Anthropic secures $1.8 billion AI cloud deal with Akamai to meet surging software demand
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US stocks today: Anthropic signs $1.8 billion AI cloud deal with Akamai
Artificial intelligence startup Anthropic has secured a significant computing deal worth $1.8 billion with Akamai Technologies. This agreement addresses the growing demand for Anthropic's AI software. Akamai's stock saw a substantial rise following the announcement of a long-term cloud deal with a major AI partner. The company is well-positioned to access necessary components for AI development. Artificial intelligence startup Anthropic has signed a $1.8 billion computing deal with Akamai Technologies to meet surging demand for its AI software, Bloomberg News reported on Friday, citing people familiar with the matter. Akamai shares rose 25% on Thursday after the company had disclosed a long-term cloud deal with a frontier model provider, without naming the partner, in its earnings statement. In regular trading on Friday, the stock was up about 28% at $149.05. Both Akamai and Anthropic declined comment. The cloud and cybersecurity firm forecast second-quarter revenue of between $1.08 billion and $1.10 billion, compared with analyst estimates of $1.10 billion, according to data compiled by LSEG. CEO Tom Leighton told Reuters that Akamai is in a good position to secure access to all the components, CPUs and GPUs, even as component prices have risen. On Wednesday, Anthropic said it had reached a deal to tap the computing resources of Elon Musk's SpaceX, marking a rapprochement with a one-time critic and a boost for both companies in the competitive artificial intelligence race.
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Anthropic signs $1.8 billion AI cloud deal with Akamai, Bloomberg News reports
May 8 (Reuters) - Artificial intelligence startup Anthropic has signed a $1.8 billion computing deal with Akamai Technologies to meet surging demand for its AI software, Bloomberg News reported on Friday, citing people familiar with the matter. o Akamai shares rose 25% on Thursday after the company had disclosed a long-term cloud deal with a frontier model provider, without naming the partner, in its earnings statement. o In regular trading on Friday, the stock was up about 28% at $149.05. o Both Akamai and Anthropic declined comment. o The cloud and cybersecurity firm forecast second-quarter revenue of between $1.08 billion and $1.10 billion, compared with analyst estimates of $1.10 billion, according to data compiled by LSEG. o CEO Tom Leighton told Reuters that Akamai is in a good position to secure access to all the components, CPUs and GPUs, even as component prices have risen. o On Wednesday, Anthropic said it had reached a deal to tap the computing resources of Elon Musk's SpaceX, marking a rapprochement with a one-time critic and a boost for both companies in the competitive artificial intelligence race. (Reporting by Juby Babu in Mexico City; Editing by Tasim Zahid)
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AI startup Anthropic has signed a $1.8 billion computing deal with Akamai Technologies to meet growing demand for its AI software. Akamai's stock surged 28% following the disclosure, as the company positions itself to secure critical computing components like CPUs and GPUs despite rising prices in the competitive AI infrastructure market.
Anthropic Signs Major Computing Agreement with Akamai Technologies
AI startup Anthropic has secured a substantial $1.8 billion AI cloud deal with Akamai Technologies, marking one of the largest computing agreements in the artificial intelligence race. The cloud computing deal addresses the surging AI software demand for Anthropic's products, as the company continues to scale its operations in an increasingly competitive market. Bloomberg News first reported the partnership, citing sources familiar with the matter
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. Both Anthropic and Akamai declined to comment on the specifics when approached by reporters.
Source: ET
Market Response Signals Investor Confidence
The announcement triggered a significant market reaction, with Akamai Technologies stock rising 25% on Thursday after the cybersecurity firm disclosed a long-term cloud deal with a frontier model provider in its earnings statement, though it didn't initially name the partner
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. By Friday's regular trading session, the stock had climbed approximately 28% to $149.052
. This sharp increase reflects investor optimism about Akamai's positioning in the AI infrastructure space, where demand for computing resources continues to outpace supply.Akamai Secures Critical Computing Components
Despite rising component prices across the industry, Akamai CEO Tom Leighton told Reuters that the company remains well-positioned to secure access to all necessary components, including CPUs and GPUs
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. This capability proves critical as AI companies compete for limited hardware resources. The cloud and cybersecurity firm forecast second-quarter revenue between $1.08 billion and $1.10 billion, aligning with analyst estimates of $1.10 billion according to LSEG data2
. The deal positions Akamai to capture a significant share of the AI infrastructure market as companies rush to build and deploy advanced models.Related Stories
Anthropic Expands Computing Partnerships
The Akamai agreement follows closely on the heels of another strategic move by Anthropic. On Wednesday, the AI startup announced it had reached a deal to tap computing resources from Elon Musk's SpaceX
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. This partnership marks a notable rapprochement with Musk, who had previously been critical of the company, and provides a boost for both organizations in the competitive artificial intelligence race2
. The dual announcements signal Anthropic's aggressive strategy to secure diverse computing infrastructure as it scales its AI operations and meets growing customer demand for its software products.
Source: Market Screener
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