
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.
Meanwhile, Apollo’s chief economist Torsten Slock said to expect ‘zero in return in the S&P 500 over the coming decade.’
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
OpenAI's Political Strategy Explained by Chris Lehane: Chris Lehane provided insights into OpenAI's approach to intertwining government, business, and AI in a recent interview. He discussed how the organization is positioning itself within the political landscape and the implications this could have for future AI integration in various sectors. Link
Colorado Governor to Sign New AI Disclosure Bill Amidst Regulatory Challenges: Governor Polis has announced plans to sign a streamlined AI bill that replaces a broader legislation originally set to take effect this summer. This move concludes a challenging period for lawmakers aiming to regulate AI systems, especially concerning potential discrimination against applicants. Link
AI Lobbying Efforts Intensify as OpenAI and Anthropic Expand Reach: OpenAI and Anthropic are boosting their presence in Washington by opening new offices and hiring more lobbyists, increasing their spending significantly to influence federal lawmakers. Link
🛡️ SAFETY & SECURITY
Microsoft Introduces MDASH: A New AI-Powered Cyber Defense System: Microsoft has announced a significant advancement in AI-driven cyber defense with the introduction of a multi-model agentic scanning system, codenamed MDASH. Link
Former OpenAI Researcher Cautions on AI's Loyalty: Daniel Kokotajlo, a former OpenAI researcher, discusses the definitions of AGI and superintelligence, emphasizing the potential shift in dynamics as AI agents become a reality. Link
Trust Issues: Microsoft Research Indicates AI Weakens Document Integrity Over Time: A new research paper reveals that AI is prone to degrading work documents in longer workflows, suggesting a lack of reliability when used as a delegate for complex tasks. Link
💰 POWER & CAPITAL
Anduril's Valuation Hits $61 Billion Following $5 Billion Funding Round: Anduril, a start-up focusing on AI-backed weapons, has secured $5 billion in funding, bringing its valuation to $61 billion, which is double its worth from a year ago. Link
The $10 Trillion AI Showdown: Nvidia vs. Alphabet: Artificial intelligence is generating trillions of dollars in value for major American companies, with Nvidia and Alphabet in a competitive race to reach a valuation of $10 trillion. Link
Isomorphic Labs Secures $2.1 Billion for AI Drug Discovery Expansion: Isomorphic Labs, supported by Google and Thrive Capital, has raised $2.1 billion to enhance its AI-powered drug discovery platform, focusing on expediting clinical trials and addressing various diseases. Link
AI IPO Boom: California Eyes Tax Windfall from Industry Giants: Upcoming IPOs for major AI firms like OpenAI, Anthropic, and SpaceX are projected to generate billions in tax revenue for California. Link
🏛️ INDUSTRY IMPACT
Sam Altman Faces Elon Musk in High-Stakes Trial Over OpenAI's Founding Mission: Sam Altman, chief executive of OpenAI, is defending the company against allegations from Elon Musk that it betrayed its founding mission. Link
AI Power Users Are Delivering Higher-Value Work, Says Microsoft Report: According to Microsoft’s 2026 Work Trend Index, ‘frontier professionals’ are distinguishing themselves by creating higher-value work and determining when to utilize AI in their processes. Link
Albany Med First to Use AI-Powered Platform for Brain Surgeries: Albany Medical Center is now the first hospital globally to implement a new AI-driven surgical platform for performing complex brain surgeries. Link
Hong Kong Startup Launches AI-Powered Nano-Rockets for Drug Delivery: METiS TechBio has debuted on the Hong Kong stock market, with its CEO drawing comparisons between the biotech firm and SpaceX, emphasizing its innovative approach in using AI to create nano-rockets designed for delivering life-saving drugs. Link
China’s AI Suppliers Struggle to Meet Demand Amid Component Shortages: China's artificial intelligence hardware suppliers are facing challenges in keeping up with the rapidly growing demand for their products due to ongoing component shortages. Link
📡 PRODUCTS & SIGNALS
Google's Gemini Intelligence Repositions as Core Android Feature: Google's recent announcements indicate that Gemini Intelligence is transitioning from primarily a chatbot to becoming a foundational intelligence layer within Android. Link
Microsoft's MDASH: A Multi-Model AI System with 100 Specialized Agents: Microsoft has introduced MDASH, a security system that employs over 100 specialized AI agents, utilizing both frontier and distilled models for enhanced performance. Link
Meta AI App Introduces New Features with Muse Spark: Meta has enhanced its AI application by replacing its Llama models with the newly launched Muse Spark. This update aims to provide improved functionalities and user experience. Link
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