AI Investor Fails Big on Bad Timing
Leopold Aschenbrenner wrote a famous paper about the future of AI. He tried to turn those ideas into big stock market profits. His timing was poor and he borrowed too much money to fund his trades.
His firm faced heavy losses as the market shifted. To cover these debts, he had to sell almost everything he owned to Ken Griffin’s firm, Citadel.
He might still be right about where AI is going in the long run. However, he learned the hard way that being right about technology does not guarantee success in the stock market.
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