Jevons Paradox Does Not Support a Bullish Thesis for AI Tech Stocks
Other
The article argues that the Jevons Paradox, which suggests that efficiency improvements can lead to increased resource consumption, does not support a bullish thesis for AI tech stocks. It suggests that the innovations enabled by DeepSeek will change the types and mix of inputs used in AI development, which will be bearish for the profitability of many incumbent US AI tech companies.
Continue Reading