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Companies, markets and the decisions shaping the economy.

Business theguardian.com

Research finds 55% of lawyers are using AI in legal practices, up from 37% last year, though efficiency gains aren’t as high as expectedGet our breaking news email, free app or daily news podcastMore than half of Victoria’s lawyers have reported using AI in their work, according to a new study, but just over a quarter say they have reduced fees as a result of efficiency gains.They also say clients seeking advice from chatbots have added to their workload, forcing them to correct errors made by AI. Continue reading...

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Business theguardian.com

Get our breaking news email, free app or daily news podcastGas reservation policy set for lower house vote todayAustralia’s domestic gas reservation is set to be debated and voted on in the lower house today.Rather than international base companies, determining through algorithms what Australians receive, it empowers people themselves to determine what you receive on your devices, so that you should have that control.This isn’t about government having a greater role. It’s about people having a greater role, having more control themselves, and it’s deserving of support of this parliament. Continue reading...

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Business theguardian.com

Blockchain intelligence firm TRM says North Korea’s TraderTraitor hacking unit is responsible for the largest crypto theft on recordExplainer: How big a deal is this, who did it, and are investments safe?Tell us: have you been affected by the Binance hack?Full story: North Korean group blamed for biggest ever crypto heistMost major cryptocurrencies have fallen in value since news of the Binance theft broke, Coinmarketcap data shows.That includes:Bitcoin: -2.35% over the last 24 hours, to $77,940Ethereum: -3.6%, to $2,227BNB: -5.6%, to $706Solana: -2.67%, to $97Chainlink: -3.1%, to $11.02Temporarily suspended withdrawals while we complete a security revamp of the withdrawal service and its related addressesRevoked the affected address authorizationsEngaged law enforcement and blockchain intelligence partners to trace and recover fundsOur team hasn’t stopped. We’re working closely with law enforcement to ensure the matter is handled appropriately - and I’ll share what I can, as soon as I can. Continue reading...

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