Economy

AI and jobs
Downplays AI concerns: "No need to reduce recruitment"

Several law students at Uppsala University express to Dagens Industri a concern that AI tools will make their future careers more difficult. However, the law firm Mannheimer Swartling provides reassuring news in a comment to the newspaper. Partner Henrik Dock believes that the efficiency-enhancing tools that Legora has contributed to rather increase the workload.

- We see no need to reduce the recruitment rate. AI creates new business opportunities and allows us to continue to take on the most complex cases

Middle East crisis  Crypto market
Bitcoin retreats after the Iran attack: "Plays the role of a safety valve as usual"

This morning's American-Israeli attack on Iran has caused investors to downgrade their risk appetite, notes Bloomberg.

This is evident, among other things, in bitcoin, whose price plunged as much as 4 percent to around $63,000 during the morning, before stabilizing around $64,000.

– As usual when important events occur during the weekends, bitcoin has to play the role of a safety valve, Arctic Digital's head of analysis Justin d'Anethan told the news agency.

The second largest cryptocurrency, ether, simultaneously lost up to 4.5 percent to $1,836.

In total, $128 billion of the crypto market's value is estimated to have gone up in smoke during the morning.

At the same time, gold prices are expected to climb when trading reopens, as investors around the world seek protection in safe havens, Wealth Club's chief strategist Susannah Streeter told Bloomberg.

The new space race
Sources: Space X may file for an IPO in March

Space X may file a confidential application for an IPO with the SEC as early as March, according to information provided to Bloomberg. The listing itself could be completed in June.

The space company is said to be aiming for a valuation of $1.75 trillion – which would have made the company one of the ten most highly valued in the world. At the same time, it is said to be aiming to raise up to $50 billion, which would have made the listing the largest ever.