What Would John Maynard Keynes Say About A.I.? The Keynes Bot Told Us

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-30 • Permanent link

Fractures in the global tech market have been exposed as a leading investment firm, BlackRock, reported a significant decline in its AI-related assets under management. The firm's chief investment officer, Larry Fink, attributed the decline to growing concerns over the job displacement caused by the increasing use of artificial intelligence in various industries. As a result, BlackRock's AI-focused funds saw a 12% drop in value, with some analysts speculating that this trend could continue in the coming months.

Ripples from this decline are being felt across the globe, with many experts warning that the rapid advancement of AI could lead to widespread unemployment if not addressed. The International Labour Organization has estimated that up to 75 million jobs could be lost worldwide due to automation by 2025. As a result, policymakers and business leaders are being forced to reevaluate their strategies for mitigating the negative impacts of AI on the workforce.

In the early 20th century, John Maynard Keynes predicted that technological advancements would liberate humanity from the drudgery of menial labor, allowing people to pursue more creative and fulfilling pursuits. While Keynes' vision was largely optimistic, his views on the impact of technology on employment have been vindicated in recent years. However, the rapid development of AI has also raised important questions about the distribution of the benefits and costs of technological progress.

As the world grapples with the challenges posed by AI, many experts are calling for a more nuanced understanding of the complex relationships between technology, employment, and economic growth. The next few years will be crucial in determining how we navigate this uncharted territory, with several key catalysts set to shape the future of work. One such catalyst is the upcoming release of the latest AI-powered chatbot, which is expected to revolutionize customer service and potentially displace thousands of jobs in the process.