This weeks' edition

📰 The New York Times sues Microsoft and OpenAI over ChatGPT. They claim billions in damages, alleging the AI used their articles without permission, impacting subscription and ad revenue. This lawsuit adds to OpenAI's growing list of legal challenges.

💻️ Allen & Overy team up with Microsoft and Harvey to launch ContractMatrix, a software designed to revolutionise contract drafting. It's powered by AI, cutting down contract negotiation time by hours and letting lawyers focus on strategy. Over 1,000 A&O lawyers have already put it to the test, and it's set for a wider launch with big clients in January. A&O say they’re the only law firm offering such a tool globally.

💷 UK inflation takes a surprising dip — November saw consumer prices rising at their slowest in over two years, sparking talks about potential interest rate cuts by the Bank of England (BoE). The inflation rate fell to 3.9%, lower than the expected 4.4%, thanks to reduced energy and food costs. This shift has traders betting on rate cuts next year, impacting the British pound and boosting London's big stocks. However, the BoE remains cautious, reminding everyone that inflation is still way above their 2% target.

🇸🇪 Tesla’s in trouble in Sweden as over 130 mechanics strike, protesting against Tesla's refusal to sign a union agreement. The ripple effect? Swedish unions in various sectors are joining in solidarity, with regional investors and Danish pension funds pulling back. A major labor showdown is unfolding, not just in Sweden but potentially across the US too