By Rod Deluhery
Invent. Analyze. Document. Never stop. My ability is to solve problems and create value. What I have that others do not have is a knowledge of the patent process and ability to get the patent.
Innovation paradoxes. Innovation applied will create unexpected results. The expected result may not be as expected and totally unexpected process may emerge. What paradoxes will artificial intelligence create? I keep thinking, when will school children be told to use the ai consultant whenever they are need help? I can think of an AI Agent that could help many people like with gambling habits. But what other effects will it create?
Some history, to illustrate. The Jevons Paradox is an economic principle stating that as technological advancements increase the efficiency of resource use, total consumption of that resource often rises rather than falls. Because efficiency lowers per-unit costs, it unlocks new demand and makes previously unviable projects economically feasible.
Proposed by English economist William Stanley Jevons in his 1865 book The Coal Question. He observed that James Watt’s improved, highly efficient steam engines didn’t reduce coal consumption as many expected; instead, it made coal-powered production so cheap and widespread that total coal use skyrocketed.
Someone told me once that a long time ago, when nuclear power was just coming online, that it was going to make electricity free. There was actually thought that it may be free to give away electricity in the future. Because nuclear power made electrical generations so cost effective. And so such a low cost that it may become free. So low cost that it may even be free. Obviously that didn’t happen. And obviously they didn’t really think about the long term costs involved of disposal of the nuclear fuel. And I believe that still the case that in the united states, there is no long term storage of nuclear fuel. That cost is still going to be added to the price of electricity as they continue to figure out where to store used nuclear fuel in the long term.
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