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Here’s How the AI Crash Happens. America appears to be, at the moment, in a sort of benevolent hostage situation.

The U.S. is becoming an Nvidia-state.
The AI boom is visible from orbit. Satellite photos of New Carlisle, Indiana, show greenish splotches of farmland transformed into unmistakable industrial parks in less than a year’s time. There are seven rectangular data centers there, with 23 more on the way.
Inside each of these buildings, endless rows of fridge-size containers of computer chips wheeze and grunt as they perform mathematical operations at an unfathomable scale. The buildings belong to Amazon and are being used by Anthropic, a leading AI firm, to train and run its models. According to one estimate, this data-center campus, far from complete, already demands more than 500 megawatts of electricity to power these calculations—as much as hundreds of thousands of American homes. When all the data centers in New Carlisle are built, they will demand more power than two Atlantas.
The biggest lesson of the past two decades of Silicon Valley is that Meta, Amazon, and Google—and even the newer AI labs such as OpenAI—have remade our world and have become unfathomably rich for it, all while being mostly oblivious or uninterested in the fallout. They have chased growth and scale at all costs, and largely, they’ve won. The data-center build-out is the ultimate culmination of that chase: the pursuit of scale for scale itself. In all scenarios, the outcome seems only to be real, painful disruption for the rest of us.
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