- Anthropic Commits to Akamai's Cloud Infrastructure for the Long Term
- Warrant could give Anthropic a stake in Akamai in the future
- The contract can be expanded to approximately $20 billion
Akamai, a provider of cloud infrastructure, has Anthropic an agreement expanded to $11.6 billion over seven years, which can be increased by an additional $9 billion to approximately $20 billion.
Akamai Massively Expands Its Business with Anthropic
Akamai announced on Thursday that it is significantly expanding its collaboration with Anthropic. Under the agreement, Akamai Cloud’s distributed infrastructure and software will handle Anthropic’s growing CPU workloads. As part of the deal, Anthropic received a Optionsscheinthat entitles it to purchase convertible, non-voting Series B preferred stock. Upon conversion, this would correspond to approximately 7.7 million common shares, or up to 5 percent of Akamai’s outstanding shares, at an exercise price of $111.33 per share. Approximately 2 percent of these are expected to vest in connection with the commitment announced today, with the remaining 3 percent vesting only if Anthropic extends the contract by up to an additional $9 billion.
Akamai expects capital expenditures of approximately $5.5 billion for the investments under the agreement. The revenue forecast for the current fiscal year remains unaffected, but capital expenditures for the current year are expected to increase by approximately $1.7 billion to secure critical supply chain components such as storage. CEO Tom Leighton stated that Anthropic is driving the AI revolution and has chosen Akamai for its capabilities in building and operating AI infrastructure at scale. The agreement complements multi-year commitments totaling over $2.8 billion from Akamai’s existing customer base that were announced earlier this year.
