JPM: 1GW of AI Infrastructure Costs $40-45B, Frontier Labs Make ~$30B per GW

zephyr_z9 · x · 2026-09-01

Thread around JPM analyst Gokul's VR200-based estimate: 1GW of AI infrastructure costs roughly $40–45B to build, while frontier labs can generate about $30B in revenue per GW — up from only $10B a year ago. If a cloud provider leases 1GW to an AI model developer, JPM pegs the revenue at roughly $17B per GW.

A reply adds that costs vary by company, with Anthropic around $50B/GW on a blended basis.

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