Government Investigators Demand Records From Banks Tied to AI Hedge Fund's Big Losses

Federal regulators have ordered Wall Street banks to hand over records tied to an AI-focused investment fund run by former OpenAI researcher Leopold Aschenbrenner. A July 2026 drop in AI-related stocks cost the fund billions. No wrongdoing has been alleged, and the fund says it will cooperate. Reuters, the NYT, the FT, and Fortune reported the investigation on August 24.