Leopold Aschenbrenner's AI Infrastructure Fund Grows from $255M to $13.7B in Six Quarters
Summary
Leopold Aschenbrenner's Situational Awareness LP has grown from $255M to $13.7B in six quarters, making a massive bet on AI infrastructure. The fund, launched in mid-2024 after Aschenbrenner's 165-page AGI essay, has grown nearly every quarter, crossing $1B in Q1 2025 and $5B in Q4 2025, then adding $8.5B in SMH in Q1 2026. Recent filings show Nvidia and AMD puts indicating caution toward AI chip exposure, while CleanSpark holdings rose about 7x.
Source
Key quotes
· 4 pulledThe fund's 13F footprint began in late 2024 with a $255M book and grew almost every quarter.
It crossed $1B in Q1 2025 and $5B in Q4 2025, then added $8.5B in SMH in Q1 2026.
Q1 2026 also included Nvidia and AMD puts, indicating caution toward AI chip exposure.
CleanSpark holdings rose about 7x.
You might also wanna read

AI Infrastructure Investment Boom Reaches Fever Pitch, May Exceed $5.2 Trillion Forecast
McKinsey's forecast of $5.2 trillion in AI infrastructure spending over the next five years may be revised upward as investment in generativ
Four of every five dollars raised this week went to AI infrastructure. Here is what happened in the other 20 percent.
US AI Infrastructure Investment Surpasses $1 Trillion Annually as Tech Companies Race to Build Data Centers
The article examines the unprecedented investment boom in AI infrastructure in the United States, with spending on data centers, computers,

Major Tech Companies Invest Over $350 Billion in AI Amid Competitive Pressure
The article analyzes how major tech companies (Amazon, Google, Microsoft, and Meta) are making massive capital expenditures on AI investment
Together AI Raises $800 Million at $8.3 Billion Valuation for Open-Source AI Models
Together AI, an open-source AI model startup, announced an $800 million funding round at an $8.3 billion valuation, led by Prosperity7 Ventu
Meta Plans $25 Billion Bond Sale to Fund AI Investments Amid Investor Concerns
Meta is preparing a $25 billion bond sale to fund its massive AI infrastructure investments, which have caused investor concerns and trigger

Comments
Sign in to join the conversation.
No comments yet. Be the first.