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Former FTX Future Fund charity team members establish an AI fund to increase investments in mining companies, including Cipher Mining.

GateNews
Source: ChainCatcher

ChainCatcher reports that, according to Fortune magazine, hedge fund Situational Awareness, founded by former OpenAI researcher and former FTX Future Fund charity team member Leopold Aschenbrenner, is building positions in data infrastructure and cryptocurrency mining companies. The fund previously focused on Artificial General Intelligence (AGI), and as more crypto mining companies are repurposed for AI workloads, it has increased its investments in this area.

Its new or increased holdings include fuel cell power company Bloom Energy (currently the fund’s largest single position), AI cloud infrastructure provider CoreWeave, and another major cryptocurrency mining company Cipher Mining.

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