The Situation at Situational Awareness | Big Take

Situational Awareness, a hedge fund run by a 24-year-old hailed as “Nostradamus of AI”, swelled to $45 billion in assets until a mix of highly leveraged bets, short sellers and a market swoon threw it into crisis.

On today’s Big Take podcast, Bloomberg’s Katherine Burton and Hema Parmar join Sarah Holder to discuss how risky bets led the fund to the brink and whether the episode speaks to broader vulnerabilities among hedge funds investing in AI.

Read more:

The 24Hour Race to Salvage Situational Awareness’ AI Bets ()

Bloomberg OpinionHedge Fund’s 439% Return Should Have Been the Warning ()

Situational Awareness Returns to Investing With $400 Million Bet ()

Listen to Money Stuff PodcastNo Kiddie Pool ()

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. ()

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Katherine Burton and Hema Parmar; Edited by Jeffrey Grocott. Fact-checking by Victor Swezey and Laura Newcombe; Engineering by Sean Carter. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener () for privacy information.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Subscribe to Bloomberg Podcasts

Listen to more of The Big Take

#Bloomberg #Podcast #News #Business #Economy #TheBigTake

Follow Bloomberg Podcasts on Twitter

Visit our other YouTube channels:

Bloomberg Television

Bloomberg Originals

For coverage on news, markets and more

The Situation at Situational Awareness