Anthropic commits $11.6B to Akamai cloud in seven-year CPU compute deal
Akamai Technologies announced a seven-year, $11.6 billion contract commitment from AI company Anthropic to provide distributed AI infrastructure and software for CPU workloads. The deal includes an option to expand by up to $9 billion, potentially reaching $20 billion. Akamai issued warrants to Anthropic for up to 5% of its common shares at $111.33 per share. Akamai expects $5.5 billion in capital expenditures related to the contract, including $1.7 billion in 2026 for supply chain components. The company stated the agreement does not change its 2026 revenue guidance.
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Anthropic commits $11.6 billion to Akamai cloud in deal that could reach $20 billion
AI company Anthropic has committed $11.6 billion over seven years to Akamai's cloud infrastructure, a bet on CPUs that could grow to about $20 billion. In an unusual arrangement, Akamai is giving Anthropic a potential stake of up to 5% of its stock that grows as the deal progresses. The commitment represents a major infrastructure investment by Anthropic to secure computing capacity for its AI models.
Read sourceAkamai Shares Surge After Signing $11.6 Billion Seven-Year Deal with AI Firm Anthropic
On Thursday, Akamai Technologies announced a seven-year cooperation contract with AI giant Anthropic valued at $11.6 billion, causing its pre-market stock price to rise up to 20%. The agreement leverages Akamai's distributed AI infrastructure and software to meet Anthropic's CPU computing needs. This deal adds to Akamai's previously announced multi-year cloud infrastructure service orders totaling over $2.8 billion. Under the agreement, Akamai grants Anthropic a warrant to purchase non-voting convertible Series B preferred shares, convertible into up to 7.7 million Akamai common shares (about 5% of outstanding shares) at an exercise price of $111.33 per share. The $11.6 billion deal corresponds to approximately 2% of Akamai's outstanding shares vesting immediately. The remaining ~3% vesting requires additional orders up to $9 billion over the warrant's seven-year term, with each $3 billion in cloud service purchases triggering ~1% vesting. Akamai CEO Tom Leighton stated Anthropic is driving the AI revolution and chose Akamai to build and operate large-scale AI infrastructure. Akamai estimates capital expenditure for this order at about $5.5 billion, with an additional $1.7 billion in 2026 capex for key supply chain components, though the project will not affect 2026 revenue guidance.
Read sourceAkamai and Anthropic Sign $11.6 Billion Seven-Year Cloud Infrastructure Deal
On September 24, Akamai Technologies announced an expanded partnership with AI company Anthropic, signing a seven-year contract commitment worth $11.6 billion. The deal will use Akamai Cloud's distributed AI infrastructure and software to meet Anthropic's growing CPU workload demands. The agreement includes an additional expansion option of up to $9 billion, bringing the potential total commitment to approximately $20 billion. As part of the strategic alignment, Akamai issued warrants to Anthropic to purchase non-voting convertible Series B preferred stock, equivalent to about 7.7 million Akamai common shares, representing up to roughly 5% of Akamai's outstanding common stock, at an exercise price of $111.33 per share. Approximately 2% of the outstanding shares' warrants are expected to vest upon the $11.6 billion commitment, with the remaining 3% vesting over the seven-year term as the partnership expands to the additional $9 billion. Akamai stated total capital expenditure related to the $11.6 billion commitment is expected to be about $5.5 billion. The company expects no impact on its 2026 revenue guidance, but 2026 capital expenditure will increase by about $1.7 billion to secure key supply chain components including memory.
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Akamai lands $11.6B AI compute deal with Anthropic, stock jumps 16% after hours
Akamai Technologies (AKAM.US) announced a major expansion of its partnership with AI company Anthropic, securing a seven-year contract commitment worth $11.6 billion. The deal, disclosed on Friday, involves Akamai providing distributed AI infrastructure and software via its cloud business to support Anthropic's growing CPU workload demands. The agreement includes an option to expand by up to $9 billion, potentially reaching a total commitment of $20 billion. Akamai also issued warrants to Anthropic for approximately 5% of its outstanding common shares at $111.33 per share. The company expects capital expenditures of about $5.5 billion related to the contract, with an additional $1.7 billion in 2026 to secure key supply chain components. Akamai stated the deal does not alter its 2026 revenue guidance. The partnership was foreshadowed in May when Akamai disclosed a $1.8 billion, seven-year cloud infrastructure commitment from an unnamed US frontier model developer, later reported to be Anthropic. Akamai, founded in 1998 by MIT researchers including Tim Berners-Lee's challenge, originally built its business on content delivery networks (CDN) and expanded into cloud computing with the 2022 acquisition of Linode.
Read sourceAnthropic signs $11.6B compute deal with Akamai, the largest contract in Akamai's history
AI developer Anthropic has signed a seven-year, $11.6 billion compute contract with cloud services firm Akamai, marking the largest deal in Akamai's history. Under the agreement, Akamai will provide CPU computing power to support Anthropic's growing AI service demands. The deal includes a warrant allowing Anthropic to purchase Akamai B-shares convertible into 7.7 million common shares, a structure that has drawn Wall Street scrutiny over 'circular AI transactions.' Akamai CEO Tom Leighton said the associated capital expenditure will total about $5.5 billion, over six times its 2025 annual spending, with most hardware spending occurring next year. Akamai expects revenue from Anthropic to reach $150-300 million next year and an annualized run rate of about $1.7 billion by 2028. The deal builds on an earlier $1.8 billion compute agreement between the two companies this year.
Read sourceAnthropic signs $11.6B seven-year deal with Akamai for CPU compute, stock jumps 16%
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 involves Akamai providing distributed AI infrastructure and software 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 approximately $20 billion. Akamai also issued warrants to Anthropic for up to 5% of its common shares at $111.33 per share. Akamai expects capital expenditures of about $5.5 billion related to the contract, including $1.7 billion in 2026 for key supply chain components like memory. The company stated the deal does not change its 2026 revenue guidance. Akamai's stock rose over 16% in after-hours trading following the announcement. The partnership was foreshadowed in May 2024 when Akamai disclosed an $1.8 billion cloud infrastructure commitment from an unnamed US frontier model developer, later identified as Anthropic.
Read sourceAnthropic's $11.6B CPU Compute Deal with Akamai Drives Stock Surge
On Friday, September 25, Akamai Technologies announced a seven-year, $11.6 billion contract commitment from AI firm Anthropic to support its growing CPU workload demands via Akamai's distributed cloud infrastructure. The deal, which includes an option to expand by up to $9 billion for a potential total of $20 billion, drove Akamai's after-hours stock up over 16%. Akamai will issue warrants to Anthropic for approximately 5% of its outstanding common shares at an exercise price of $111.33 per share. Capital expenditures related to the contract are estimated at $5.5 billion, with $1.7 billion added in 2026 for supply chain components like memory. The agreement does not alter Akamai's 2026 revenue guidance. The partnership was foreshadowed in May when Akamai disclosed a $1.8 billion, seven-year cloud infrastructure commitment from an unnamed U.S. frontier model developer, later reported to be Anthropic. Akamai, founded in 1998 by MIT researchers including Tim Berners-Lee's challenge, evolved from a content delivery network (CDN) to cloud and security services, notably acquiring cloud provider Linode in 2022.
Read sourceAnthropic signs $11.6B deal with Akamai for CPU compute, stock jumps 16% after hours
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, with an additional $1.7 billion in 2026 to secure key supply chain components like memory. The company stated the deal does not change its 2026 revenue guidance. The partnership was hinted at in May 2024 when Akamai disclosed a $1.8 billion cloud infrastructure commitment from an unnamed U.S. frontier model developer, later identified as Anthropic. Akamai, founded in 1998 by MIT researchers including Tim Berners-Lee, originally focused on content delivery networks (CDN) and has expanded into cybersecurity and cloud computing, notably acquiring cloud provider Linode in 2022.
Read sourceAnthropic signs $11.6B CPU compute deal with Akamai, stock jumps 16% after hours
On Friday, September 25, 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 software. 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 an exercise price of $111.33 per share. Akamai expects total capital expenditures of about $5.5 billion related to the contract, with an additional $1.7 billion in 2026 to secure key supply chain components like memory. The company stated the agreement does not change its 2026 revenue guidance. Akamai's stock rose over 16% in after-hours trading. The partnership builds on a previously undisclosed $1.8 billion commitment from a US frontier model developer, later identified as Anthropic, disclosed in Akamai's first-quarter earnings.
Read sourceAnthropic signs $11.6B CPU compute deal with Akamai, stock jumps 16%
On September 25, 2024, Akamai Technologies announced a seven-year, $11.6 billion contract commitment to provide distributed AI infrastructure and software for Anthropic's growing CPU workloads. 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. The company expects $5.5 billion in capital expenditures related to the contract, including $1.7 billion in 2026 for key supply chain components like memory. Akamai also issued warrants to Anthropic for up to 770,000 non-voting B-series convertible preferred shares, representing about 5% of outstanding common stock, at an exercise price of $111.33 per share. The agreement does not change Akamai's 2026 revenue guidance. The partnership was hinted at in May 2024 when Akamai disclosed an $1.8 billion cloud infrastructure commitment from an unnamed US frontier model developer, later reported to be Anthropic.
Read sourceAkamai and Anthropic sign $11.6 billion AI compute deal, stock jumps 16% after hours
On Friday, September 25, Akamai Technologies announced a seven-year, $11.6 billion contract commitment with AI company Anthropic to support its growing CPU workload demands through Akamai's distributed AI infrastructure and software. The deal includes an option to expand by up to $9 billion, potentially reaching $20 billion. Akamai also issued warrants to Anthropic for up to 5% of its common stock at $111.33 per share. Akamai expects $5.5 billion in capital expenditures related to the contract, including $1.7 billion in 2026 for supply chain components. The company stated the agreement does not change its 2026 revenue guidance. The partnership was hinted at in May when Akamai disclosed an 18-month, $1.8 billion cloud infrastructure commitment from an unnamed US frontier model developer, later identified as Anthropic. Akamai, founded in 1998 by MIT researchers, originally built its business on content delivery networks (CDN) and expanded into cybersecurity and cloud computing, notably acquiring Linode in 2022.
Read sourceAnthropic signs $11.6B seven-year deal with Akamai for CPU compute capacity
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, disclosed on Friday, involves Akamai providing distributed AI infrastructure and software to support Anthropic's growing CPU workload demands. The agreement includes an option to expand by up to $9 billion, potentially reaching $20 billion in total commitments. Akamai also issued warrants to Anthropic for approximately 5% of its outstanding common shares at an exercise price of $111.33 per share. The company expects capital expenditures of about $5.5 billion related to the contract, including $1.7 billion in 2026 for supply chain components. Akamai's stock rose over 16% in after-hours trading following the announcement. The deal builds on a previously disclosed $1.8 billion commitment from an unnamed U.S. frontier model developer, later identified as 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 contract commitment worth $11.6 billion 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, bringing the potential total to $20 billion. Akamai also issued warrants to Anthropic for approximately 5% of its 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 an additional $1.7 billion in 2026 for 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 builds on a previously undisclosed $1.8 billion commitment from a leading AI model developer, later identified as Anthropic, disclosed in Akamai's first-quarter earnings.
Read sourceAnthropic 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 an additional $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 shares rose over 16% in after-hours trading. Akamai also issued warrants to Anthropic for approximately 7.7 million shares of non-voting convertible preferred stock, representing about 5% of Akamai's outstanding common shares, at an exercise price of $111.33 per share. Akamai expects total capital expenditures related to the contract to be around $5.5 billion, with an additional $1.7 billion in 2026 to secure key supply chain components including memory. The company stated the agreement will not change its 2026 revenue guidance. The partnership was hinted at in May when Akamai disclosed an 18-month, $1.8 billion cloud infrastructure 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 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 workloads. 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 7.7 million shares of non-voting Series B convertible preferred stock, representing about 5% of Akamai's outstanding common shares, with an exercise price of $111.33 per share. Akamai expects total capital expenditures related to the contract to be about $5.5 billion, including an additional $1.7 billion in 2026 to secure key supply chain components like memory. The company stated the deal does 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 US frontier model developer, later reported to be Anthropic.
Read sourceAnthropic signs $11.6B deal with Akamai for CPU compute, stock jumps 16% after hours
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 cloud infrastructure. The deal, which sent Akamai's stock up over 16% in after-hours trading, includes an option to expand by up to $9 billion, potentially reaching $20 billion. Akamai will issue warrants to Anthropic for approximately 5% of its common shares at $111.33 per share. Capital expenditures related to the contract are estimated at $5.5 billion, with $1.7 billion added in 2026 for supply chain components. The agreement follows a previously undisclosed $1.8 billion commitment from a US frontier model developer, later identified as Anthropic. Akamai, founded in 1998 by MIT researchers, originally built its business on content delivery networks and has since expanded into cybersecurity and cloud computing, notably acquiring Linode in 2022.
Read sourceAnthropic signs $11.6B seven-year deal with Akamai for CPU compute capacity
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 7.7 million shares of non-voting Series B convertible preferred stock, representing about 5% of Akamai's outstanding common shares, with 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 including memory. The company stated the agreement will not change its 2026 revenue guidance. Following the announcement, Akamai's stock rose over 16% in after-hours trading. The deal builds on a previously disclosed $1.8 billion commitment from an unnamed US frontier model developer, later reported to be Anthropic.
Read sourceAnthropic signs $11.6B seven-year deal with Akamai for CPU compute capacity
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 $11.6 billion commitment to be about $5.5 billion, with an additional $1.7 billion in 2026 to secure key supply chain components including memory. The company stated the deal does not change its 2026 revenue guidance. Akamai's stock rose over 16% in after-hours trading following the announcement.
Read sourceAnthropic 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 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 approximately $20 billion. Akamai also issued warrants to Anthropic for up to 5% of its common shares at an exercise price of $111.33 per share. Akamai expects capital expenditures of about $5.5 billion related to the contract, including $1.7 billion in 2026 for key supply chain components like memory. The company stated the agreement will not change its 2026 revenue guidance. The deal follows a previous $1.8 billion commitment from an unnamed U.S. frontier model developer, later reported to be Anthropic. Akamai, founded in 1998 by MIT researchers, originally focused on content delivery networks and has since 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% after hours
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, which can be expanded by up to $9 billion to a potential total of $20 billion, will see Akamai support Anthropic's growing CPU workload demands through its distributed AI infrastructure and cloud services. Akamai also issued warrants to Anthropic for approximately 5% of its outstanding common shares at an exercise price of $111.33 per share. The company expects total capital expenditures of about $5.5 billion related to the contract, with an additional $1.7 billion in 2026 to secure key supply chain components like memory. Akamai's stock rose over 16% in after-hours trading following the announcement. The deal builds on a previously undisclosed $1.8 billion commitment from a US frontier model developer, later identified as Anthropic, disclosed in May.
Read source