Anthropic announced a major cloud infrastructure deal with Akamai. They will spend $11.6 billion over seven years. This is more than six times a previous deal between them.
The deal is Akamai’s largest ever. It focuses on CPUs, which handle tasks like running code and browsing. Akamai did not say what Anthropic will use the CPUs for.
Akamai expects to see $150 million to $300 million in revenue from this deal starting in 2027. By 2028, revenue could reach about $1.7 billion annually.
To build the capacity, Akamai plans to spend about $5.5 billion. They will also spend an extra $1.7 billion this year on components like memory.
Akamai gave Anthropic a warrant, which is the right to buy shares at a set price. This could give Anthropic up to about 5% of Akamai’s stock. The stake grows as Anthropic spends more.
This is the first time Akamai has attached a warrant to a cloud deal. The agreement could grow to about $20 billion if Anthropic spends more.
The deal shows how cloud providers are offering more flexible investments to AI companies. It also highlights the importance of infrastructure for AI growth.
