Anthropic Signs $11.6 Billion Cloud Deal with Akamai, Potentially Reaching $20 Billion
18 Sources
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Anthropic to pay Akamai $11.6 billion over seven years in cloud deal
Anthropic will spend $11.6 billion over seven years on Akamai's cloud infrastructure, Akamai said Thursday. That's more than six times the size of a $1.8 billion deal between the two companies that Bloomberg reported in May. The commitment isn't ironclad; according to Akamai's securities filing, it
[2]
Akamai, Anthropic sign $11.6 billion cloud services deal
Sept 24 (Reuters) - Anthropic has signed an $11.6 billion cloud services agreement with Akamai Technologies (AKAM.O), opens new tab, as the AI lab seeks additional computing capacity to support its growing workloads. The seven-year contract could expand by an additional $9 billion, bringing the
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Shares of Akamai surge after deal with Anthropic. What Wall Street is saying
Cloud provider and cybersecurity company Akamai is the toast of Wall Street on Friday following the signing of an $11.6 billion deal with frontier artificial intelligence platform Anthropic for added computing capacity over the next seven years. Akamai shares briefly soared as much as 16.4% to
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Anthropic signs $11.6bn Akamai cloud deal that could reach $20bn
Akamai will supply CPUs to Anthropic over seven years in a deal that could reach $20bn. It also issued Anthropic a warrant for about 5% of its common stock, a first for Akamai. Anthropic has signed an $11.6bn, seven-year agreement to use Akamai's cloud infrastructure, Akamai announced after the US
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Could Akamai's $11.6 billion tie-up with Anthropic be as big an AI security tipping point as Project Glasswing?
No sooner had Akamai flagged up the AI security tipping point represented by Anthropic's Project Glasswing than it has just signed its largest ever contract with...Anthropic! The seven-year, non-exclusive deal, worth a likely total of around $11.6 billion, will see Akamai work with the frontier
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Akamai shares jump more than 20% on $11.6B Anthropic computing deal
Shares in Akamai Technologies Inc. jumped more than 20% in after-hours trading today after the cloud and cybersecurity company revealed an $11.6 billion, seven-year deal to supply computing capacity to artificial intelligence developer Anthropic PBC. The agreement is built around central
[7]
Akamai Stock Soars on $11.6 Billion Deal With Anthropic
Get personalized, AI-powered answers built on 27+ years of trusted expertise. Shares of Akamai are surging after the cloud computing and cybersecurity firm signed a new seven-year deal with Anthropic. Shares of Akamai (AKAM) were up 8% to $119 in recent trading. The company said late yesterday
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Why did Akamai stock surge after Anthropic's $11.6 billion deal? - Akamai Stock Surges After Anthropic Deal
Why did Akamai stock surge after Anthropic's $11.6 billion deal? 1/10 Akamai Stock Surges After Anthropic Deal Akamai Technologies shares jumped more than 20% in after-hours trading on Thursday after the company announced an $11.6 billion, seven-year cloud computing agreement with AI company
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Why Is Akamai Technologies Stock Surging Friday? - Akamai Technologies (NASDAQ:AKAM)
Akamai Technologies Inc. (NASDAQ:AKAM) stock surged about 21% in Friday premarket trading after the company expanded its partnership with Anthropic through an $11.6 billion cloud commitment. Akamai also disclosed new agreements with Lenovo and Jabil Inc. (NYSE:JBL). Anthropic Commits $11.6
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anthropic: Akamai, Anthropic sign $11.6 billion cloud services deal
The seven-year contract could expand by an additional $9 billion, bringing the potential total commitment to about $20 billion. Akamai shares jumped 15% in extended trading on Thursday. Anthropic has signed an $11.6 billion cloud services agreement with Akamai Technologies , as the AI lab seeks
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Akamai and Anthropic Announce $11.6 Billion Multi-Year Cloud Infrastructure Agreement
The deal adds to the more than $2.8 billion in multi-year Cloud Infrastructure Services (CIS) commitments across Akamai's customer base previously announced this year. Akamai Technologies announced a significantly expanded relationship with Anthropic for $11.6 billion of contractual commitment
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Akamai Stock Soars on $11.6 Billion Anthropic Deal - Akamai Technologies (NASDAQ:AKAM)
Akamai Technologies Inc. (NASDAQ:AKAM) on Thursday announced an expanded agreement with Anthropic worth $11.6 billion in contractual commitments over seven years. The deal will support Anthropic's growing CPU workload demands through Akamai Cloud's distributed AI infrastructure and software. The
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Anthropic just handed Akamai a game-changing deal
Akamai Technologies (AKAM) is not a name that usually comes up when people talk about artificial intelligence. That changed on Thursday, September 24, 2026, when the cloud and cybersecurity company confirmed a seven-year, $11.6 billion cloud services deal with Anthropic. The contract is the
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Anthropic Continues to Gobble Compute; To Spend $11.6bn on Akamai Cloud
The company is gobbling up AI compute across geographies, the last one being from a datacentre in the UK and then in the Netherlands Having done deals with SpaceX and the UK-based Nscale, Anthropic is continuing on its merry ways of gobbling up compute deals. The latest in this series is an $11.6
[15]
Anthropic Signs USD 11.6 Billion Akamai Deal For AI Computing Power
Anthropic signed a USD 11.6 billion, seven-year contract with Akamai Technologies for computing power, adding to the AI developer's growing list of data center deals. The agreement expands an earlier USD 1.8 billion computing deal between the two companies. Akamai will supply Anthropic with access
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Akamai Lands Landmark 7-Year, $11.6B Infrastructure Contract with Anthropic
Akamai Technologies, Inc today announced a significantly expanded relationship with Anthropic for $11.6 billion of contractual commitment over seven years. The multi-year commitment will support Anthropic's accelerating CPU workload demands by leveraging Akamai Cloud's distributed AI infrastructure
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European AI-linked stocks rally After Anthropic's $11.6 bln computing deal By Investing.com
Investing.com -- Shares in European companies linked to the buildout in artificial intelligence rallied on Friday after Anthropic signed a computing deal worth at least $11.6 billion, offering a fresh tailwind for AI-linked companies as the buildout in infrastructure linked to the technology
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Akamai signs landmark deal with Anthropic
Akamai Technologies has reached an $11.6bn, 7-year cloud agreement with Anthropic, including a mechanism that could allow the AI specialist to take up to 5% of the group's equity. The deal significantly strengthens Akamai's order book and highlights the scale of Anthropic's spending to lock in the
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Anthropic has committed $11.6 billion over seven years to Akamai's cloud infrastructure in the largest deal in Akamai's history. The agreement could expand by $9 billion to reach $20 billion total. Akamai issued Anthropic a warrant for up to 5% of its common stock, marking the first time the company has attached equity to a cloud deal.
Anthropic Commits $11.6 Billion to Akamai Cloud Infrastructure
Anthropic has signed an $11.6 billion cloud services agreement with Akamai Technologies over seven years, marking the largest contract in Akamai's history
1
. The cloud deal provides Anthropic with dedicated computing capacity to support its growing AI workloads, specifically focusing on CPU-based AI workloads rather than GPUs1
. This represents more than six times the size of a $1.8 billion deal between the two companies that Bloomberg reported in May1
. The agreement is non-exclusive, allowing Anthropic to continue working with other vendors including major hyperscalers5
.
Source: CXOToday
Warrant Structure Creates Strategic Partnership
As part of the Akamai Anthropic deal, Akamai issued Anthropic a warrant for 7.7 million common shares, representing up to 5% of the company's outstanding stock at an exercise price of $111.33 per share
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. About 2% is expected to vest once Anthropic makes its first payment under the deal, with the remaining 3% tied to additional spending milestones1
. Each additional $3 billion Anthropic commits unlocks roughly another 1%, meaning the cloud infrastructure deal could grow by as much as $9 billion to reach approximately $20 billion in total1
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. This marks the first time Akamai has attached a warrant to a cloud deal1
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.AI Infrastructure Bet on CPUs Over GPUs
The deal represents a strategic bet on a less-hyped corner of AI infrastructure: CPUs
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. Demand for CPUs has grown as AI agents take on more coordinated computing tasks, though Akamai didn't specify exactly what Anthropic will use them for1
. Networks of CPUs are generally better for the types of coordinated computing tasks required for agentic AI, according to many technologists3
. Akamai CEO and co-founder Tom Leighton emphasized that customers are using their cloud infrastructure services for a wide variety of applications powered by AI, including conversational voice agents, robotics and physical AI, real-time virtual world generation, and real-time AI video intelligence5
.
Source: Benzinga
Financial Implications and Revenue Growth Projections
Akamai won't see revenue from the deal this year, but expects $150 million to $300 million in 2027, starting in the second half, with revenue reaching an annual pace of about $1.7 billion by the end of 2028
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. To build out the capacity, Akamai expects capital expenditure of approximately $5.5 billion, with about $1.7 billion being spent towards the end of this year on pre-purchasing critical supply chain components, including memory1
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. Analysts at DA Davidson estimate the EBIT margin for Akamai's cloud commitments signed year-to-date is approximately 30% at full revenue run-rate3
. Morgan Stanley analysts noted that using the midpoint of management's commentary implies revenue growth estimates should increase from 12.5% to approximately 16%, compared to just 5% revenue growth the company reported in 20253
.Stock Surge and Wall Street Response
Akamai shares jumped 15% in extended trading on Thursday following the announcement
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, briefly soaring as much as 16.4% to $128.46 before paring gains to about 8%3
. Cambridge, Massachusetts-based Akamai is ahead 36% in 2026, although almost all of the gain came in the first quarter3
. Piper Sandler analysts noted that the deal drastically changes the financial profile, as they see Akamai becoming a hypergrowth asset from a value asset, with cloud infrastructure services on pace to surpass even security by no later than fourth quarter 20283
. Akamai has $14.6 billion in total cloud commitments signed year-to-date3
.
Source: Benzinga
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Anthropic's Expanding Compute Needs and Strategic Relationships
The Akamai contract adds to a run of compute agreements by Anthropic this year, including a $10 billion deal with Volta in August and a reported $13.7 billion compute contract with Rum Group in September
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. Anthropic is no stranger to such arrangements involving AI development partners. Amazon, Google, Microsoft, and AMD have all invested or agreed to invest in the company while selling it chips or cloud capacity1
. However, CEO Dario Amodei told the New York Times last December that Anthropic does not participate in these deals at the same scale as some other players1
. The warrant structure flips the more common pattern in circular AI deals, where suppliers invest directly in AI labs that buy their products; here, the supplier is giving its customer a potential stake that grows as spending increases1
.Akamai's Distributed Infrastructure and Edge Computing Advantage
Tom Leighton emphasized that Akamai has spent nearly 30 years building industry-leading expertise in operating the world's most distributed platform for content delivery and cybersecurity at global scale
5
. The company's unique distributed infrastructure includes more than 4,000 points of presence across 700 cities in 130 countries5
. Akamai took a major step forward with its cloud strategy when it acquired Linode's developer-friendly compute platform in 2022 and integrated it with its world-leading capabilities for delivery, AI security, and distributed platform5
. Enterprises choose Akamai for their cloud infrastructure needs because of low latency and global scalability, proven ability to manage and scale distributed systems, decades-long track record of reliability, and market-leading security services5
. Analysts at Oppenheimer calculated that the deal is worth about 77 megawatts of computing power3
. The commitment isn't ironclad; according to Akamai's securities filing, it depends on Akamai meeting certain delivery and service-availability requirements, and either company can end the agreement under certain conditions1
. Watch for how this capacity expansion impacts Anthropic's ability to scale its frontier AI models and whether other major AI labs follow with similar CPU-focused infrastructure deals.References
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