A hedge fund betting big on AI trading crashed hard in July, despite backing from Silicon Valley and Wall Street heavyweights — including SpaceX’s Dan Sundheim and Tiger Global’s Feroz Dewan — who gambled on a founder barely out of his twenties with no investing pedigree. The bold move underscores how allure of massive returns can trump experience in finance, even when you’ve got deep pockets and star power behind you.

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