Anthropic to Commit $11.6 Billion Over Seven Years for Akamai Cloud Services
Akamai announced a landmark deal with Anthropic, in which the AI company will spend up to $11.6 billion over seven years on cloud infrastructure services from Akamai. The agreement is conditional upon service delivery and availability requirements being met by either party. This represents a significant increase compared to an earlier reported $1.8 billion commitment between the two companies. The deal highlights growing demand for CPUs in AI applications, with Akamai expecting to invest around $5.5 billion to build out capacity. Revenue from this contract is not expected until 2027 and will reach approximately $1.7 billion annually by 2028. As part of the agreement, Anthropic received a warrant for nonvoting preferred stock that could convert into up to 5% of Akamai’s shares. This marks a strategic shift in AI infrastructure financing, where cloud providers are offering equity stakes tied to customer spending milestones rather than traditional investments from suppliers.
Tickers: $AKAM
Topics: AI infrastructure capital spending cloud computing corporate finance