Akamai Technologies jumps on $11.6 billion Anthropic AI cloud deal
AKAM•Akamai signed a seven-year, $11.6 billion deal to provide cloud infrastructure for Anthropic’s AI workloads. The potential commitment could expand by another $9 billion to about $20 billion, and Akamai shares rose 16.7% in extended trading.
1. Cloud infrastructure deal
Akamai said it signed a seven-year deal worth $11.6 billion to provide cloud infrastructure for Anthropic’s growing AI workloads. The partnership could expand by another $9 billion, bringing the total potential commitment to about $20 billion. Akamai also issued warrants that could give Anthropic up to a 5% stake, with about 2% tied to the initial deal.
