Situational Awareness invests $400M in chip startup Source Foundry
AI hedge fund Situational Awareness, led by ex-OpenAI researcher Leopold Aschenbrenner, invested $400M in chip startup Source Foundry, bringing its total to $500M. Source Foundry was founded by Stanford researchers to make chip manufacturing faster and cheaper. The fund recently sold most of its public portfolio to Citadel after assets fell from $20B to $10B.
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