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How to lose $35 Billion Dollars Betting on AI

Meta (Connect) · Sep 16, 2026 · Industry Trends

Leopold Ashen Brener's hedge fund lost $35 billion due to risky investments.

Leopold Ashen Brener, a 24-year-old hedge fund manager, faced a catastrophic loss of $35 billion shortly before his wedding. His hedge fund, which boasted significant returns, highlights the volatile nature of investments in AI and the risks associated with them.

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