Chip stocks crash 20% in bear market territory as Leopold Aschenbrenner's $20B AI fund gets margin called; Citadel buys the liquidated portfolio while South Korea sees 1M+ accounts wiped out. Plus: frontier labs call for AI slowdown, Anthropic shreds rare books for training data, and NYC's socialist grocery store experiment launches. Leverage amplifies losses violently—a 3.5x leveraged position turned a 25% market correction into total liquidation, showing why even brilliant investors get wiped out when markets move against them.