, sources familiar with...