
Bloomberg: "No reliable safe havens." Billionaires have been investing elsewhere. Here's how to get in.
Bloomberg's Marcus Ashworth wrote plainly recently: "No more reliable safe havens."
After all, the S&P fell over 7% from the February peak. Bonds, even with less risk, are barely keeping pace with inflation.
So-called "diversified" portfolios have gotten hit from multiple directions.
Meanwhile, the worldβs wealthiest have been setting records in another asset class.
Circumstances are always unique, but after the dot-com bust, it grew roughly 24% annually for a decade. After 2008, roughly 11% annually for 12 years.
Blue-chip art.
Why? It trades globally in multiple currencies, has scarce supply, and has shown near-zero correlation to equities since 1995.*
With Masterworks, 70,000+ investors allocated $1.3B fractionally across 500+ artworks featuring Banksy, Basquiat, and Picasso.
Accredited? You can invest in a diversified portfolio of postwar and contemporary art alongside two other real assets. From 2017-2025, the mix wouldβve beat the S&P 500 by 3.1x.
See if you can improve your portfolio performance all in one diversified strategy.
*According to Masterworks data. Investing involves risk. Past performance is not indicative of future returns. Important Reg A disclosures: masterworks.com/cd
βοΈ POLICY & REGULATION
AI Super PACs Intensify Influence in Congressional Primaries: Rival tech-backed super PACs are stepping deeper into congressional primaries, highlighting how AI industry factions are using political spending to influence the lawmakers who may shape upcoming regulation. Link
Pope Leo's Groundbreaking Encyclical Calls for AI Regulation: In a comprehensive 42,300-word encyclical, Pope Leo emphasizes the necessity for increased regulation of artificial intelligence to address its potential dangers. This marks the first major papal text focusing on the implications of AI. Link
Trump's AI Executive Order: A Win for Big Tech: President Trump's decision to reverse calls for a safety review of new AI models has provided a green light for the unchecked power of big tech companies, marking a significant shift in regulatory approach towards AI governance. Link
State
Illinois Senate Advances Bill Targeting Powerful AI Models: Illinois lawmakers moved forward a bill aimed at regulating the most advanced AI models, part of a broader push to establish guardrails similar to proposals in other major states. Link
Iowaβs New AI Law Seen as a First Step, Not a Final Fix: Iowa has enacted new AI legislation, but advocates say it leaves important gaps unresolved, especially around protections for children and other vulnerable users. Link
Pro-AI Super PAC Expands Kentucky Senate Spending: Leading the Future, a pro-AI super PAC backed by Marc Andreessen and Ben Horowitz, has raised more than $125 million and is increasing its investment in Kentuckyβs Senate race, underscoring how AI-aligned political money could shape future state and federal policy debates. Link
Missouri Session Ends Without AI Rules: Missouri lawmakers adjourned the 2026 legislative session without passing any AI regulations, leaving the state without a new governance framework despite mounting concern over the technologyβs risks. Link
State Tech Laws Taking Effect in 2026 Will Reshape AI Oversight: A wave of new state technology laws set for 2026 will change how Americans interact with AI, apps, devices, and online services, signaling a major shift in the regulatory landscape. Link
Ohio Senate Passes Watermarking and Child Safety AI Bill: Ohio senators approved bipartisan legislation requiring watermarks on AI-generated content and banning obscene AI material involving minors, marking a significant step in state-level AI oversight. Link
South Dakota Regents Build AI Rules for State Universities: The South Dakota Board of Regents is developing an AI strategy through 2026β27 that includes shared tools, privacy standards, and usage guidelines for public universities. Link
π‘οΈ SAFETY & SECURITY
AI Risks Still Loom Large, Warns Anthropic Co-Founder: Jack Clark has cautioned that AI continues to pose significant risks to human existence, emphasizing that the threat has not been eliminated. He highlighted the ongoing dangers associated with AI developments. Link
Anthropic's Claude Mythos Preview Identifies Over 10,000 Critical Vulnerabilities: Anthropic's AI model, Claude Mythos Preview, has detected over 10,000 critical vulnerabilities in system-critical software while collaborating with around 50 partners as part of Project Glasswing. Link
Researchers Question Whether AI Companion Chatbot Rules Go Far Enough: As states propose new rules for AI companion chatbots, researchers warn that many policies may be moving ahead without enough evidence to ensure meaningful user protections. Link
π° POWER & CAPITAL
AI Giants Gear Up for Wall Street Showdown: IPOs of SpaceX, OpenAI and Anthropic: Elon Musk, Sam Altman, and Dario Amodei are set to compete for Wall Street's strongest financial backing as the initial public offerings of SpaceX, OpenAI, and Anthropic approach. This competition is poised to test the depths of the current AI boom. Link
OpenAI Prepares for Self-Training AI with New Hiring Initiative: OpenAI and Sam Altman are actively seeking candidates for a role aimed at preparing the company for the development of AI that can train itself. This move comes as part of their efforts to automate AI research. Link
ποΈ INDUSTRY IMPACT
CEOs Anticipate AI-Driven Layoffs: Survey Reveals 99% Expect Workforce Changes: A recent survey indicates that 99% of CEOs foresee layoffs driven by automation within the next two years, as many leaders believe that humans and machines are unlikely to coexist in the workforce. Link
Nick Bostrom Warns of AI Threats to Jobs and Existential Risks: Transhumanist thinker Nick Bostrom expresses concern over the potential dangers artificial intelligence poses to white-collar workers and the existential crisis it may trigger. He also acknowledges the positive contributions of AI to research and healthcare. Link
AI Debate Takes Center Stage at Cannes 2026: At the Cannes 2026 film festival, a heated debate over AI saw filmmakers and talent both commend and criticize its use. The discussions illuminated the ongoing tensions surrounding the controversial technology as industry figures engaged with its implications. Link
π‘ PRODUCTS & SIGNALS
NVIDIA Launches Gated DeltaNet-2: Enhancing Linear Attention Mechanisms: NVIDIA has introduced Gated DeltaNet-2, featuring linear attention with channel-wise erase and write gates. This new model has demonstrated superior performance compared to KDA and Mamba-3, operating at 1.3 billion parameters. Link
Anthropic Expands Access to Mythos-Class AI Models: Anthropic has announced plans to release its Mythos-class models to a broader audience, extending access to more users including government entities. However, the AI flaw-finder remains restricted as the company works on establishing necessary guardrails. Link
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