Citadel buys bulk of Situational Awareness stock portfolio after AI rout: Reports
CoinTelegraph·
60-second summary
Citadel is buying a significant portion of Situational Awareness' stock portfolio, reportedly worth $10 billion, following a rout in AI stocks. The deal includes Situational Awareness' stake in Anthropic. Ken Griffin's firm is acquiring leveraged public stock positions, allowing Situational Awareness to retain its assets and focus on long-term investments, potentially stabilizing the AI-focused company's financial situation.
Situational Awareness retained about $10 billion in assets, including its Anthropic stake, after reportedly selling leveraged public stock positions to Ken Griffin’s Citadel.