The AI fund founded by former FTX Future Fund charity team members increases investment in mining companies, adding to holdings in Cipher Mining and others.
Foresight News reported, according to Fortune Magazine, that Situational Awareness, a hedge fund founded by former OpenAI researcher and former FTX Future Fund charity team member Leopold Aschenbrenner, is building positions in data infrastructure and cryptocurrency mining companies. Previously, the fund focused on Artificial General Intelligence (AGI), but as more crypto mining companies are being repurposed for AI workloads, the fund has increased its investments in this sector.
Its new or increased holdings include: fuel cell power generation company Bloom Energy (currently the fund's largest single holding), AI cloud infrastructure provider CoreWeave, and another major cryptocurrency mining company Cipher Mining.
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