JPMorgan curbed lending to Situational Awareness after AI losses, source says
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.
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…