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Nobody in their right mind should give a 25-year-old $20 billion with @profplum99: "Leopold Aschenbrenner's fund, Situational Awareness, sent a letter to investors on July 24th, reporting a 439% net return for the first half of the year. But just six days later, the fund had lost roughly $35 billion in assets. Situational Awareness reportedly used as much as 400% leverage to amplify its bets.on AI infrastructure that helped the firm return more than 1,000% since its inception.