
Someone just spent $236,000,000 on a painting. Hereβs 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, Apolloβs chief economist Torsten Slock said to expect βzero in return in the S&P 500 over the coming decade.β
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.
Itβs also had near-zero correlation with the S&P 500 since β95.*
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.
βοΈ POLICY & REGULATION
Chinaβs Perspective on A.I. Dominance: The perspectives of superpowers are diverging in the race for artificial intelligence leadership, with China displaying a contrasting approach compared to other nations. This difference in viewpoints is shaping global AI strategy and regulation. Link
Navigating the Race for Control Over Sensitive Health Data: A new examination shows competition over Americaβs sensitive health data is intensifying, with major implications for cross-border data flows and AI policy in health and biopharma. The issue is emerging as a key battleground for future regulation. Link
π‘οΈ SAFETY & SECURITY
The Risks of AI in Law Enforcement: A Case Study: A reported wrongful arrest of 17-year-old Taki Allen highlights how AI-related errors can cascade into serious justice system harms. Link
Docker AI Governance Turns Developer Laptops into Governed AI Runtimes: Dockerβs new AI Governance framework treats developer laptops as production infrastructure, giving CISOs runtime-level policy controls across sandboxing, MCP, networks, and credentials. Link
Smuggling of American Tech Components Raises Security Concerns: Reports indicate Nvidia chips and other U.S. technology are being illicitly routed to Russia, Iran, and China. Lawmakers fear the smuggling could undermine export controls and strengthen geopolitical rivals. Link
Frontier AI Models Compromise 25% of Document Content: New findings suggest frontier models corrupt 25% of document content in multi-step workflows by rewriting rather than deleting text. That makes the errors much harder to detect in real-world enterprise use. Link
π° POWER & CAPITAL
Notable Researchers Join $4 Billion Initiative for Self-Improving AI: Recursive Superintelligence, founded by former Google, Meta, and OpenAI researchers, is part of a $4 billion push to automate the creation of AI systems. The effort reflects the scale of capital now backing next-generation model development. Link
The Global Energy Challenge Amidst Iran's Conflict and AI's Power Needs: Oil shocks tied to the Iran crisis are colliding with surging electricity demand from AI infrastructure. The result is a mounting energy constraint with major implications for global AI growth. Link
AI Office Space Leases Surge in London: AI companies leased more than 450,000 square feet of London office space in April, a tenfold jump from a year earlier. The surge points to rapid physical expansion across the sector. Link
SK Hynix Approaches $1 Trillion Valuation Amid AI Demand: SK Hynix is nearing a $1 trillion market value as demand for AI memory and HBM chips fuels a sharp rise in its shares. The milestone would deepen South Koreaβs role in the global AI hardware boom. Link
ποΈ INDUSTRY IMPACT
Anthropic Surpasses OpenAI in U.S. Business AI Adoption: Anthropic has overtaken OpenAI in U.S. business adoption, with more companies paying for Claude than ChatGPT. Link
Cisco Announces Job Cuts Amid Record Revenue and AI Demand: Cisco reported record revenue and strong AI demand while announcing thousands of layoffs as it repositions for an AI-centered future. Link
Nvidia's Bryan Catanzaro Warns Against Job Cuts for AI Savings: Nvidia executive Bryan Catanzaro argues that replacing workers with AI may not deliver the cost savings companies expect. Link
AI Customer Service Bots See Rollback Rates at 74% of Firms: A new report says 74% of firms have rolled back AI customer service bots, with the rate rising to 81% among companies with mature guardrails. Link
Executives Acknowledge AI's Impact on Human Worker Value: Executives say growing reliance on AI is making them value human workers less, even as many report spending heavily on the technology without clear returns. Link
π‘ PRODUCTS & SIGNALS
Microsoft Introduces MDASH: A Multi-Model AI System Surpassing Anthropic's Mythos: Microsoft unveiled MDASH, a security system that uses more than 100 specialized AI agents across frontier and distilled models. Link
Android's New AI Feature Predicts User Actions: Android is rolling out a default-on AI feature that predicts what users will do next based on context. The update expands Googleβs push to embed anticipatory AI directly into everyday mobile experiences. Link
Notion Connects AI Agents and Custom Code to Its Workspace: Notionβs new developer platform lets teams connect AI agents, external data sources, and custom code directly inside the workspace. It marks a deeper expansion into agentic productivity software. Link
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