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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://social.coop/users/eloquence/statuses/113901790094398124">Erik Moeller (eloquence@social.coop)'s status on Tuesday, 28-Jan-2025 03:57:38 JST</a><a href="https://social.coop/@eloquence" title="eloquence@social.coop"><img src="https://gnusocial.jp/avatar/19047-48-20221107124923.webp" width="48" height="48" alt="Erik Moeller" style="position: absolute; left: 0; top: 0;">Erik Moeller</a></section><article><p>I don't believe the NVDA market wipe will last, tbh. Microsoft's Nadella is right to cite <a href="https://en.wikipedia.org/wiki/Jevons_paradox" rel="nofollow noreferrer">https://en.wikipedia.org/wiki/Jevons_paradox</a> - there'll be plenty of use for all that compute capacity the industry is building out (whether those uses are socially beneficial is, of course, an altogether different question).</p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/4459432#notice-8728478">In conversation</a><time datetime="2025-01-28T03:57:38+09:00" title="Tuesday, 28-Jan-2025 03:57:38 JST">about 3 months ago</time> <span>from <span><a href="https://social.coop/@eloquence/113901790094398124" rel="external" title="Sent from social.coop via ActivityPub">social.coop</a></span></span><a href="https://social.coop/@eloquence/113901790094398124">permalink</a><h4>Attachments</h4><ol><li><article><header><div>Domain not in remote thumbnail source whitelist: upload.wikimedia.org</div><h5><a href="https://en.wikipedia.org/wiki/Jevons_paradox">Jevons paradox</a></h5><div></div></header><div>In economics, the Jevons paradox (; sometimes Jevons effect) occurs when technological progress increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the falling cost of use induces increases in demand enough that resource use is increased, rather than reduced. Governments, both historical and modern, typically expect that energy efficiency gains will lower energy consumption, rather than expecting the Jevons paradox.
In 1865, the English economist William Stanley Jevons observed that technological improvements that increased the efficiency of coal use led to the increased consumption of coal in a wide range of industries. He argued that, contrary to common intuition, technological progress could not be relied upon to reduce fuel consumption.
The issue has been re-examined by modern economists studying consumption rebound effects from improved energy efficiency. In addition to reducing the amount needed for a given use, improved efficiency also lowers the relative cost of using a resource, which increases the quantity demanded. This may counteract (to some...</div><footer></footer></article></li></ol></footer></blockquote>

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Erik Moeller (eloquence@social.coop)'s status on Tuesday, 28-Jan-2025 03:57:38 JST Erik Moeller
I don't believe the NVDA market wipe will last, tbh. Microsoft's Nadella is right to cite https://en.wikipedia.org/wiki/Jevons_paradox - there'll be plenty of use for all that compute capacity the industry is building out (whether those uses are socially beneficial is, of course, an altogether different question).
In conversationabout 3 months ago from social.cooppermalink
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  Jevons paradox
  In economics, the Jevons paradox (; sometimes Jevons effect) occurs when technological progress increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the falling cost of use induces increases in demand enough that resource use is increased, rather than reduced. Governments, both historical and modern, typically expect that energy efficiency gains will lower energy consumption, rather than expecting the Jevons paradox. In 1865, the English economist William Stanley Jevons observed that technological improvements that increased the efficiency of coal use led to the increased consumption of coal in a wide range of industries. He argued that, contrary to common intuition, technological progress could not be relied upon to reduce fuel consumption. The issue has been re-examined by modern economists studying consumption rebound effects from improved energy efficiency. In addition to reducing the amount needed for a given use, improved efficiency also lowers the relative cost of using a resource, which increases the quantity demanded. This may counteract (to some...

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