Citi Tops Q1 Power M&A With $41.4bn Deals, Notes $4.2trn AI Market
Citi led Q1 2026 power sector M&A advisory with $41.4bn of deals, topping the field by value and advising four billion-dollar transactions including one over $10bn. Citi’s note values the enterprise AI market at $4.2trn and highlights Anthropic’s commercial AI lead while flagging compute, capital and competitive constraints.
1. Citi Leads Power Sector M&A Advisory
Citi advised on $41.4bn of power sector mergers and acquisitions in Q1 2026, the highest deal value in the quarter. All four Citi-led transactions were billion-dollar deals, including one exceeding $10bn, outperforming Goldman Sachs ($40.1bn) and JPMorgan ($35.6bn).
2. Enterprise AI Market Outlook
In an industry note, Citi projects the enterprise AI market at $4.2trn and identifies Anthropic as the leading commercial AI provider. The note highlights Anthropic’s Mythos model performance and pricing benchmarks, while warning of compute capacity, capital requirements, adoption pace and intensifying competition.