JPMorgan Ends Lending Services to AI Fund "Situational Awareness"
Source:
www.ft.com
U.S. investment bank JPMorgan has terminated its lending services to AI-themed hedge fund "Situational Awareness." The fund, founded by a former OpenAI researcher, suffered massive losses and neared collapse due to AI-related leveraged investments, prompting JPMorgan to cut ties. (FT)