Akamai Technologies has announced a seven-year agreement with AI company Anthropic worth $11.6 billion in contractual commitments, as demand for compute infrastructure grows alongside expanding AI workloads.
The company said the expanded relationship will use Akamai Cloud’s distributed infrastructure and software to support Anthropic’s CPU workload requirements at scale. Akamai said the deal could expand by up to a further $9 billion over the term, taking the total potential commitment to approximately $20 billion.
The agreement follows Akamai’s earlier disclosure of more than $2.8 billion in multi-year Cloud Infrastructure Services commitments across its customer base this year, which the company positioned as evidence of rising infrastructure requirements linked to AI deployments.
As part of the arrangement, Akamai said it has issued a warrant to Anthropic for the purchase of non-voting convertible Series B Preferred Stock representing 7.7 million shares of Akamai common stock on an as-converted basis, or up to approximately 5% of common stock outstanding, at an exercise price of $111.33 per share. Akamai said about 2% is expected to vest in connection with the $11.6 billion commitment, with the remaining approximately 3% tied to future expansions of the relationship of up to an additional $9 billion. Each additional $3 billion purchase of cloud services would result in the vesting of approximately 1% of Akamai’s common stock outstanding, the company said.
“Anthropic is advancing the AI revolution and we are thrilled they chose Akamai’s capabilities for building and operating AI infrastructure at scale,” said Dr. Tom Leighton, co-founder and CEO, Akamai. “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 said capital expenditures related to the $11.6 billion commitment are estimated to total about $5.5 billion. The company said it does not expect the agreement to affect its 2026 revenue guidance, but anticipates an increase of approximately $1.7 billion in capital expenditures in 2026 to secure and pre-purchase supply chain components, including memory.
