Leopold Aschenbrenner, a former OpenAI researcher, has again bought call options on AI-related companies through his hedge fund, Situational Awareness, according to Techub News, citing BeInCrypto. The positions include AMD, Bloom Energy, CoreWeave and SK Hynix.
The move comes after the fund suffered a sharp drawdown in July this year, when a leveraged bet on AI stocks cut its assets from a peak of more than $45 billion to about $10 billion. This time, the report said, the return to call options caps downside at the premium paid for the contracts.
Aschenbrenner is known for a 2024 essay that argued AI could reach human-level intelligence by 2027. His portfolio has been built around companies tied to AI computing capacity and power supply. On Friday, the stocks named in the report traded in different directions: Bloom Energy rose nearly 7%, AMD gained nearly 3%, while SanDisk and CoreWeave fell. It remains unclear whether the new options purchases were funded with remaining cash or newly raised capital.
Leopold Aschenbrenner, a former OpenAI researcher, has again bought call options on AI-related companies through his hedge fund, Situational Awareness, according to Techub News, citing BeInCrypto.
The fund returned to call options tied to AI names
The report said the fund recently bought call options on AMD, Bloom Energy, CoreWeave and SK Hynix. Aschenbrenner has built the portfolio around companies that provide computing capacity and power for AI.
Earlier leveraged trade cut assets sharply in July
Situational Awareness saw its assets fall from a peak of more than $45 billion to about $10 billion in July this year after making a leveraged bet on AI stocks.
Aschenbrenner is known for a 2024 essay that predicted AI would reach human-level intelligence by 2027.
Friday trading was mixed across the stocks mentioned
On Friday, the stocks moved in different directions. Bloom Energy rose nearly 7%, and AMD added nearly 3%. SanDisk and CoreWeave fell.
The report said the latest use of call options limits potential losses to the cost of buying the options. It is still unclear whether Aschenbrenner used remaining cash or newly raised funds for the trades.
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