Anthropic committed to spending $11.6 billion over seven years on Akamai’s cloud infrastructure to handle growing CPU workloads, in what is the largest contract in Akamai’s history. As part of the arrangement, Akamai issued Anthropic warrants for up to roughly 5% of its stock, with additional equity vesting tied to further spending that could push the total deal value to about $20 billion. Akamai expects to book $150-300 million in revenue from the deal in 2027, rising to an annualized pace of about $1.7 billion by the end of 2028, and plans to invest roughly $5.5 billion to build the needed capacity.
