B · Normal
[An AI hedge fund suffered huge losses and JPMorgan Chase terminated lending cooperation] On September 13, it was reported that the US investment bank JPMorgan Chase had terminated the provision of lending services to the AI-themed hedge fund "Situational Awareness" (Situational Awareness). The fund, founded by a former OpenAI researcher, suffered huge losses due to AI-related leverage investments and was on the verge of collapse, prompting JPMorgan Chase to cut off cooperation. Data show that global technology stocks experienced a systematic correction in July this year, and the fund's net value fell sharply, with the retracement reaching approximately 67% in a single month. (CCTV Finance)
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