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By Tom Blomfeld, With The, Louis Mosley is
| CityAM Verified
08 | NEWS | THURSDAY 13 AUGUST 2026 CITYAM.COM SIMON HUNT NEWS AND VIEWS FROM THE SQUARE MILE LLMS OR MEAL DEALS? BRITS SPEND TEN TIMES MORE AT TESCO THAN ON AI T AKE your pick of alarmist projections about the future of the global economy from top tech leaders. Monzo’s founder, Tom Blomfeld, reckons unemployment will surge over the next five years as more and more human output is replaced by AI. Elon Musk reckons it will be near 100 per cent in a decade. But projections are one thing.
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