New York Times:

Sources and filings: Situational Awareness lacked an investment risk team; after the sell-off, the SEC sent subpoenas to major banks about trades they financed  —  A meltdown at Situational Awareness, an A.I.-focused investment firm, is raising tough questions about the Wall Street banks that lent billions to the upstart firm.

New York Times:

Sources and filings: Situational Awareness lacked an investment risk team; after the sell-off, the SEC sent subpoenas to major banks about trades they financed  —  A meltdown at Situational Awareness, an A.I.-focused investment firm, is raising tough questions about the Wall Street banks that lent billions to the upstart firm.

Source: TechMeme
Source Link: https://www.techmeme.com/260930/p19#a260930p19