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yeah, I think the whole "water" argument really dilutes the case against data centers.
On a serious note, the argument works for areas that already struggle to supply enough water for consumers. Otherwise, we should be focusing more on the power stress to the grid, and the domino effect on supply chain of hardware cost increases that it's happening across many industries. It started with GPUs, now it's CPU, storage, networking equipment, and other components.
If these prices are too high for a couple of years, we'll start seeing generalized price increases as companies need to pass along the costs to consumers.
I think the supply chain issue is probably the most pressing out of all of them. The other points people have are either non-issues or a result of dropping usage hogs into existing electrical infrastructure. Infrastructure can be updated, though.
Supply chain is different. There isn't a supply shortage of chips, its that profitability dictates you should sell them to datacenters or adjacent industry. Unlike infrastructure where you can just build out more, adding more supply for chips just means you have more to sell to datacenters. Since the demand is there, end of day profits will always win.