Anthropic signs US$11.6 billion cloud deal with Akamai, gets warrant for up to 5% stake
The warrant gives Anthropic the right to purchase Series B shares at US$111.33 each
Anthropic, the AI lab, has signed a seven-year contract with Akamai Technologies that totals US$11.6 billion for cloud services. The agreement includes a warrant that could potentially give Anthropic a 5% stake in Akamai. Under the contract, Anthropic can purchase Series B shares at US$111.33 each, which translates to approximately 7.7 million shares of Akamai's common stock.
Akamai's shares surged by around 20% in extended trading on Thursday following the deal's announcement. This investment in AI infrastructure is part of Anthropic's strategy to expand its computing power to train and run increasingly powerful models, despite growing concerns about the potential adverse consequences of agentic AI.
The warrant, representing about 2% of Akamai's common stock, is tied to Anthropic's $11.6 billion commitment, while the remaining 3% would vest if the companies extend the agreement by up to an additional $9 billion.
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- Akamai Surges on $12 Billion Anthropic AI Computing Deal | Closing Bell bloomberg.com
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