A new working paper from The Anthropic Institute, co-authored by UVA Darden Professor Anton Korinek, presents a framework for assessing the economic consequences of AI between 2026 and 2030. It models three potential paths of AI capabilities into implied paths for GDP, the labor share, wages, labor reallocation and unemployment.
Expert
Anton Korinek
Professor of Economics, Department of Economics Professor, Darden School of Business
Insights
Darden professor Anton Korinek helped organize a global statement calling for greater preparation for AI’s economic effects. The questions behind it were also part of a broader debate convened at Darden’s LaCross Institute.
In a conversation with UVA mathematician Ken Ono, Darden economist Anton Korinek warns the world may be just months away from an “AI takeoff” — a moment when advanced AI systems begin creating even more intelligent successors, threatening white-collar jobs and reshaping the global economy.
Artificial general intelligence may arrive within five years. If the predictions are right, says UVA Darden economist Anton Korinek, it's already “crunch time” for organizations and individuals.
Trends and predictions for the AI world. The importance of careful communication. Groundbreaking research using neuroscience to predict human choices. Employee disengagement and what to do about it. The importance of generalists in a tech-driven working world. Darden Ideas to Action insights draw from faculty expertise, books, research and cases.
The past year has seen a dramatic shift in the landscape for the economics of AI. Artificial intelligence has made remarkable progress, and this progress has been faster than many expected. As we enter 2023, Darden Professor Anton Korinek shares some facts and his expert opinions on the implications of these developments.
The economic base of the postindustrial world is defined by technology and service industries and the rapid way machine learning is changing them. Artificial intelligence’s influence on consumer expectation and business strategy has changed the way the workforce delivers goods and services — and is existentially changing the workforce itself.
To buffer the effects of the pandemic on the economy, the U.S. Congress has enacted a number of bipartisan COVID-19 related bills, including the CARES Act, which got a few things wrong. Darden Professor Anton Korinek shares insights on how to improve targeting and overall effectiveness of federal aid during large-scale crises.
Long before the coronavirus pandemic, advances in information technology were already fueling the rise of a handful of superstar firms that dominate the economy. COVID-19 has greatly accelerated that trend. Darden Professor Anton Korinek explores the implications of the superstar phenomenon for overall economic efficiency and, by extension, policy.
Epidemiology and economics: A smart containment strategy for COVID-19 could save the U.S. economy $10 trillion. Here: the effects of states easing lockdowns, putting a (literal) price on individual vs. societal costs of the disease, how to get the economy running and what changes to expect long-term, and why public health measures are so important.