Anthropic signs $11.6 billion cloud deal with Akamai, gets warrant for up to 5% stake
On September 24, Anthropic announced a $11.6 billion commitment to Akamai Technologies for cloud services over a seven-year period. The agreement could be extended by an additional $9 billion, potentially totaling a $20 billion investment. This deal could lead to Akamai granting Anthropic an up to 5% stake in the company. The contract could require about $5.5 billion in total capital expenditure.
To secure and pre-purchase necessary components, Akamai plans to increase its 2026 capital spending by approximately $1.7 billion. The warrant issued by Akamai could provide Anthropic with a 5% stake, equivalent to roughly 7.7 million shares. Out of the 5% stake, 2% is tied to Anthropic's initial $11.6 billion commitment, while the remaining 3% would vest if the companies expand the agreement by up to $9 billion.
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