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AI & Enterprise

AI cuts billable hours, putting pressure on law firms\' hourly billing model

Artificial intelligence is shaking the hourly billing model that underpins many law firms in the UK and Ireland as lawyers use AI to handle more work with fewer resources. Firms report lower costs as AI takes over administrative tasks, while repeated work is increasingly automated. Industry figures say complex advice still needs human judgment, and AI hallucinations raise accountability risks. Firms are also rethinking junior training, hiring and how to use time saved by AI.

Crypto

Bitcoin could reach $457,000 by 2030 as long-term optimism grows

A forecast says Bitcoin could reach $457,000 within four years if it maintains a long-term growth trend. Bitcoin analyst Mark Harvey, citing a power-law model, projected an annual average growth rate of about 54 percent. The estimate is based on a current price near $82,830 and implies about 53 percent compound annual growth. Other models show different midpoints, and researchers are divided on whether such models can reliably predict future prices.

AI & Enterprise

Startups race to build in-house AI models as fintech joins in

Startups are accelerating efforts to develop their own AI models rather than rely on those from OpenAI and Anthropic, driven by cost pressures, a desire to cut dependence and a push for greater control. Legal AI startup Harvey launched an in-house model based on Moonshot AI’s open-weight Kimi K3 after its gross margin turned sharply negative. Healthcare, customer support, fintech, coding and design startups are also building or considering custom models.