Image: Crypto NewsLeopold Aschenbrenner: How a $45 Billion AI Fund Collapsed in Days, and What It Means for Crypto
• In late July 2026, the Situational Awareness AI fund suffered a catastrophic collapse, losing approximately three-quarters of its assets within a few days. • The crash was driven by a market shift where investors stopped funding "pipeline" potential and demanded signed contracts with creditworthy tenants. • KBW downgraded Core Scientific to Market Perform, highlighting "model-layer risk" where developers are exposed if AI lab tenants fail to meet expectations.
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