You're probably thinking about jevons paradox. But you slightly mis-stated. It is the phenomenon that increasing the efficiency of resource consumption can end up increasing total consumption.
As you stated it, it would merely be a property of (nearly) all demand curves. Jevons paradox only happens sometimes. It isn't a law.
Or will more efficient algorithms just mean we run even more AI models, increasing the demand for AI chips even more?
I mean, god willing, but it'll be just as likely that we'll blissfully consume 100 million token contexts in that case.
isn't there a law for that? as things become cheaper you consume more?
Jevons paradox: https://en.wikipedia.org/wiki/Jevons_paradox
You're probably thinking about jevons paradox. But you slightly mis-stated. It is the phenomenon that increasing the efficiency of resource consumption can end up increasing total consumption.
As you stated it, it would merely be a property of (nearly) all demand curves. Jevons paradox only happens sometimes. It isn't a law.
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Jevons paradox.
https://en.wikipedia.org/wiki/Jevons_paradox
jevons paradox