Here’s How the AI Crash Happens

The U.S. is becoming an Nvidia-state.

Data centers in New Carlisle, Indiana
Data centers in New Carlisle, Indiana (AJ Mast / The New York Times / Redux)
Data centers in New Carlisle, Indiana
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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.