Episode
Situational Awareness: The Full Story of Leopold's Collapse
- Podcast
- Limitless: An AI Podcast
- Published
- Aug 4, 2026
- Duration seconds
- 1555
- Processing state
not_requested- Canonical source
- https://share.transistor.fm/s/6df38699
Actions
POST https://stenobird.com/v1/public/podcasts/limitless-an-ai-podcast-7326914/episodes/situational-awareness-the-full-story-of-leopold-s-collapse/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/limitless-an-ai-podcast-7326914/situational-awareness-the-full-story-of-leopold-s-collapse.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
Leopold Aschenbrenner’s massive liquidation event followed heavy leverage and losses in its AI infrastructure bets. Today, we discuss the July timeline, the sale of the public equity book to Citadel, and the remaining Anthropic stake. ------ 🔒 Check Out Our Sponsor: LEDGER AGENT STACK 🔒 https://developers.ledger.com/docs/ai-tools/overview/?utm_source=Audio&utm_medium=Podcasts&utm_campaign=Limitless ------ 🌌 LIMITLESS HQ ⬇️ EMAIL US: [email protected] NEWSLETTER: https://limitlessft.substack.com/ FOLLOW ON X: https://x.com/LimitlessFT SPOTIFY: https://open.spotify.com/show/5oV29YUL8AzzwXkxEXlRMQ APPLE: https://podcasts.apple.com/us/podcast/limitless-podcast/id1813210890 RSS FEED: https://limitlessft.substack.com/ ------ TIMESTAMPS 0:00 Leopold’s Rise and Fall 2:41 The Unraveling Begins 4:14 Margin Calls and Liquidation 7:03 Citadel Swoops In 9:13 Hunting the Position 10:19 Aftermath 11:25 Anthropic Saves the Fund 13:44 Ken Griffin's History 16:30 Was Leopold Right? 18:41 Bear Case 21:21 Recursive Self-Improvement 22:25 Ledger 23:24 Leverage Lessons 23:59 Closing ------ RESOURCES Josh: https://x.com/JoshKale Ejaaz: https://x.com/cryptopunk7213 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures Josh works with Anthropic as a contractor. All views expressed are his own and do not represent Anthropic, its leadership, or its affiliates. Nothing in this episode is investment advice.