This sounds very wrong to me.

Take the C4 training dataset for example. The uncompressed, uncleaned, size of the dataset is ~6TB, and contains an exhaustive English language scrape of the public internet from 2019. The cleaned (still uncompressed) dataset is significantly less than 1TB.

I could go on, but, I think it's already pretty obvious that 1TB is more than enough storage to represent a significant portion of the internet.