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Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry

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Situational Awareness may have had to sell off the majority of its public portfolio last month, but the AI-focused hedge fund is still making some big bets.

This week, the fund invested $400 million into Source Foundry, a startup founded by Stanford researchers aiming to make chip manufacturing faster and cheaper, according to The Wall Street Journal. That brings its total investment in Source Foundry to $500 million.

Situational Awareness was founded by Leopold Aschenbrenner, a former OpenAI researcher in his mid-twenties who had no trading experience when he launched the fund in 2024. Early returns were reportedly strong, but the fund faced steep losses in recent months amidst the decline in AI infrastructure stocks.

At the end of July, Situational Awareness sold off the majority of its public portfolio to Ken Griffin’s Citadel, although the fund held on to its Anthropic shares. Its assets under management reportedly fell from $20 billion to $10 billion.

On the bright side, Aschenbrenner didn’t let those setbacks get in the way of his wedding.

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NiMet ​‌⁠​‍‍⁠⁠‌‍​‍‍‍​‌​‌​forecasts three-day cloudiness, sunshine nationwide from Monday 

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The Nigerian Meteorological Agency (NiMet) has predicted cloudy and sunny weather conditions across the country from Monday to Wednesday.

NiMet’s weather outlook released in Abuja on Sunday forecast sunny skies with patches of clouds over the northern region on Monday.

The agency predicted thunderstorms accompanied by moderate rains over parts of Taraba, Adamawa and Kaduna states during the morning hours.

It also forecast thunderstorms with moderate rains over parts of Borno, Bauchi, Gombe, Jigawa, Katsina, Kano, Kaduna, Adamawa and Taraba states in the afternoon or evening.

For the North-Central region, NiMet predicted thunderstorms accompanied by moderate rains over parts of Plateau, Niger, Nasarawa and the Federal Capital Territory during the morning hours.

It forecast thunderstorms with moderate rains over parts of Kogi, Benue, Plateau, Niger, Nasarawa states and the FCT later in the day.

According to NiMet, moderate rains are expected over parts of Ondo, Ogun, Cross River, Akwa Ibom, Rivers, Lagos and Bayelsa states in the morning.

It forecast moderate rains across the entire southern region later in the day.

For Tuesday, NiMet predicted thunderstorms accompanied by moderate rains over parts of Zamfara, Sokoto, Kebbi, Adamawa and Taraba states in the northern region during the morning hours.

The agency forecast thunderstorms with moderate rains over parts of Borno, Jigawa, Yobe, Bauchi, Gombe, Kano, Katsina, Kaduna, Taraba and Adamawa states later in the day.

He stated, “For the North-Central region, thunderstorms accompanied by moderate rains are expected over parts of Niger, Kwara states and the Federal Capital Territory in the morning hours.

“Later during the afternoon or evening hours, thunderstorms with moderate rains are anticipated across the region.”

For the southern region, NiMet forecast light rains over parts of Cross River, Delta, Bayelsa, Akwa Ibom, Lagos and Rivers states during the morning hours.

It anticipated thunderstorms with moderate rains across the entire region later in the day.

The agency predicted partly cloudy skies over the northern region on Wednesday, with chances of thunderstorms accompanied by light rains over parts of Bauchi, Jigawa and Yobe states during the morning hours.

It forecast thunderstorms with moderate rains across the region during the afternoon and evening hours.

NiMet also predicted sunny skies with patches of clouds over the North Central region during the morning hours.

“Thunderstorms with moderate rains are expected over the entire region later in the day. For the southern region, a cloudy atmosphere is expected over the region, with prospects of light rains over parts of Edo, Cross River, Delta, Bayelsa, Akwa Ibom and Rivers states during the morning hours,” it said.

NiMet anticipated thunderstorms with moderate rains over the entire region later in the day.

The agency urged the public to take adequate precautions and fasten loose objects to prevent collisions, as strong winds might precede rains in areas where thunderstorms are likely to occur.

It warned that continuous rains expected over coastal areas of the South could trigger flash floods.

“Drivers should avoid driving or wading through flood waters. Driving under heavy rain should be avoided.

“Disconnect electrical appliances from electrical sockets. Stay away from tall trees to avoid impact from falling branches and broken trees,” it advised.

NiMet advised airline operators to obtain airport specific weather reports from the agency for effective planning of their operations.

It also urged citizens to stay informed through its weather updates and visit its website, www.nimet.gov.ng, for more information.

(NAN)

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Tobi Amusan Wins 100m Hurdles at Grand Prix Brescia

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Nigerian sprint hurdler Tobi Amusan continued her impressive campaign with victory in the women’s 100m hurdles at the Grand Prix Brescia in Italy.

Sports247 reports that Amusan clocked 12.56 seconds to take the top spot despite competing into a stiff -1.7m/s headwind, producing a strong performance under challenging conditions.

The Nigerian was pushed by American hurdler Alaysha Johnson, who finished second in 12.62 seconds, while Jamaica’s Ackera Nugent completed the podium after crossing the line in 12.75 seconds.

Amusan’s winning performance underlines her consistency and competitive strength in an event where margins are often decided by hundredths of a second. Her 12.56s was six hundredths faster than Johnson and 19 hundredths ahead of Nugent.

The adverse wind conditions made the achievement even more notable, with the -1.7m/s headwind presenting an additional challenge for all three athletes.

For Amusan, the Brescia victory provides another valuable competitive outing as she continues to build momentum in the 100m hurdles.

The Nigerian has established herself among the world’s leading hurdlers, and performances such as this further reinforce her status as one of Africa’s premier track and field athletes.

Johnson’s 12.62s earned her a strong second-place finish, while Nugent’s 12.75s secured third as the leading trio separated themselves from the rest of the field.

With the season progressing, Amusan’s ability to produce a 12.56s winning time against a significant headwind will provide encouragement ahead of her next assignments.

The victory also adds another international success to the Nigerian star’s résumé, keeping her firmly in the spotlight as the global women’s hurdles season gathers pace.

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