JP Morgan global technology hardware research head Gokul said building 1GW of AI infrastructure costs roughly $40–45 bln. He estimates leading AI model firms now generate about $30 bln of revenue per 1GW (up from ~$10 bln a year earlier). JP Morgan calculates a cloud provider that rents 1GW to AI model developers could earn roughly $17 bln per 1GW.

2026-09-01

JP Morgan global technology hardware research head Gokul said building 1GW of AI infrastructure costs roughly $40–45 bln. He estimates leading AI model firms now generate about $30 bln of revenue per 1GW (up from ~$10 bln a year earlier). JP Morgan calculates a cloud provider that rents 1GW to AI model developers could earn roughly $17 bln per 1GW.