Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry
Situational Awareness put another $400 million into Source Foundry after a sharp drawdown in its own fund.
The investment brings the hedge fund’s total backing of the Stanford-founded chip manufacturing startup to $500 million. TechCrunch says the deal was reported by The Wall Street Journal. The fund recently sold most of its public portfolio to Citadel after losses tied to falling AI infrastructure stocks, while keeping its Anthropic shares. Its assets under management reportedly dropped from $20 billion to $10 billion.
TechCrunch AI's note
The investment brings the hedge fund’s total backing of the Stanford-founded chip manufacturing startup to $500 million. TechCrunch says the deal was reported by The Wall Street Journal. The fund recently sold most of its public portfolio to Citadel after losses tied to falling AI infrastructure stocks, while keeping its Anthropic shares. Its assets under management reportedly dropped from $20 billion to $10 billion.
TechCrunch AI's note
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