Akamai Technologies has entered into a multi-year agreement with Anthropic, valued at $11.6bn, to provide cloud infrastructure and software services over seven years.
The deal is designed to support Anthropic’s increasing demand for central processing unit (CPU) workloads by using Akamai Cloud’s distributed AI infrastructure. Akamai Cloud is a computing division owned and operated by Akamai Technologies.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
This agreement follows the announcement of more than $2.8bn in multi-year commitments from other customers to Akamai’s Cloud Infrastructure Services earlier in the year.
The company stated that these deals reflect rising demand from organisations seeking to build and operate large-scale AI workloads.
Under the terms, Akamai has granted Anthropic a warrant to purchase non-voting convertible Series B Preferred Stock.
The warrant covers 7.7 million shares, equivalent to about 5% of Akamai’s outstanding common stock, at an exercise price of $111.33 per share.
Approximately 2% of the shares are expected to vest as part of the initial $11.6bn agreement.
The remaining 3% could vest if Anthropic expands its purchases by up to an additional $9bn during the seven-year period.
For every further $3bn spent on cloud services, at terms agreed by both parties, about 1% of Akamai’s stock would vest.
Akamai co-founder and CEO Tom Leighton said: “Anthropic is advancing the AI revolution and we are thrilled they chose Akamai’s capabilities for building and operating AI infrastructure at scale.
“Akamai has an unparalleled reputation for helping our customers achieve their business-critical goals and build the future. Our expanding global footprint, combined with our years of experience serving the world’s largest enterprises, positions us to be the infrastructure provider for secure and responsible AI applications and workloads.”
Akamai Cloud offers a decentralised platform with a network comprising thousands of locations worldwide.
Akamai said its infrastructure supports the full lifecycle of applications, including those used in AI, and is designed to deliver speed, reliability and security.
The US-based cloud computing company estimates total capital expenditures related to the Anthropic agreement will reach approximately $5.5bn.
Akamai expects no changes to its 2026 revenue guidance but forecasts an increase of about $1.7bn in capital expenditures for 2026, mainly to pre-purchase vital supply chain components, including memory.
In May 2026, Anthropic signed a $1.8bn agreement with Akamai to obtain increased cloud computing resources for its AI platforms.
