JPMorgan Report: Anthropic Commits to 15 GW of Power, OpenAI Targets 30 GW by 2030

A report by Michael Cembalest of JPMorgan Private Bank, released on September 10, 2026, reveals that Anthropic has committed to securing approximately 15 GW of additional power, with estimated costs for cloud, chips, and data center leasing reaching $500 billion. OpenAI aims to reach 30 GW by 2030, with projected data center expenditures of $750 billion. The report notes that much of this power will come from the grid or behind-the-meter natural gas, including significant deals such as OpenAI's $100 billion, 5000 MW agreement with Amazon AWS. Additionally, the report mentions unreleased OpenAI models potentially addressing the Navier-Stokes and Hodge conjectures, while Anthropic is reportedly making progress on the Birch and Swinnerton-Dyer conjecture. Francois Chollet noted that AGI progress is exceeding expectations, with GPT-6 Astra scoring 62% on the ARC-AGI-3 benchmark.