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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.
Y Combinator (YC), the renowned startup accelerator and venture capital firm, has welcomed Tom Blomfield as its newest group partner. With a track record of founding and leading two billion-dollar companies, Tom brings a wealth of experience and expertise to YC’s community of founders. Blomfield’s journey with YC began in 2011 when he participated in the accelerator program with GoCardless, an online payments processor for the Direct Debit system.
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