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AI Giant Anthropic Seals $11.6B Compute Deal
25 Sep
Summary
- Anthropic secured an $11.6 billion, seven-year computing power contract.
- Akamai's largest deal ever, boosting its cloud business significantly.
- Deal includes warrants for Anthropic to buy Akamai shares.
Anthropic PBC has finalized an $11.6 billion, seven-year agreement with Akamai Technologies Inc. for essential computing power, underscoring the AI developer's rapid expansion. This new contract significantly surpasses a previous $1.8 billion deal struck earlier this year between the two companies.
Akamai will provide Anthropic with access to central processing units (CPUs), a vital component for supporting advanced AI services. The agreement also grants Anthropic warrants to purchase Series B shares of Akamai stock, converting into 7.7 million common shares.
This substantial deal marks the largest in Akamai's history and represents a major strategic move for the company into the computing sector. Akamai anticipates capital spending of approximately $5.5 billion tied solely to this Anthropic agreement.
The demand for Anthropic's Claude software has surged, driving the company's need for increased computing resources. Anthropic has been actively securing necessary infrastructure from various technology providers to meet this growing customer demand.
