JPMorgan

The $35 Billion AI Margin Call: World Record, Fire Sale—and the Citadel Bailout Conspiracy

by
Leopold Aschenbrenner Situational Awareness. The $35 Billion AI Margin Call: World Record, Fire Sale—and the Citadel Bailout Conspiracy

For a man who became famous for writing about “Situational Awareness,” Leopold Aschenbrenner has just provided Wall Street with one of the most spectacular demonstrations in modern history of what happens when situational awareness meets leverage. The 25-year-old former OpenAI researcher built an extraordinary investment franchise around essentially one grand thesis: artificial intelligence would advance … Read more

July 7: The Day Gold Settlement Moves East

by
vibrant street scene in hong kong alleyway

On July 7, Hong Kong is expected to process the first settlement through its new gold clearing and settlement system — a milestone that may be remembered as the moment Asia stopped merely consuming gold and began building the financial infrastructure to price, settle, store, and control it. For generations, the gold market has been … Read more