
Someone just spent $236,000,000 on a painting. Here’s why it matters for your wallet.
Late last year, a Klimt sold for the highest price ever paid for modern art at auction.
An outlier sure, but it wasn't a fluke. U.S. auction sales grew 23.1% in 2025. The $1-5mm segment even grew 40.8% YoY.
Now, the S&P, teetering on all time highs, just posted its worst quarter since 2022, oil was up 94% (briefly), and Moody's puts recession odds at 48.6%.
Each environment is unique, but after dot-com, post war and contemporary art grew about 24% annually for a decade. After 2008, about 11% for 12 years.
It’s also had near-zero correlation with the S&P 500 since ‘95.*
Now, Masterworks lets you invest in shares of artworks featuring legends like Banksy, Basquiat, and Picasso.
$1.3 billion invested across over 500 artworks.
28 sales to date.
Net annualized returns on sold works held 12 months+ like 14.6%, 17.6%, and 17.8%.
Shares can sell quickly, but my subscribers can skip the waitlist:
*Investing involves risk. Past performance is not indicative of future returns. See important Reg A disclosures at masterworks.com/cd.
⚖️ POLICY & REGULATION
Utah Explores AI for Prescription Refills, Raising Regulatory Questions: Utah’s initiative to allow AI-generated prescription refills is prompting broader debate over how healthcare regulators should oversee clinical AI tools. Link
California Implements New AI Procurement Certification Requirements: California Governor Gavin Newsom's executive order directs state agencies to create new AI procurement certification requirements for vendors seeking state contracts, giving government AI guardrails more enforcement power. Link
Missouri AI Regulation Bills Face Federal Pressure: Missouri lawmakers’ efforts to regulate AI content have stalled amid pressure and uncertainty from the federal government, complicating the state’s next steps on AI legislation. Link
🛡️ SAFETY & SECURITY
Anthropic Launches Mythos, a New AI Model for Cybersecurity: Anthropic has introduced Mythos, its most advanced AI model, built for defensive cybersecurity tasks. The launch is drawing attention because of the model’s sophisticated capabilities and the broader safety concerns surrounding such systems. Link
NSA Integrates Anthropic's Mythos AI Model: Reports that the NSA is using Anthropic's Mythos highlight how quickly advanced cyber-focused AI is being adopted inside government security operations. Link
💰 POWER & CAPITAL
Jeff Bezos Secures $10 Billion in AI Lab Funding: Jeff Bezos is nearing a $10 billion funding round for his AI startup, which is developing models designed to understand the physical world. Link
Nvidia Projects AI Sales to Hit $1 Trillion: Jensen Huang says Nvidia’s Blackwell and Vera Rubin sales could reach $1 trillion, signaling a major AI market inflection point as inference becomes more central than training. Link
Nvidia Invests in Silicon Photonics to Meet AI Demands: Nvidia is making significant investments in silicon photonics as AI infrastructure pushes beyond the limits of copper-based data transmission. Link
Amazon to Invest Up to $25 Billion in Anthropic: Amazon plans to invest up to $25 billion in Anthropic, while Anthropic commits to spending $100 billion on Amazon technologies used to build and deploy AI systems. Link
🏛️ INDUSTRY IMPACT
Microsoft Partners with Construction Unions to Drive AI Adoption: Microsoft has partnered with construction unions to expand AI use in the sector, aiming to improve efficiency and modernize a traditionally slower-moving industry. Link
Internal Tensions Emerge at Google DeepMind Over AI Tool Adoption: Google’s push for internal AI adoption is creating friction among employees, particularly around uneven access to tools like Anthropic’s Claude. Link
Pittsburgh Emerges as a Key AI Ecosystem Driven by Carnegie Mellon: Pittsburgh is becoming one of the most important AI hubs in the U.S., powered by Carnegie Mellon and a growing local ecosystem, though concerns remain that the broader state could fall behind. Link
Why Most Enterprise AI Initiatives Are Struggling: Many enterprise AI rollouts are faltering because LLMs were never designed to operate as full business systems, exposing a gap between hype and practical implementation. Link
📡 PRODUCTS & SIGNALS
Anthropic's Mythos AI Model Addresses Reader Questions in Live Q&A: Bloomberg reporters answered reader questions about Anthropic’s new Mythos model, offering additional context on one of the most closely watched AI releases of the month. Link
OpenAI's GPT 5.5 Pro: A Closer Look at 'Spud' and Its 3D Capabilities: Leaked details suggest OpenAI’s GPT 5.5 Pro, codenamed Spud, could offer stronger coding and interactive 3D simulation capabilities than rival models. Link
Moonshot AI Introduces Kimi K2.6 Model Targeting Long-Horizon Coding Tasks: Moonshot AI’s new Kimi K2.6 model is aimed at multi-step, complex engineering work, arriving just ahead of DeepSeek’s anticipated V4 coding model. Link
LY Corp Introduces Free AI Assistant 'Agent i' on Line & Yahoo! Japan: LY Corp has launched a free AI assistant called Agent i across Line and Yahoo! Japan, expanding consumer-facing AI services in one of Asia’s largest internet markets. Link
Have any feedback? Send us an email



