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Anthropic to pay Akamai $11.6 billion over seven years in cloud deal

TechCrunch · AIby Aditya Mehta ()2 min read1 · 1 read
AI summary · grok-4.7Summaries by Vani AI

Anthropic will pay Akamai $11.6 billion over seven years for cloud infrastructure, Akamai's largest contract.

Anthropic agreed to spend $11.6 billion over seven years on Akamai cloud infrastructure, more than six times a $1.8 billion deal reported in May. The commitment depends on delivery and availability terms, and either side can exit under certain conditions. Akamai expects no revenue this year, $150-300 million in 2027, and about a $1.7 billion annual pace by late 2028, while spending roughly $5.5 billion on capacity. A warrant could give Anthropic up to about 5 percent of Akamai, and further spend could lift the commitment toward $20 billion.

Key facts
  • Deal is $11.6 billion over seven years, Akamai's largest cloud contract.
  • No 2026 revenue; $150-300 million in 2027; about $1.7 billion pace by late 2028.
  • Warrant covers up to 7.7 million shares, about 5 percent of Akamai.
  • Each added $3 billion of spend unlocks roughly another 1 percent equity.
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From the original article

2 min read at techcrunch.com

nthropic has committed $11. 6 billion over seven years to Akamai's cloud infrastructure, a bet on CPUs that could grow to about $20 billion, and in an unusual arrangement, Akamai is giving Anthropic a potential stake of up to 5% of its stock that grows as Anthropic spends more.

TechCrunch · AI

By Aditya Mehta · techcrunch.com

Read the full article at TechCrunch · AI

A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.