Akamai Secures Major Seven-Year AI Cloud Services Deal with Anthropic
On September 24, 2026, Akamai Technologies (AKAM) announced a landmark $11.6 billion cloud services contract with artificial intelligence firm Anthropic over seven years. The deal marks the largest in Akamai’s history and could expand to up to $20 billion if Anthropic increases its usage of Akamai's infrastructure. This partnership positions Akamai as a key player in AI infrastructure, leveraging CPUs rather than GPUs typically used for training large models. The contract is expected to significantly boost Akamai’s cloud revenue, with estimates suggesting it could generate around $1.7 billion annually by 2028. The deal also includes an equity-linked component allowing Anthropic the option to purchase up to 5% of Akamai's stock at a fixed price if certain spending thresholds are met. The market reacted positively: AKAM shares surged as much as 16.4% in early trading on September 25, and several Wall Street analysts raised their price targets for the company within hours.
Tickers: $AKAM
Topics: AI infrastructure cloud services corporate partnership