According to CoinMeta, the hedge fund Situational Awareness founded by former OpenAI researcher Leopold Aschenbrenner has surpassed a scale of $20 billion, with rare investment from quantitative giant Jane Street. The fund achieved a year-on-year return of 270% and has accumulated a return of over 1000% since its establishment. Recently, the fund has begun to raise new funds from existing investors and lenders, focusing on betting on AI related stocks. Although the net return for the year as of the end of June was as high as 439%, losses were also amplified due to leverage. The fund's most recent disclosures of holdings in Oracle and AMD both fell by about 20% this month. Aschenbrenner still regards this round of selling as an opportunity to replenish positions and mentioned in a letter sent to investors on July 24 that additional funding will be available on August 1st.