‘AI Oracle’ held responsible for $15B loss at mysterious trading firm Jane Street

'AI Oracle' held responsible for $15B loss at mysterious trading firm Jane Street

In July, Jane Street faced a loss of $15 billion largely due to its investments in the AI-focused hedge fund Situational Awareness, along with various tech stocks affected by the market downturn, according to sources familiar with the situation and a memo reviewed by Reuters. Despite this setback, the firm has reportedly earned over $40 […]