Core Insights - A 23-year-old individual, previously dismissed by OpenAI, has successfully grown his fund to over $1.5 billion within a year [1] - The fund achieved an impressive 47% return in the first half of the year, outperforming Wall Street's average by 700% [2][8] - The fund's investment strategy focuses on AI-related sectors, particularly AI semiconductors, infrastructure, and energy companies, along with some early-stage startups [10] Fund Performance - The fund's 47% return significantly surpasses the S&P 500's return of 6% and the technology hedge fund index's return of 7% during the same period [8] - The fund has attracted long-term investments from various notable investors, indicating strong confidence in its management and strategy [5] Investment Strategy - The fund's strategy, termed "ALL in AI," emphasizes investments in AI semiconductors and related sectors, while also planning small short bets to hedge against industries potentially disrupted by AI [10][12] - The fund is managed by Leopold, who has a background in mathematics, statistics, and economics, and has previously worked with OpenAI [16][18] Notable Backers - The fund has garnered support from prominent figures such as Patrick and John Collison (founders of Stripe) and Daniel Gross (from Meta's superintelligence team), enhancing its credibility [12] - The fund's name, "Situational Awareness," is derived from a report published by Leopold, predicting the arrival of AGI by 2027 [12][21] Background of the Manager - Leopold, who was born in Germany and graduated from Columbia University at 19, has a strong academic foundation [16] - After being dismissed from OpenAI for leaking internal security issues, he published a widely discussed report that contributed to his subsequent success in the investment field [19][21]