JPMorgan's Michael Cembalest published the data. 65% of S&P returns since 2022 came from 42 AI-linked companies. If you're in an index fund, you're not exactly diversified - that data suggests you're concentrated in a small basket of tech stocks.

Morgan Stanley's Lisa Shalett flagged another potential problem: stocks and bonds are moving together recently. The 60/40 hedge isn't working the way it used to. Her fix? Up to 25% in alternatives.

It wasn’t mentioned directly by Shalett, but one alternative has shown near-zero correlation to the S&P since 1995. Different market. Different buyers. Different timing.

Masterworks lets you fractionally invest in shares of blue-chip works by Banksy, Basquiat, Picasso. 525+ works offered. 29 exits. $68M+ distributed back, including amount invested. Net annualized returns like 16.5%, 17.6%, and 17.8%, not including those unsold.

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^{Investing involves risk. Past performance is not indicative of future returns. See important disclosures at masterworks.com/cd.}

Elon Musk and Government Clash Over AI Anti-Discrimination Law: The justice department's lawsuit highlights a federal initiative aimed at redefining AI consumer protections, accusing it of ideological overreach. This legal battle raises questions about the regulatory landscape for artificial intelligence. Link

Trump's AI Executive Order: Early Government Access to Advanced Models Expected Soon: A new executive order from Trump is anticipated, aiming for the government to gain early access to advanced AI models amid internal White House debate. The order could significantly shape federal AI oversight and procurement. Link

Colorado Replaces Its AI Act With SB 189: Governor Jared Polis signed SB 189 on May 14, 2026, repealing and replacing the Colorado Artificial Intelligence Act. The new framework takes effect January 1, 2027, marking a major shift in the state’s AI compliance landscape. Link

Connecticut Advances AI Consumer and Employment Protections: Connecticut lawmakers passed a major AI regulation bill focused on consumer protections and employment safeguards, and it now awaits Governor Ned Lamont’s signature. The measure would add Connecticut to the growing list of states establishing formal AI guardrails. Link

Montana Weighs AI Rules for Medical Care: Montana lawmakers discussed how artificial intelligence could be used in healthcare and reviewed possible state oversight during a recent committee hearing. The debate reflects rising interest in setting safety standards for AI in clinical settings. Link

AI Ushers in New Era of Social Engineering Threats: A recent Verizon-backed report warns that AI is changing the economics of cybercrime by helping scammers and fraudsters scale attacks faster. The trend is intensifying concerns around digital safety and enterprise risk. Link

Spotify Strengthens Podcast Security Against AI Misuse: Spotify is implementing new verification measures for podcast users to combat misuse of AI-generated voices and identities. The move is designed to protect creator authenticity and reduce unauthorized AI impersonation. Link

Is Nvidia Too Big to Fail?: As Nvidia sits at the center of the AI boom, questions are mounting about the company’s outsized influence over the sector. Its dominance is prompting broader debate over concentration risk in AI infrastructure. Link

Andrej Karpathy Joins Anthropic's Pre-training Team: Andrej Karpathy, a founding member of OpenAI and former Tesla AI director, is joining Anthropic’s pre-training team. The move underscores how top research talent is reshaping the competitive balance in AI. Link

OpenAI Allocates SG$300 Million for AI Laboratory in Singapore: OpenAI will invest SG$300 million to establish an applied AI laboratory in Singapore. The expansion signals continued global capital deployment as major labs build regional footprints. Link

Workers on Edge as AI-Linked Layoffs Rise: Layoffs tied to artificial intelligence are heightening anxiety among workers and recent college graduates. Polling shows growing concern worldwide about how AI will reshape employment. Link

Special Ed Teachers Embrace AI for Customized Education Plans: A growing number of special educators are using AI to create personalized education plans for students. Early research suggests the tools could improve work quality despite risks around oversight and accuracy. Link

How ChatGPT is Influencing Diverse Domains: New data shows ChatGPT is driving increases across books, scientific papers, self-filed lawsuits, and other areas. The trends highlight how generative AI is reshaping output across multiple sectors at once. Link

AI Data Center Boom Reshapes CBRE's Role in Infrastructure: The AI data center buildout is transforming power grids, land markets, and commercial real estate economics. That shift is also turning CBRE into a more central player in AI infrastructure development. Link

AI Models for Physical Understanding: A New Frontier in Tech: A new class of “world models” is being developed to help self-driving cars and robots better understand and predict the physical world. Link

Alibaba Enhances AI Portfolio with New Zhenwu Chip and LLM: Alibaba has unveiled a more powerful Zhenwu AI chip alongside a new large language model. The release signals continued investment in vertically integrated AI infrastructure and models. Link

Google Launches Gemini 3.5 Flash, a New AI Capable of Building Software: At its annual developer conference, Google introduced Gemini 3.5 Flash, its most powerful coding and agentic AI model yet. The system is designed to autonomously execute complex tasks and build software from scratch. Link

Google Transforms Search with AI-Powered Experiences: Google is remaking Search from a list of links into an AI-first experience with conversational answers, autonomous agents, and interactive interfaces. The shift could further reduce publisher traffic across the web. Link

EnterpriseClaw Aims to Govern Autonomous Agent Deployment: Automation Anywhere has launched EnterpriseClaw, a platform designed to help enterprises deploy autonomous agents while protecting sensitive systems from uncontrolled AI behavior. The product targets governance and risk management in agentic AI rollouts. Link