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.

Late last year, Apollo’s chief economist Torsten Slok put it this way: "expect zero in return in the S&P 500 over the coming decade."

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.

29 exits. Net annualized returns like 16.5%, 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.}

Trump and Xi to Prioritize AI Safety Discussions: AI safety is expected to be a key topic at the upcoming Trump-Xi meeting in Beijing as China continues narrowing the gap with U.S. AI models. Link

U.S. Spy Agencies Push for Greater Control Over AI Regulation: As cybersecurity threats from advanced AI models loom large, national security officials in the U.S. are advocating for more influence in the regulation of AI, challenging the Commerce Department's role. Link

China's AI Ambitions Hit a Wall with Anthropic: Anthropic denied China access to its latest AI models, underscoring the U.S. lead in advanced AI and intensifying the geopolitical contest over frontier systems. Link

Google Disrupts Hacker Group's AI Exploitation Plans: Google said it likely thwarted an attempt by a hacker group to use AI for a “mass exploitation event,” highlighting how quickly attackers are adopting AI to uncover software flaws. Link

OpenAI Launches Daybreak to Enhance Cybersecurity with AI: OpenAI introduced Daybreak, which uses frontier models and Codex as an agentic execution layer to help security teams identify, validate, and remediate vulnerabilities more efficiently. Link

IMF Issues Warning on AI Threats to Global Financial Systems: The IMF warned that rapid advances in AI could enable attacks on global financial systems, urging vigilance as frontier models become more capable. Link

Nvidia Powers Major AI Partnership Between Anthropic and SpaceX: Anthropic and SpaceX have formed a major AI infrastructure partnership centered on Nvidia hardware, with more than 220,000 GPUs planned for the Colossus 1 data center. Link

OpenAI Establishes New Company with $4 Billion Investment for AI Solutions: OpenAI is forming a new company backed by more than $4 billion to help enterprises build and deploy AI systems, and plans to acquire consulting firm Tomoro to scale the effort. Link

The Essential Components Behind Modern AI Systems: Beyond GPUs, AI data centers depend on a wide range of smaller components for data transmission, power regulation, and cooling, revealing broader supply-chain demands behind the AI boom. Link

GM Shifts Workforce to AI Focus, Lays Off Hundreds of IT Workers: General Motors is cutting hundreds of IT roles while recruiting for AI-native development, data engineering, analytics, and model-focused jobs as it retools around AI workflows. Link

AI-Driven Code Expansion: A New Standard in Linux Development: Linus Torvalds says AI-fueled productivity is driving much larger Linux kernel patch sets, potentially reshaping how core software gets built. Link

Anthropic Introduces Natural Language Autoencoders for AI Interpretation: Anthropic has developed Natural Language Autoencoders, a new approach designed to improve how researchers interpret what is happening inside AI systems. Link

OpenAI Expands Realtime API with GPT-Realtime-2 for Enhanced Voice Capabilities: OpenAI expanded its Realtime API with GPT-Realtime-2 and added new translation and transcription models to support faster, more capable AI voice agents. Link

Thinking Machines Introduces Near-Realtime AI Voice and Video Interaction Models: Thinking Machines previewed new interaction models for near-realtime voice and video conversations, aiming to make AI more collaborative by building interactivity into the model itself. Link