Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
THIS EX OPENAI EMPLOYEE TURNED $225 MILLION INTO $5.5 BILLION IN 12 MONTHS.
And he did it without buying a single share of Nvidia, Microsoft or Google.
Leopold Aschenbrenner was fired from OpenAI after writing an internal memo warning that China could steal their AI models.
One month later he launched a hedge fund betting that the AI boom would create an explosive shortage of electricity and computing power, not software.
Every single bet worked.
His biggest wins:
- SanDisk: Original stake was $12.9 million in September 2025. He scaled up to 1,054,200 shares worth $250 million in Q4. That position is now worth $1.48 billion.
- Bloom Energy: His largest single position accumulated to $875 million throughout 2025. It is now worth $2.21 billion. The stock is up 150% this year alone.
- CoreWeave call options: He sized up his position by 672% in Q4 2025 alone.
- Lumentum Holdings: Up 167% year to date since he entered.
- Intel calls: A $459 million position that printed as Intel surged over 170% this year.
- Core Scientific: He built a 5.8% ownership stake worth hundreds of millions. The stock is up 84% over the past year.
- Applied Digital: Up over 260% in 2025 since he entered.
The fund grew from $225 million to $5.5 billion in 12 months. First half returns were 47% while the S&P did 6%.
His next 13F filing drops in 7 days.
Last time his positions became public, SanDisk was at $180. It is now at $1,406.