SEC Launches Probe into AI Hedge Fund Situational Awareness After Near-Collapse

Situational Awareness, an AI-powered hedge fund that had gained significant attention on Wall Street, is now under investigation by the U.S. Securities and Exchange Commission. The fund, which was once celebrated as a standout player in AI-driven investing, reportedly came close to collapse before attracting federal scrutiny. The SEC has issued subpoenas as part of its probe into the firm. The rapid fall from prominence to regulatory investigation marks a dramatic turn for the high-profile fund.