The AI fund is about to collapse, yet it still pours $500 million into a chip startup? After the Situational Awareness Fund spent several days on the verge of collapsing, it added another $400 million to Source Foundry, bringing its total investment to $500 million. The company claims it wants to make simpler, cheaper chips based on different physical principles. With AI compute power already being fought over so intensely, how could anyone still be betting from the ground up? That’s an enormous gamble, isn’t it?