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Jevons paradox refers to a phenomenon where the consumption of resources goes up as they become more efficient to use. In the 19th century, the economist William Stanley Jevons noticed that as coal became more efficient to extract, the lower cost led to more demand and more usage. Now this 19th-century paradox is being applied to the explosion in AI usage and productivity. Microsoft CEO Satya Nadella was referring to Jevons paradox when he said, “As AI gets more efficient and accessible, we will see its use skyrocket, turning it into a…
