JPMorgan terminates lending relationship with Situational Awareness following AI-related losses

JPMorgan (摩根大通) has ended its lending relationship with the fund Situational Awareness after the fund suffered significant losses from AI-related bets. Following a 67% drop in portfolio value in July due to a global chip stock sell-off, the fund transferred most of its public market positions to Citadel (Citadel). Other institutions, including Goldman Sachs (高盛), Citigroup (花旗), Bank of America (美银), and Clear Street (Clear Street), continue to provide brokerage services to the fund.