Singapore – Akamai Technologies has secured an $11.6 billion, seven-year contractual commitment from Anthropic, marking one of the largest cloud infrastructure agreements disclosed this year. The deal will see the AI company draw on Akamai Cloud’s distributed infrastructure and software to support its rapidly accelerating CPU workload demands.
Under the arrangement, Anthropic will scale its compute operations using Akamai’s global network, which spans thousands of points of presence and blends core-to-edge processing with diversified hardware. According to Akamai, the platform is designed to let customers build and run applications while optimising how they are served to both users and AI agents.
The agreement also carries significant upside for both parties. It includes provision for the relationship to expand by a further $9 billion, bringing the total potential value of the partnership to approximately $20 billion over its term.
Alongside the financial commitment, Akamai has issued Anthropic a warrant 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. This equates to up to approximately 5% of Akamai’s outstanding common stock, exercisable at $111.33 per share.
Of that equity stake, roughly 2% is expected to vest in connection with today’s $11.6 billion commitment. The remaining 3% will vest incrementally as the partnership expands, with each additional $3 billion in cloud services purchased triggering the vesting of approximately 1% of outstanding shares, subject to mutually agreed terms, within the seven-year life of the warrant.
The transaction builds on more than $2.8 billion in multi-year Cloud Infrastructure Services commitments that Akamai has announced across its customer base so far this year. Taken together, the agreements point to sustained demand for infrastructure capable of supporting AI workloads at scale.
Commenting on the announcement, Dr Tom Leighton, Co-Founder and CEO of Akamai, said, “Anthropic is advancing the AI revolution and we are thrilled they chose Akamai’s capabilities for building and operating AI infrastructure at scale.”
“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,” Leighton added.
Financially, Akamai estimates that total capital expenditure tied to the $11.6 billion commitment will reach approximately $5.5 billion. The company has said it expects no impact on its 2026 revenue guidance as a result of the deal.
However, Akamai anticipates a roughly $1.7 billion increase in 2026 capital expenditure, which it attributes to securing and pre-purchasing critical supply chain components, including memory, ahead of scaling the new commitment.
The agreement underscores the growing reliance of frontier AI developers on distributed cloud infrastructure providers as compute demands continue to intensify across the sector.
