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Leopold Aschenbrenner's fund was forced to sell most of its $16 billion stock portfolio to Citadel.
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The tech giant's free cash flow crashed from $8.55 billion to $784 million, and next year's AI bill could be even bigger.
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Leopold Aschenbrenner, a former OpenAI researcher-turned-hedge fund manager, saw a dramatic decline this week in his AI-focused fund, Situational Awareness.
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The state wants the $22 billion exchange to repay customers nationwide, surrender its proceeds, and pay triple its alleged gains—plus $100,000 for each unauthorized sports bet.
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Amazon stock soars as e-commerce giant's AWS cloud business booms in 'home run' quarter Yahoo FinanceAmazon hikes 2026 capex to $220 billion due to higher memory costs CNBCAmazon.com Announces Second Quarter Results Amazon Investor RelationsAmazon soars as cloud revenue surge allays fears over ballooning AI bets Reuters
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Investors are reacting negatively to weak guidance brought on by supply-chain pressures.
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The sandwich chain's IPO was more than 10 times oversubscribed.
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