Reading up on Citadel
4 deep · digging since jul 31
- When Genius Fails—The Intellectual Arrogance of the AI Labs
The piece argues that frontier AI labs' overconfidence leads to reckless bets and misguided claims, exemplified by a collapsed hedge fund and AI models breaching security.
- His Wedding Guests Were Arriving—Just as His $45 Billion Fund Was Falling Apart - WSJ
Leopold Aschenbrenner’s $45 billion AI‑focused hedge fund collapsed under excessive leverage just as his wedding guests arrived, forcing a fire‑sale of holdings to Citadel.
- Floundering A.I. ‘Nostradamus’ Hedge Fund Is Rescued by Rival
Situational Awareness, a high‑flying AI hedge fund founded by a 24‑year‑old, has been rescued by rival Citadel, whose founder Kenneth Griffin facilitated the bailout.
- Exclusive | Citadel Buys Situational Awareness’s Stock Portfolio After Big Losses in AI - WSJ
Citadel purchased Situational Awareness’s leveraged stock portfolio after AI‑related losses forced the hedge fund to sell holdings to meet margin calls.