AI stock guru Leopold returns to the investment arena, splashing $500 million to back stealth chip startup Source Foundry.
1 hours ago
According to Bloomberg, citing people familiar with the matter, 25-year-old Wall Street’s rising AI stock prodigy and former OpenAI researcher Leopold Aschenbrenner has returned to the investment stage just days after his hedge fund neared collapse, splashing $400 million to back a private company backed by Sequoia Capital. The private firm, newly disclosed today, is chipmaking startup Source Foundry. The fund had previously invested $100 million in Source Foundry; with this additional $400 million, its total investment in the startup reaches $500 million. The Tuesday-completed investment is the first signal of how Aschenbrenner is resolving the crisis after his Situational Awareness fund nearly collapsed last week due to mass margin calls from multiple Wall Street lenders. Source Foundry is a stealth chipmaking startup founded in San Francisco in 2025, co-founded by Stanford materials scientist Abdulmalik Obaid (CEO) and Joe Burg. It focuses on developing simpler, lower-cost, faster semiconductor lithography and manufacturing processes and tools, aiming to challenge ASML’s extreme ultraviolet (EUV) lithography machines, bridge the massive gap between the exponential growth of AI computing power demand and the linear expansion of traditional chip production capacity, and reshape the production of advanced AI chips.
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