JPMorgan Ends Lending After AI Fund Loses 67%

10 sourcesUpdated Sep 14, 2026

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JPMorgan Chase has ended its lending relationship with Situational Awareness, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, after the fund lost 67% of its value in July. The losses followed leveraged bets on artificial-intelligence and semiconductor stocks during a global chip-stock sell-off, which triggered a margin call and forced the fund to unwind most of its public-equity positions. Situational Awareness subsequently eliminated leverage and sold much of its portfolio to Citadel, though it reportedly remained profitable for the year because of strong earlier gains. JPMorgan’s decision underscores the risks banks face when financing concentrated, leveraged trades, while Goldman Sachs, Citigroup, Bank of America and Clear Street reportedly continue to provide brokerage services to the fund.

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AI Executives Urge Slower Frontier Development

Anthropic CEO Dario Amodei argues for deliberately slowing the pace of AI capability upgrades to allow more time for alignment and safety, warning that rapid progress and incidents like the OpenAI-Hugging Face breach could enable catastrophic, botnet-enabled harm within a year or so. Other industry leaders and researchers, including OpenAI’s Sam Altman and voices like Anton Osika and Jacob Coxon, echo calls for caution, coordination, and possible pauses to address safety and governance, amid ongoing debates about the feasibility and timing of a broader slowdown.

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Short Interest Falls Across Five Stocks

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Last updatedSep 14, 2026

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Broke finanzen.at · Sep 11, 4:51 PM ETRight within the hour9 sources +3d on

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Five stocks—Replimune Group, Recursion Pharmaceuticals, Frontier Group Holdings, Lucid Group, and indie Semiconductor—showed notable declines in short interest on August 14, with short floats at 43.08%, 34.79%, 39.54%, 41.01%, and 32.43% respectively and days-to-cover ranging from about 6 to 13.37. In parallel, institutional activity shifted across these names, with large players like BlackRock, State Street, UBS, and others increasing or decreasing stakes, and insider trading across the period mostly involving sales rather than purchases.

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U.S. Calls Grow for AI Safety Rules

Blue-state leaders, led by Illinois Gov. Pritzker, are calling for swift federal AI regulation and oversight as safety concerns mount following high-profile resignations within Anthropic and other AI firms. Pritzker and allies urge Congress to hold hearings, end industry lobbying against safeguards, and coordinate comprehensive federal action to rein in AI development.

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