JPMorgan cut off Situational Awareness lending after AI losses, FT reports

JPM•2026-09-11

JPMorgan cuts off lending to Situational Awareness

JPMorgan Chase cut off its lending activity for Leopold Aschenbrenner's hedge fund Situational Awareness after large losses tied to his AI bets, the Financial Times reported on Friday.

JPMorgan cut off Situational Awareness lending after AI losses, FT reports

JPMorgan cuts off lending to Situational Awareness

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