Akamai secures $11.6B seven-year AI infrastructure deal with Anthropic, shares surge 16%
Akamai Technologies announced a seven-year, $11.6 billion contract commitment from AI company Anthropic to provide distributed AI infrastructure and CPU compute capacity. The deal includes an option to expand by up to $9 billion, potentially reaching $20 billion. Akamai issued warrants to Anthropic for approximately 5% of its outstanding common shares at $111.33 per share. Akamai's stock rose over 16% in after-hours trading. The company expects $5.5 billion in capital expenditures related to the contract, including $1.7 billion in 2026 for supply chain components.
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Anthropic signs $11.6B seven-year deal with Akamai for CPU compute capacity
On September 25, 2024, Akamai Technologies announced a major expansion of its partnership with AI company Anthropic, securing a seven-year contract commitment worth $11.6 billion. The deal, which can be expanded by up to $9 billion for a potential total of $20 billion, will see Akamai provide distributed AI infrastructure and software to support Anthropic's growing CPU workload demands. Following the announcement, Akamai's stock rose over 16% in after-hours trading. The agreement also includes a warrant allowing Anthropic to purchase up to 5% of Akamai's outstanding common shares at $111.33 per share. Akamai expects capital expenditures of approximately $5.5 billion related to the contract, including $1.7 billion in 2026 to secure key supply chain components like memory. The company stated the deal does not alter its 2026 revenue guidance. This follows a previous disclosure in May 2024 of an $1.8 billion commitment from an unnamed U.S. frontier model developer, later reported to be Anthropic.
Read sourceAnthropic signs $11.6B seven-year deal with Akamai for CPU compute capacity
On September 25, 2024, Akamai Technologies announced a seven-year, $11.6 billion contract commitment from AI company Anthropic to support its growing CPU workload demands through Akamai's distributed AI infrastructure and cloud services. The deal includes an option to expand by up to $9 billion, potentially reaching $20 billion. Akamai's stock rose over 16% in after-hours trading. As part of the agreement, Akamai issued warrants to Anthropic for approximately 5% of its outstanding common shares at an exercise price of $111.33 per share. Akamai expects total capital expenditures of about $5.5 billion related to the contract, including $1.7 billion in 2026 for supply chain components like memory. The company stated the deal does not alter its 2026 revenue guidance. The partnership builds on a previously undisclosed $1.8 billion commitment from a leading AI model developer, later identified as Anthropic. Akamai, founded in 1998 by MIT researchers, originally focused on content delivery networks and has expanded into cybersecurity and cloud computing, notably acquiring cloud provider Linode in 2022.
Read sourceAnthropic signs $11.6B seven-year deal with Akamai for CPU compute, stock jumps 16%
On Friday, September 25, Akamai Technologies announced a major expansion of its partnership with AI company Anthropic, securing a seven-year contract commitment worth $11.6 billion. The deal involves Akamai providing distributed AI infrastructure and software via its cloud business to support Anthropic's growing CPU workload demands. The agreement allows for an additional $9 billion in potential expansion, bringing the total possible commitment to around $20 billion. Akamai also issued warrants to Anthropic for approximately 5% of its outstanding common shares at an exercise price of $111.33 per share. Akamai expects total capital expenditures related to the contract to be about $5.5 billion, with an additional $1.7 billion in 2026 to secure key supply chain components like memory. The company stated the agreement will not change its 2026 revenue guidance. Akamai's stock rose over 16% in after-hours trading following the announcement. The partnership was hinted at in May when Akamai disclosed an $1.8 billion seven-year cloud infrastructure commitment from an unnamed U.S. frontier model developer, later reported to be Anthropic.
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Akamai Shares Surge 17% After Hours on Deal with AI Firm Anthropic
Akamai Technologies (AKAM.O) saw its stock price surge 17% in after-hours trading following the announcement of a deal with Anthropic, an artificial intelligence company. The agreement, reported by tradealpha, triggered a sharp positive reaction from investors, reflecting market optimism about the partnership. The specific terms and nature of the deal between the cloud services provider and the AI safety and research company have not been disclosed in the brief report. The stock movement indicates that the market views the collaboration as strategically significant for Akamai, potentially expanding its role in supporting AI infrastructure or services. The announcement comes amid growing demand for cloud and edge computing solutions to power AI applications.
Read sourceAkamai Shares Surge 17% in After-Hours Trading After Announcing Deal with Anthropic
Akamai Technologies (AKAM.O) saw its stock price surge 17% in after-hours trading following the announcement of a deal with Anthropic, an AI safety and research company. The market reacted positively to the partnership, which is expected to involve Akamai's cloud and edge computing services supporting Anthropic's AI infrastructure. The exact terms and nature of the deal have not been disclosed in the source, but the significant stock movement indicates investor optimism about the strategic alignment between the two companies. This development highlights the growing demand for AI-related infrastructure services.
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