On August 21, Ken Griffin, founder and CEO of Citadel, issued an investor letter regarding the AI fund Situational Awareness. Griffin stated that over 80% of the original portfolio risk of Situational Awareness, with a total market value exceeding $4 billion, has been unwound through nearly 100 large trades, quickly exiting most vega risk. In a letter to clients on Friday, Griffin wrote, "Such a large-scale transaction would not have been possible without the collaboration of the trading and prime brokerage teams serving both companies. I am very grateful for their focused efforts to swiftly complete the portfolio transfer." Griffin also confirmed that the company's flagship multi-strategy Wellington fund had a return of 5.94% in July, which CNBC previously reported as the fund's best monthly performance since 2022.
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Citadel Founder: Over 80% of Situational Awareness Original Portfolio Risk Sold
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Telegram Renames Gram Wallet to Money and Launches for All Users
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Blockchain.com Seeks Approval for Prediction Markets and Cryptocurrency Derivatives Trading
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Zcash Development Team Plans to Introduce Quantum-Resistant Signatures in January
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BTC Surpasses $83,000
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On October 9, the Central Committee of the Communist Party of China and the State Council issued the 'Opinions on Developing New Quality Productive Forces.' The opinions mention the comprehensive implementation of the 'AI+' initiative. This includes promoting the transformation of traditional industries through artificial intelligence, accelerating the development of new-generation intelligent terminal applications such as smart connected new energy vehicles, AI smartphones and computers, and humanoid robots. It aims to speed up innovation in digital intelligence technologies like artificial intelligence, break through foundational theories and core technologies, and strengthen the efficient supply of computing power, algorithms, and data. The strategy involves tailored approaches based on local conditions and industry-specific policies to layout national pilot bases for AI industry applications and high-value application scenarios, vigorously promoting the application of AI across various sectors. Additionally, it emphasizes the establishment of a technology monitoring, risk warning, and emergency response system to ensure that artificial intelligence is safe, reliable, and controllable. -
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