UK petrol prices rise to highest this year as US attacks Iran – business live

This article covers a financial story about Leopold Aschenbrenner, a 24-year-old AI investor who previously worked at OpenAI, whose hedge fund collapsed after making risky debt-fuelled bets on AI company stocks. His fund's assets dropped from $45 billion to $10 billion in less than a month, leading another hedge fund called Citadel to acquire his investments at a discount. The article illustrates how investors repeatedly back inexperienced but promising individuals in Silicon Valley, only to see them fail when markets change.