AT 24, HE BUILT $45 BILLION IN AI EXPOSURE - THEN LOST 67% BEFORE HIS WEDDING “I see it, I feel it, and I see the path.” Leopold Aschenbrenner believed he could see the AI future before Wall Street. His fund gained 1,551% and grew to nearly $45 billion in gross exposure. Then leverage reversed everything. “We let you down this month.” “We came closer to permanent capital impairment than is acceptable to us.” As wedding guests arrived in California, his fund sold most of its public portfolio to Citadel and removed all leverage. But he survived. The fund remained up around 80% for the year and preserved roughly $10 billion in assets, including its Anthropic stake. He correctly saw where AI was going. He failed to see how quickly leverage could take control. Five minutes with his full story may help you avoid the mistakes that cost his fund billions. Read the article below.