I compared the Full-State Perception Fund with the SPY index; running the data revealed that AI hype is all nonsense

When the news first broke, I was wondering what kind of trick this "Full-State Perception" fund was pulling. A hedge fund started by former OpenAI researchers, shrinking from $45 billion to $10 billion, blown up by high leverage. Honestly, I'm not surprised at all. I've seen too many AI industry hype cycles over the years. Today, I'll run through some actual data using Python to compare this fund's operational logic with index funds, and see who's really swimming naked.