Akamai, Anthropic sign $11.6 billion cloud services deal
- On Thursday, Akamai Technologies signed an $11.6 billion cloud services agreement with Anthropic, with the total value potentially reaching about $20 billion if expansion options are exercised.
- Akamai expects to spend about $5.5 billion in capital to serve the contract, more than six times its 2025 capital spending, building on a $1.8 billion agreement signed in May.
- Under the deal, Akamai issued Anthropic a warrant providing up to 5 per cent of its outstanding common stock, with about 2 per cent expected to vest under the initial $11.6 billion commitment.
- Akamai shares jumped 15 per cent in extended trading Thursday, while CEO Tom Leighton said the company is "thrilled" that Anthropic chose its capabilities for building AI infrastructure at scale.
- Some Wall Street investors have raised concerns about so-called "circular AI deals" where companies invest in one another, as Anthropic has also signed compute agreements with Volta and other providers.
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Anthropic signs $11.6bn Akamai cloud deal that could reach $20bn
Anthropic has signed an $11.6bn, seven-year agreement to use Akamai’s cloud infrastructure, Akamai announced after the US market closed on Thursday. The deal can grow by a further $9bn, which would take the total to about $20bn. As part of the deal, Akamai issued Anthropic a warrant for 7.7 million shares on an as-converted basis, […] This story continues at The Next Web
Akamai Announces $11.6 Billion Multi-year Agreement with Anthropic to Support Growing Demand
Anthropic to leverage Akamai Cloud's distributed infrastructure and software to support CPU workload growth at scaleThe transaction provides for the potential expansion of the relationship by up to an additional $9 billion, which represents a total potential commitment of approximately…
Akamai Technologies rose in Thursday's after-hours trading in the US after the company signed a seven-year deal worth $11.6 billion with AI company Anthropic.
Akamai grants Anthropic option to acquire 5% stake in strategic partnership
The strategic partnership may boost Anthropic's market position and valuation, influencing investor confidence and future AI collaborations. The post Akamai grants Anthropic option to acquire 5% stake in strategic partnership appeared first on Crypto Briefing .
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