Akamai Anthropic Cloud Partnership
Akamai Signs $11.6 Billion Cloud Infrastructure Deal With Anthropic
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Key Points
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The warrant covers 7.7 million Akamai shares and has an exercise price of $111.33 per share; exercising the full warrant would cost Anthropic about $857 million.
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The additional equity vests in stages: each further $3 billion Anthropic purchases in cloud services would vest about 1% of Akamai’s outstanding common stock, subject to terms agreed by both companies.
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Akamai described the arrangement as Project Plans 2 and 3 under its master services agreement with Anthropic, covering dedicated AI cloud capacity and managed services.
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Akamai CEO Tom Leighton said its global footprint and experience serving large enterprises position it to provide infrastructure for secure and responsible AI applications and workloads.
Akamai Technologies signed a massive $11.6 billion cloud computing deal with AI company Anthropic, with the potential to grow to $20.6 billion over seven years. The agreement gives Anthropic dedicated AI computing capacity while granting Akamai equity stakes — starting with warrants for about 2% of the company and potentially reaching 5% if Anthropic expands its purchases Asianet News.
Akamai stock surged 16-20% in after-hours trading following the announcement BigGo Finance. The deal reflects surging demand for cloud infrastructure as AI companies race to build out their computing power, with Akamai expecting to spend roughly $5.5 billion in capital expenditures to fulfill the commitment.
Anthropic Commits $11.6 Billion for Dedicated AI Infrastructure
Under the seven-year agreement, Anthropic will pay $11.6 billion for cloud computing services tailored to its AI workloads TradingView. This builds on Anthropic's existing $2.8 billion in infrastructure commitments announced previously. The deal covers "Project Plans 2 and 3" under their master services agreement, providing dedicated capacity and managed services for secure AI applications.
The contract could expand by an additional $9 billion if Anthropic increases its purchases, bringing total potential spending to roughly $20.6 billion Yahoo Finance. Services ramp up beginning in 2027, giving Akamai time to build out the necessary infrastructure and secure components like memory chips.
Akamai Receives Warrants Worth Up to 5% Ownership Stake
Akamai received warrants to purchase 7.7 million shares at $111.33 per share — an exercise cost of roughly $857 million if fully exercised Asianet News. About 2% of these warrants vest immediately with the $11.6 billion commitment. The remaining 3% vests in stages as Anthropic purchases additional services.
Each additional $3 billion in cloud services Anthropic buys triggers another 1% vesting of Akamai's outstanding common stock, up to the 5% cap StockTwits. This equity structure ties Akamai's upside directly to Anthropic's growth and infrastructure spending.
Akamai Invests $5.5 Billion to Build Out AI Computing Capacity
Akamai estimates the deal will require approximately $5.5 billion in capital expenditures to support Anthropic's workloads BigGo Finance. The company plans to spend roughly $1.7 billion in 2026 alone securing critical components including memory chips and processing equipment. Despite this major investment, Akamai maintained its 2026 revenue guidance unchanged.
Akamai also disclosed supply partnerships with Lenovo and Jabil to support the infrastructure build-out Yahoo Finance. CEO Tom Leighton said the company's global network and enterprise experience position it to deliver "secure and responsible AI applications" at scale.
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