AI Prodigy Blew Up $35B on 400% Leverage. Now He Wants Fresh Capital
Leopold Aschenbrenner's AI hedge fund burned ~$35B in weeks as 400%-leveraged bets on AI infrastructure stocks triggered margin calls and a discounted fire sale to Citadel. The 25-year-old is now courting existing backers and lenders for fresh capital while keeping private stakes like Anthropic. Tellingly, Silicon Valley is rallying around him.