Implosion of Situational Awareness has Wall Street betting the bottom is in for the AI trade

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The U.S. stock market is concluding a volatile month as Situational Awareness, a high-flying hedge fund led by a young AI wunderkind, has reportedly collapsed. This implosion has led Wall Street investors to bet that the AI trade has finally reached its bottom. The situation highlights the risks associated with AI-driven financial ventures and the irony of naming hedge funds in ways that become humorous upon their eventual failure or total financial blowup.
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