From OpenAI Researcher to Hedge Fund Manager: Betting on Intel While Shorting Nvidia, TSMC, and Broadcom—Is a Shift in Power Coming?

Leopold Aschenbrenner, a 23-year-old former OpenAI researcher, has made headlines as the founder of the hedge fund Situational Awareness. During the critical Q3 2023 investment period, Aschenbrenner executed surprising trades, shorting major AI chipmakers like Nvidia, Broadcom, and TSMC, despite previously championing AI growth. His fund holds a notable put position on Nvidia, equivalent to 6.95% of the portfolio. Interestingly, he flipped from bullish to bearish on Broadcom in a short timeframe, showcasing a rapid change in strategy aligned with his concerns over AI valuation and risks. Meanwhile, Situational Awareness maintains a significant long position in Intel, betting on its potential turnaround under new leadership. Aschenbrenner’s insights are valuable for investors tracking the evolving AI landscape, making Situational Awareness a key fund to watch in 2024 and beyond amidst ongoing uncertainties in the artificial intelligence sector.

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