JPMorgan Chase (JPM.N) cut off lending activity for Leopold Aschenbrenner’s hedge fund Situational Awareness after large losses tied to his AI bets led to a near-collapse, a source familiar with the matter told Reuters on Friday.
The AI-focused hedge fund liquidated most of its public equity holdings to Citadel after a global chip-stock rout exposed its leveraged bets to steep losses.
a source familiar with the matter told Reuters
Reuters are NOT an unbiased news outlet. They are the information outlet of the UK Oligarchy/elite, and they almost always use these wishywashy ‘sources’ when they are paid to lie/influence societal opinions on behalf of their rich-man club.
Not saying this couldn’t have some truth (propaganda often have a small seed of truth), but JPMorgan Chase and Leopold are in the same pro-Epstein/pro-Empire club and the Leopold kid’s losses doesn’t matter - at all…