Anton Korinek
Professor, Department of Economics and Darden School of Business, University of Virginia
Senior Researcher, Complexity Science Hub Vienna
Visiting Fellow, The Brookings Institution
Economics of AI Lead, Centre for the Governance of AI
Research Associate, NBER and CEPR
Email: anton [at] korinek [dot] com
Twitter: @akorinek
Bio
Anton is a Professor at the University of Virginia, Department of Economics and Darden School of Business as well as a Visiting Scholar at the Brookings Institution, a Senior Researcher at the Complexity Science Hub Vienna, a Research Associate at the NBER, a Research Fellow at the CEPR and the Economics of AI Lead at the Centre for the Governance of AI. He received his PhD from Columbia University in 2007 after several years of work experience in the IT and financial sectors. He has also worked at Johns Hopkins and at the University of Maryland and has been a visiting scholar at Harvard University, the World Bank, the IMF, the BIS and numerous central banks.
His research analyzes how to prepare for a world of transformative AI systems and has been featured in the New York Times, Washington Post, Wall Street Journal, the Economist, and TIME Magazine. He investigates the implications of advanced AI for economic growth, labor markets, inequality, and the future of our society. In his past research, he investigated the mechanics of financial crises and developed policy measures to prevent future crises, including an influential framework for capital flow regulation in emerging economies.
Latest News
Apr 2024 Profile of my research on transformative AI published in TIME Magazine
Apr 2024 Publication of the Oxford Handbook of AI Governance (see Intro)
Nov 2023 My Testimony for the Senate's AI Insight Forum: Preparing the Workforce for an Uncertain AI Future
Apr 2023 Presentation at the IMF/WB Spring Meetings on Generative AI: Four Messages to Economic Policymakers
Dec 2021 Launched Coursera graduate course on the Economics of AI
Latest Research
Economic Policy Challenges for the Age of AI [PDF | LM Podcast (11min)], Sep. 2024.
Discusses the paradigm shift that the Age of AI will generate and examines the resulting challenges for economics and economic policyLLMs Level Up—Better, Faster, Cheaper [PDF | WP | Website | Sign Up for Updates], June 2024 Update to Section 3 of "Generative AI for Economic Research: Use Cases and Implications for Economists," Journal of Economic Literature.
Provides updated use cases for large language models in economics as of June 2024Intelligent financial system: how AI is transforming finance [BIS Working Paper | X Thread | LM Podcast (15min)], with Iñaki Aldasoro et al., June 2024
Analyzes how AI Agents and AGI will transform four main functions of the financial system, examines the risk of disruption, and evaluates regulatory responsesConcentrating Intelligence: Scaling and Market Structure in Artificial Intelligence [PDF], with Jai Vipra, Aug. 2024, revised for Economic Policy.
Examines the tendency towards market concentration in foundation models and how to balance competition and safetyScenarios for the Transition to AGI [PDF | Slides], with Donghyun Suh, March 2024.
Analyzes what the transition to artificial general intelligence would imply for output and wagesPreparing for the (Non-Existent?) Future of Work [WP | Publication], with Megan Juelfs, Oxford Handbook of AI Governance, pp. 746-776, Apr. 2024
If transformative AI makes human labor redundant, what are the economic and social implications, and how can we prepare for it?Scenario Planning for an A(G)I Future [Link | PDF], IMF Finance & Development Magazine 60(4), pp. 30-33, Dec. 2023
Makes the case that economists and policymakers need to prepare for the possibility of human-level artificial intelligenceAI's Economic Peril to Democracy [PDF | Publication], with Stephanie A. Bell, Journal of Democracy, Oct. 2023
Examines how AI could erode democracy by amplifying inequality and offers countervailing solutionsSteering Technological Progress [PDF | Slides], with Joseph Stiglitz, Oct. 2020
Analyzes how to steer technological progress in directions that complement labor rather than displacing it - cited by The Economist's Free ExchangeIntegrating Ethical Values and Economic Value to Steer Progress in Artificial Intelligence [Publication | WP], in Markus Dubber et al. (eds.), Oxford Handbook of Ethics of Artificial Intelligence, Oxford University Press, July 2020
Complementing market incentives with ethical values is crucial to steer progress in AI in a direction that is beneficial for humanity at large