Goldman Sachs reportedly earned more than $200 million in 2026 fees from financing Situational Awareness, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, making the barely two-year-old firm its largest prime brokerage client. The fee haul shows how quickly the AI infrastructure trade moved from model-lab speculation into Wall Street leverage, and why regulators are now studying the risk controls around it.
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