Akamai Technologies announced it has entered into a significant, multi-year agreement with AI company Anthropic to provide dedicated cloud computing capacity and support services. The deal includes an initial commitment of approximately $11.6 billion and a strategic warrant issuance to Anthropic. Akamai also entered into related agreements with hardware suppliers to support the infrastructure build-out.
Key Details
- Anthropic Services Agreement: On September 18, 2026, Akamai and Anthropic entered into new project plans under their Master Services Agreement, committing Anthropic to pay approximately $11.6 billion over initial seven-year terms for cloud computing services.
- Warrant Issuance: Akamai issued a warrant to Anthropic to purchase preferred stock convertible into up to 7.7 million shares of common stock (~5% of outstanding shares). Vesting is tied to commercial milestones, with an initial portion vesting with the $11.6 billion commitment.
- Supporting Supply Agreements: To fulfill the Anthropic deal, Akamai entered into a master agreement with Lenovo for hardware and services and authorized Jabil Inc. to purchase approximately $1.7 billion of memory components on its behalf.