Situational Awareness Invests $400 Million in Source Foundry as AUM Halves to $10 Billion
Updated
Updated · TechCrunch · Aug 9
Situational Awareness Invests $400 Million in Source Foundry as AUM Halves to $10 Billion
2 articles · Updated · TechCrunch · Aug 9
Summary
$400 million went this week into chip startup Source Foundry, lifting Situational Awareness's total investment in the Stanford-founded manufacturer to $500 million.
Source Foundry is trying to make chip production faster and cheaper, showing the AI-focused hedge fund is still backing infrastructure bets despite recent losses.
Those losses came amid a slide in AI infrastructure stocks, and by late July the fund had sold most of its public portfolio to Citadel while keeping its Anthropic stake.
Assets under management reportedly fell from $20 billion to $10 billion, underscoring the scale of the setback even as founder Leopold Aschenbrenner continues making concentrated private-market wagers.