Anthropic signs $11.6 billion cloud deal with Akamai over seven years

Sep 25, 2026

AI Summary

Anthropic has committed to spending $11.6 billion on Akamai's cloud infrastructure over the next seven years, significantly increasing its previous deal. The agreement includes performance-based conditions and the potential for additional investment, marking a historic contract for Akamai.

Anthropic will invest $11.6 billion in Akamai's cloud services over seven years, a substantial increase from a prior $1.8 billion deal.
The deal is contingent on Akamai meeting specific delivery and service requirements, allowing either party to terminate under certain conditions.
Akamai anticipates that revenue from this deal will begin in 2027, with projections of $150 million to $300 million that year and an annual revenue pace of about $1.7 billion by the end of 2028.
To support the deal, Akamai plans to invest approximately $5.5 billion in infrastructure and an additional $1.7 billion in capital spending this year.
As part of the agreement, Akamai issued Anthropic a warrant for nonvoting preferred stock convertible into common shares, potentially giving Anthropic up to 5% of Akamai's outstanding stock.
The structure of the warrant is unusual, as it allows a customer to gain equity based on spending, contrasting with typical arrangements where suppliers invest in AI companies.
Akamai's stock rose by as much as 17% in after-hours trading following the announcement of the deal.

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Anthropic signs $11.6 billion cloud deal with Akamai over seven years

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