Sure, but it's simply not physically possible for AI to be consuming that much power. Not enough computers exist, and not enough ability to manufacture new ones fast enough. There hasn't been a giant surge of new power plants built in just the past few years, so if something was suddenly drawing an India's worth of power then somewhere an India's worth of consumers just went dark.
This just isn't plausible.
Pretty sure the big AI corps aren't depending on obsolete second-hand half-burned-out Ethereum mining rigs for their AI training.