The First Great AI Fund Blowup Just Became an SEC Investigation
This story is from 2026-08-28. It is preserved in the archive; the latest stories are on the live feed.
Originally published on The AI Prism The Securities and Exchange Commission has subpoenaed Goldman Sachs, JPMorgan, Citigroup and Bank of America over their role in the near-collapse of the AI hedge fund Situational Awareness, according to CNBC , citing Reuters. The banks haven’t been accused of an…
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- 2026-08-28 11:00 · DEV Community — AI
The First Great AI Fund Blowup Just Became an SEC Investigation