I kind of have an idea how to do it but don't know how to follow through with proving:
Prove:
$|ab| \le \frac 12(a^2+b^2)$
This is what I have so far, not sure how to complete the proof:
Pf.
$2|ab| \le (a^2+b^2)$
$0\le a^2+b^2-2|ab| $
Then I think it has something to do with $a^2$ and $b^2$ are always positive.
By using of your work we obtain: $$a^2+b^2-2|ab|=|a|^2|+|b|^2-2|a||b|=(|a|-|b|)^2\geq0.$$ Done!