Jane Street took $15 billion hit in July tied to Situational Awareness, AI selloff, sources say
· economictimes.indiatimes.com
In July, Jane Street suffered a staggering $15 billion loss amid a challenging AI-driven stock market downturn. Despite this setback, the firm has accrued more than $40 billion in revenue this year, putting it ahead of competitors. Meanwhile, AI hedge fund Situational Awareness made the tough call to liquidate its stock holdings following margin calls.
Synopsis
In July, Jane Street suffered a staggering $15 billion loss amid a challenging AI-driven stock market downturn. Despite this setback, the firm has acc...