Jane Street took $15 billion hit in July tied to Situational Awareness, AI selloff, sources say

In July, Jane Street suffered a staggering $15 billion loss amid a challenging AI-driven stock market downturn. Despite this setback, the firm has accrued more than $40 billion in revenue this year, putting it ahead of competitors. Meanwhile, AI hedge fund Situational Awareness made the tough call to liquidate its stock holdings following margin calls.