This $2 Billion Hedge Fund Led By a Former OpenAI Researcher Is Betting Against All Semiconductor Stocks Except These 2 Industry Giants

Advances in artificial intelligence (AI) have the power to create huge opportunities for some businesses, while completely disrupting others. A company that can't adapt to the changing environment stands to fall behind or see its products or services made obsolete by tech-driven alternatives.Leopold Aschenbrenner, a former OpenAI researcher turned AI influencer, aims to use his expertise in the field to identify winners and losers from the development of artificial intelligence. He started a hedge fund dubbed Situational Awareness last year, and it's quickly grown to more than $2 billion in assets under management.The fund revealed a massive hedge against the entire semiconductor industry in its most recent 13F filing with the SEC. At the same time, Aschenbrenner maintained his biggest position in one chipmaker while adding to his position in another important AI semiconductor stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool