On September 24, Akamai Technologies signed a seven-year, $11.6 billion cloud computing agreement with @AnthropicAI to support the AI company’s growing CPU workload requirements.
Deal Highlights
Total Value: $11.6 billion guaranteed over seven years, with an option to expand by another $9 billion (pushing the potential total to $20 billion).
Equity Stake: Akamai Technologies issued a warrant giving Anthropic up to a 5% stake in its common stock, with vesting milestones tied directly to contract expansion and cloud service purchases.
Capital Expenditures: Akamai expects to spend roughly $5.5 billion in CapEx to build out capacity, including $1.7 billion toward late-2026 supply chain pre-purchases (such as memory).
Revenue Projections: Akamai expects $150 million to $300 million in revenue from the contract in late 2027, scaling to an annualized run rate of $1.7 billion by the end of 2028.
More on the deal from Akamai newsroom: https://www.akamai.com/newsroom/press-release/akamai-announces-11-6-billion-multi-year-agreement-with-anthropic-to-support-growing-demand