A 25-year-old AI betting prodigy, Leopold Aschenbrenner, once turned $1 billion into $45 billion with his hedge fund Situational Awareness—riding the AI infrastructure wave with jaw-dropping returns. But when the market turned, his leverage-heavy bets collapsed, slashing assets to $10 billion. Despite warnings and pleas for more cash, the tide turned. Now, Citadel’s Ken Griffin has swooped in, buying up most of his public holdings—a classic market move to capitalize on falling assets. Still, Aschenbrenner holds a $5 billion private stake in Anthropic, potentially poised to rebound if the AI giant goes public. The young genius’s meteoric rise—and fall—may be far from over.
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