DeepSeek and Jevons Paradox: Tech tycoons have got the economics of AI wrong
economist.com
economist.com
"Basing the bull case for AI on the Jevons paradox is, therefore, a bet not on the efficiency of the technology but on the level of demand. [...] America’s Census Bureau finds that only 5% of American firms currently use AI and 7% have plans to adopt it in the future. Many others find the tech difficult to use or irrelevant to their line of business."