Anthropic Commits $11.6 Billion to Akamai Cloud Infrastructure

Anthropic will spend $11.6 billion over seven years on Akamai’s cloud infrastructure. [1] The commitment is more than six times the $1.8 billion deal between the companies that Bloomberg reported in May. [1] According to Akamai’s securities filing, the agreement depends on delivery and service-availability requirements, and either company can terminate it under certain conditions. [1]

Akamai expects no revenue from the agreement this year, followed by $150 million to $300 million in 2027 beginning in the second half and an annual revenue pace of about $1.7 billion by the end of 2028. [1] To build the required capacity, Akamai expects to spend about $5.5 billion and is adding roughly $1.7 billion to this year’s capital spending for advance component purchases such as memory. [1] Anthropic also received a warrant for nonvoting preferred stock convertible into 7.7 million common shares, up to about 5% of Akamai’s outstanding stock, at $111.33 per share. [1] TechCrunch characterized the agreement as a bet on CPUs, while noting that Akamai did not say how Anthropic would use them. [1]

The jump from the previously reported $1.8 billion arrangement to a seven-year $11.6 billion commitment makes Akamai a much larger part of Anthropic’s compute planning, although delivery conditions and termination rights limit certainty. The economics also unfold slowly: Akamai expects no deal revenue this year and must spend heavily before the projected annual pace arrives. The warrant further links upside to Anthropic’s spending, while the CPU emphasis broadens the infrastructure story beyond the accelerators usually associated with AI. What the sources don't address: which Anthropic workloads will run on Akamai’s CPUs or how much capacity the agreement will ultimately deliver.