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Akamai Surges on Massive AI Cloud Contract
25 Sep
Summary
- Anthropic and Akamai inked a seven-year cloud deal worth $11.6 billion.
- The contract includes an option to increase the total commitment to $20 billion.
- Akamai granted Anthropic a warrant for up to 5% of its common stock.
AI research firm Anthropic has entered into a substantial cloud services agreement with Akamai Technologies, valued at $11.6 billion. This significant seven-year contract is designed to provide Anthropic with the essential computing capacity needed to manage its expanding AI workloads.
The agreement also includes provisions for potential expansion, with the total commitment possibly reaching up to $20 billion. In conjunction with the cloud services deal, Akamai has issued Anthropic a warrant. This warrant could give Anthropic ownership of as much as 5% of Akamai's outstanding common stock, with a portion expected to vest under the initial financial commitment.
