Laser induced ultrafast demagnetization: an \emph{ab-initio} perspective
  Time-dependent density functional theory is implemented in an all electron solid-state code for the case of fully non-collinear spins. We use this to study laser induced demagnetization in Fe, Co and Ni. It is shown that this demagnetization is a two-step process: excitation of a fraction of electrons followed by spin-flip transitions of the remaining localized electrons. These results successfully explain several experimental features such as the time-lag between the start of the pulse and demagnetization and spin-flip excitations dominating the physics. We further show that it is possible to control the moment loss by tunable laser parameters like frequency, duration and intensity. 
K. Krieger, J. K. Dewhurst, P. Elliott, S. Sharma and E. K. U. Gross
cond-mat.mtrl-sci