Situational Awareness Pitches Investors on Fluidstack Fundraise

Situational Awareness is pitching its investors to participate in a fundraising round for neocloud startup Fluidstack Ltd. According to a source familiar with the matter, the round would value Fluidstack at $40 billion, marking approximately double its valuation from mere months prior. The move comes just three months after highly levered bets on artificial intelligence firms nearly caused the hedge fund to implode. Open article →