In economics, the Jevons paradox occurs when technological progress increases the efficiency with which a resource is used, but the falling cost of use induces increases in demand enough that resource use is increased, rather than reduced.
Yes but it will also mean that people wouldn't need cutting edge NVIDIA chips - it will be able to run on older node chips. Or from different manufacturers. So NVIDIA wouldn't be able to command the margins they do now.
It may be great news for VRAM manufacturers tough.
https://en.wikipedia.org/wiki/Jevons_paradox
In economics, the Jevons paradox occurs when technological progress increases the efficiency with which a resource is used, but the falling cost of use induces increases in demand enough that resource use is increased, rather than reduced.