Mark Spitznagel, who made $1B in a single day during the 2015 flash crash, warned markets are mimicking 1929. Seems extreme but we did just see the worst quarter for the S&P since 2022.

So it’s not so surprising that Vanguard and Goldman Sachs forecasted 5% and 3% annual S&P returns respectively for 2024-2034.

So, what’s something investors can actually do to diversify this week?

Almost no one knows this, but postwar and contemporary art appreciated 10.2% annually with near-zero correlation to equities from 1995–2025 overall.*

And sure… billionaires like Bezos can make headlines at auction, but what about the rest of us?

Masterworks makes it possible to invest in legendary artworks by Banksy, Basquiat, Picasso, and more – without spending millions.

28 exits. Net annualized returns like 14.6%, 17.6%, and 17.8% on works held over 1 year+. $1.3 billion invested. 500+ offerings.*

Shares in new offerings can sell quickly but…

👉 My subscribers skip the waitlist.*

^{*According to Masterworks data. Past performance is not indicative of future returns. Investing involves risk. Important Reg A disclosures: masterworks.com/cd.}

Illinois Lawmakers Consider AI Regulation Amid Industry Funding: Illinois lawmakers are debating how to regulate AI while facing heavy lobbying and campaign contributions from the AI industry. Link

House Lawmakers Discuss AI's Role in Economic Growth and National Defense: A House roundtable examined how AI could shape U.S. economic growth, labor productivity, and national defense strategy. Link

Lawmakers Introduce Over 1,500 AI Bills Addressing Safety Issues: More than 1,500 AI-related bills have been introduced in state legislatures over the past year, with many centered on safety and risks to human welfare. Link

AI Regulation: Aiming for Acceptable Risk Levels, Says UC Berkeley's Stuart Russell: Stuart Russell argues AI regulation should focus on reducing harms to an acceptable level, emphasizing the need for safe and ethical AI development. Link

Understanding AI-Enabled Threats: AI-enabled attacks behave differently from traditional cyber threats, forcing security teams to adopt new defensive approaches. Link

OpenAI Introduces GPT-5.4-Cyber for Enhanced Cybersecurity: OpenAI has launched GPT-5.4-Cyber, a model tuned for defensive cybersecurity and initially limited to vetted researchers, vendors, and organizations. Link

OpenAI Plans $20 Billion Investment in Cerebras Chips: OpenAI is reportedly set to spend more than $20 billion on Cerebras-powered servers over three years, with an option to receive an equity stake in the company. Link

Hyperscalers and Nvidia Drive $640 Billion AI Purchase Obligations: Purchase obligations tied to hyperscalers and Nvidia have surpassed $640 billion, more than doubling in the past year as AI infrastructure spending accelerates. Link

AI Infrastructure Investment: A $5 Trillion Gamble?: Apollo’s Jim Zelter warns that AI’s spending boom may not deliver strong investor returns, with U.S. data centers alone potentially needing $5 trillion to $6 trillion over five years. Link

Data Centre Delays Loom Over AI Expansion Plans: Nearly 40% of planned U.S. data center builds face potential delays, threatening AI expansion projects tied to companies including Microsoft and OpenAI. Link

China Fund Outperforms Peers with Strong AI and Healthcare Investments: A top China fund manager says the country’s AI stocks are still far from bubble territory and sees continued upside across the AI value chain and healthcare. Link

Neuralink Enables ALS Patient Kenneth Shock to Speak Again Through Thought-to-Speech Technology: Neuralink demonstrated a brain-computer interface that helped an ALS patient regain speech through thought-to-speech technology, marking a major healthcare milestone. Link

Nordic Capital Evaluates Wealth Firms for AI Resilience: Nordic Capital says rapid advances in AI are set to significantly reshape wealth management, making AI resilience a key factor in evaluating firms. Link

AI-Driven Labs: Accelerating Discoveries While Raising Ethical Questions: Autonomous, AI-driven labs could speed breakthroughs in medicine and materials, but they also raise pressing questions around safety, ethics, and human oversight. Link

Nvidia Launches AI Models for Quantum Processors, Igniting Market Frenzy: Nvidia’s launch of NVIDIA Ising, AI models for quantum processors, has sparked strong market excitement and signals a notable product milestone. Link

Anthropic's Claude Opus 4.7 Released, Reclaiming Top Spot Among LLMs: Anthropic has released Claude Opus 4.7, featuring an updated tokenizer that improves text processing efficiency and strengthens its standing in the model race. Link

OpenAI Launches Biology-Focused AI Model, GPT-Rosalind: OpenAI’s new GPT-Rosalind is aimed at biology research and reportedly outperformed GPT-5.4 on six benchmark tasks, signaling a stronger competitive push into scientific AI. Link