Situational Awareness正从其投资者那里筹集资金，以投入新型云初创公司Fluidstack有限公司，就在对人工智能公司的巨额杠杆押注差点导致这家对冲基金崩溃的仅仅三个月后。
Awareness is raising money from its investors to plow into neocloud startup Fluidstack Ltd., just three months after highly levered bets on artificial intelligence firms nearly led to the hedge fund’s implosion.
据一位知情人士透露，利奥波德·阿申布雷纳（Leopold Aschenbrenner）的基金正在向客户推销，让他们参与一轮融资，该轮融资将对Fluidstack估值400亿美元。这大约是这家初创公司几个月前获得的估值的一倍。
Leopold Aschenbrenner’s fund is pitching clients to invest alongside it in a fundraising round that would value Fluidstack at $40 billion, according to a person familiar with the matter. That’s roughly double the valuation the startup fetched mere months ago.
联合投资允许客户将资金投入公司旁边的特定交易，而不是投入他们的基金内部。据其他知情人士透露，其他投资者也收到了参与同一轮Fluidstack融资的邀请，这些人均要求匿名讨论私募融资事宜。
Co-investments let clients put money into specific deals alongside a firm rather than inside their fund. Other investors have also received invitations to participate in the same Fluidstack funding round, according to separate people familiar with the matter, all of whom asked not to be named discussing the private fundraise.
Situational Awareness的一位代表拒绝置评。Fluidstack的一位联合创始人对该报道提出了异议，但没有提供更多信息。
A representative for Situational Awareness declined to comment. A Fluidstack co-founder disputed the reporting, without providing further information.
此次融资发生在Situational Awareness因其公开科技投资暴跌而差点倒闭的几个月后，当时这引发了银行的追加保证金通知。该公司的确曾在某个时候权衡出售其部分私募股权——其中包括Anthropic和MatX等热门名字，以及对Fluidstack的现有押注——以便维持生存。
The fundraising comes just months after Situational Awareness nearly folded as its public tech investments plummeted, sparking margin calls from banks. The firm at one point weighed selling some of its private stakes — which include buzzy names like Anthropic and MatX in addition to an existing bet on Fluidstack — in order to stay afloat.
最终，阿申布雷纳的公司同意以折扣价将其大部分公开股票投资组合出售给肯·格里芬（Ken Griffin）的城堡投资集团（Citadel）。这笔交易在短短24小时内达成，几周后，阿申布雷纳向半导体制造初创公司Source Foundry投资了5亿美元。
Ultimately, Aschenbrenner’s firm agreed to sell the bulk of its public stock portfolio to Ken Griffin’s Citadel at a discount. The deal came together in just 24 hours, and Aschenbrenner invested $500 million in the semiconductor manufacturing startup Source Foundry within weeks.
Fluidstack成立于2017年，已从一家鲜为人知的初创公司成长为一家与主要人工智能参与者紧密相连的公司，并进行了重大战略转型。该公司此前曾宣布计划在法国建造一台“超级计算机”，但随后退出了法国的一个旗舰数据中心项目，转而专注于美国。
Launched in 2017, Fluidstack has grown from a little-known startup to a company tied to major AI players — and one that has made major pivots. It previously announced plans to build a “supercomputer” in France, only to pull out of a marquee French data center project to focus on the US.
Fluidstack筹集资金之际，投资者对新型云的融资和增长前景日益担忧，新型云是一类相对较新的公司，为大型科技公司运行密集的人工智能计算进程。
Fluidstack is raising money in the face of increasing investor concern over the financing and growth prospects for neoclouds, a relatively new class of companies that run intensive AI computing processes for big tech firms.
投资者一直在严格审查新型云为资助其迅猛增长而承担的债务，利率上升推高了它们的融资成本。这些公司在科技公司和芯片制造商的后盾和财务支持下实现扩张。
Investors have been scrutinizing the debt that neoclouds have taken on to fund their breakneck growth, with rising rates increasing their costs of financing. The companies expanded with the help of backstops and financial support from tech firms and chipmakers.
行业中最知名的新型云公司CoreWeave公司的股价上周暴跌，其债务也跌至预示着困境的水平。
Shares of CoreWeave Inc., the industry’s most prominent neocloud, plunged last week, and its debt tumbled to levels that signal distress.
Anthropic公司已承诺投入500亿美元，与Fluidstack在美国建设人工智能数据中心，其中包括位于纽约和得克萨斯州的站点。谷歌还为与Fluidstack相关的数据中心项目提供了数十亿美元的财务后盾，在谷歌推动更广泛采用其人工智能芯片之际，帮助它们获得了债务融资。
Anthropic PBC has committed to a $50 billion push to build US AI data centers with Fluidstack, including sites in New York and Texas. Google has also provided billions of dollars of financial backstops for data center projects tied to Fluidstack, helping them secure debt financing as Google pushes broader adoption of its AI chips.
Fluidstack曾表示，其在1月份的一轮融资中筹集了8.3亿美元，该轮融资由Situational Awareness领投，对该初创公司的估值为7.5亿美元。几个月后，该公司在又一轮融资中将其估值翻了一番多。
Fluidstack has said it raised $830 million in a January fundraising round that was led by Situational Awareness and valued the startup at $7.5 billion. The company more than doubled its valuation months later in an additional round.
Fluidstack在7月表示：“当我们站在奇点的事界边缘时，人类最好的机会是，拥有纠错机制、言语自由和权力制衡的民主政体，将这些相同的原则注入超级智能之中。谁能最快部署前沿计算基础设施，谁就能决定人工智能是扩大人类自由还是缩减人类自由。”
“As we stand at the event horizon of the singularity, humanity’s best chance is if democracies, with error correcting institutions, free speech, and checks on power, imbue those same principles into superintelligence,” Fluidstack said in July. “Whoever deploys frontier compute infrastructure fastest will decide whether Al expands human freedom or shrinks it.”