Akamai has inked a seven-year US$11.6 billion agreement with Anthropic to supply distributed cloud infrastructure for the company’s growing CPU workloads.
The commitment includes provisions for up to an additional US$9 billion in cloud services that bring the total potential value to about US$20 billion.
As part of the strategic alignment, Akamai issued Anthropic a warrant to buy non‑voting convertible Series B preferred stock representing up to about five percent of Akamai’s outstanding common stock (about 7.7 million shares on an as‑converted basis) at an exercise price of US$111.33 per share. About two percent of Akamai’s common stock is expected to vest with the initial US$11.6 billion commitment, with the remaining of around three percent vesting as the relationship expands. Each additional US$3 billion in cloud services will trigger about one percent more equity.
Anthropic will leverage Akamai Cloud’s globally distributed infrastructure and software to support its accelerating CPU workload demands as it scales AI applications and agents.
The arrangement adds to more than US$2.8 billion in multi‑year cloud infrastructure services commitments Akamai has announced across its customer base this year, underscoring rising demand for its platform to build, deploy and operate AI workloads at scale.
Akamai estimates total capital expenditures tied to the US$11.6 billion commitment at about US$5.5 billion, with roughly US$1.7 billion of that expected in 2026 to secure and pre‑purchase critical supply chain components, including memory. It anticipates no change to its 2026 revenue guidance.
“Anthropic is advancing the AI revolution and we are thrilled they chose Akamai’s capabilities for building and operating AI infrastructure at scale,” said Tom Leighton (top), Co‑founder and CEO of Akamai.
