{"data":{"slug":"jevons-paradox","etype":"concept","name":"Jevons Paradox","cat":"Economics & Society","subtitle":"Why efficiency can increase total consumption — the argument of 2025.","summary":"Jevons (1865) observed that more efficient steam engines increased total coal use: cheaper output finds more uses. Satya Nadella invoked it the week DeepSeek-R1 crashed NVIDIA's stock — cheaper intelligence, he argued, means vastly more intelligence consumed. The 2025 record (token prices down, token volumes and capex up) has so far behaved exactly as the paradox predicts; whether it holds at every scale is unproven.","attrs":null,"kf":null,"aliases":["Jevons effect","rebound effect"],"ticker":null,"exchange":null,"hq":null,"founded":null,"website":null,"status":null,"region":null,"asof":"2026-01-15","sources":[{"url":"https://x.com/satyanadella/status/1883753899255046301","label":"Nadella on Jevons (Jan 2025)"}]},"meta":{"found":true,"count":1,"served_from":"site cache (no live upstream calls)","as_of":"2026-10-14T02:58:44+00:00","disclaimer":"Research and information only — not investment advice. Structured records carry basis labels (vendor spec / reported / estimate); market quotes are delayed/indicative.","attribution":"Records compiled from vendor documentation, official filings and reputable public reporting; market quotes via financial data providers. See /data-sources."}}